Ledyard National Bank Has $322,000 Position in Air Products & Chemicals, Inc. (NYSE:APD)

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Ledyard National Bank raised its stake in Air Products & Chemicals, Inc. (NYSE:APD) by 35.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,009 shares of the basic materials company’s stock after buying an additional 527 shares during the quarter. Ledyard National Bank’s holdings in Air Products & Chemicals were worth $322,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Leavell Investment Management Inc. raised its stake in shares of Air Products & Chemicals by 1.1% in the 4th quarter. Leavell Investment Management Inc. now owns 5,785 shares of the basic materials company’s stock valued at $932,000 after buying an additional 64 shares in the last quarter. Cornerstone Advisors Inc. raised its stake in shares of Air Products & Chemicals by 9.9% in the 4th quarter. Cornerstone Advisors Inc. now owns 752 shares of the basic materials company’s stock valued at $120,000 after buying an additional 68 shares in the last quarter. Indiana Trust & Investment Management CO raised its stake in shares of Air Products & Chemicals by 2.4% in the 4th quarter. Indiana Trust & Investment Management CO now owns 3,169 shares of the basic materials company’s stock valued at $507,000 after buying an additional 75 shares in the last quarter. First National Trust Co raised its stake in shares of Air Products & Chemicals by 4.0% in the 4th quarter. First National Trust Co now owns 1,966 shares of the basic materials company’s stock valued at $315,000 after buying an additional 76 shares in the last quarter. Finally, Cerebellum GP LLC raised its stake in shares of Air Products & Chemicals by 9.3% in the 4th quarter. Cerebellum GP LLC now owns 1,178 shares of the basic materials company’s stock valued at $189,000 after buying an additional 100 shares in the last quarter. 87.88% of the stock is owned by institutional investors.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $177.00 target price for the company in a research report on Thursday, January 24th. Bank of America cut shares of Air Products & Chemicals from a “neutral” rating to an “underperform” rating and set a $170.00 target price for the company. in a research report on Tuesday, January 8th. They noted that the move was a valuation call. ValuEngine upgraded shares of Air Products & Chemicals from a “hold” rating to a “buy” rating in a research report on Friday, November 16th. Citigroup decreased their price objective on shares of Air Products & Chemicals from $200.00 to $181.00 and set a “buy” rating on the stock in a report on Tuesday, November 13th. Finally, BMO Capital Markets set a $200.00 price objective on shares of Air Products & Chemicals and gave the stock a “buy” rating in a report on Thursday, November 8th. One equities research analyst has rated the stock with a sell rating and eleven have given a buy rating to the stock. Air Products & Chemicals currently has an average rating of “Buy” and an average price target of $188.33.

Shares of NYSE APD opened at $171.97 on Thursday. The stock has a market capitalization of $37.90 billion, a PE ratio of 23.08, a price-to-earnings-growth ratio of 1.56 and a beta of 0.85. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.03 and a current ratio of 2.21. Air Products & Chemicals, Inc. has a 1 year low of $148.44 and a 1 year high of $173.40.

Air Products & Chemicals (NYSE:APD) last issued its earnings results on Friday, January 25th. The basic materials company reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($0.01). Air Products & Chemicals had a net margin of 18.92% and a return on equity of 15.13%. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same period last year, the business posted $1.79 EPS. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. Analysts expect that Air Products & Chemicals, Inc. will post 8.18 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Monday, April 1st will be paid a dividend of $1.16 per share. This is a positive change from Air Products & Chemicals’s previous quarterly dividend of $1.10. The ex-dividend date is Friday, March 29th. This represents a $4.64 annualized dividend and a yield of 2.70%. Air Products & Chemicals’s dividend payout ratio (DPR) is presently 59.06%.

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Air Products & Chemicals Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

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Institutional Ownership by Quarter for Air Products & Chemicals (NYSE:APD)

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