Legacy Private Trust Co. Has $917,000 Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Legacy Private Trust Co. raised its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 51.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 3,110 shares of the basic materials company's stock after purchasing an additional 1,050 shares during the quarter. Legacy Private Trust Co.'s holdings in Air Products and Chemicals were worth $917,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. First Hawaiian Bank increased its holdings in shares of Air Products and Chemicals by 16.8% during the 1st quarter. First Hawaiian Bank now owns 9,758 shares of the basic materials company's stock worth $2,878,000 after purchasing an additional 1,400 shares during the period. Marcum Wealth LLC increased its stake in Air Products and Chemicals by 2.7% in the first quarter. Marcum Wealth LLC now owns 1,572 shares of the basic materials company's stock valued at $464,000 after acquiring an additional 42 shares during the period. Confluence Investment Management LLC increased its stake in Air Products and Chemicals by 128.3% in the first quarter. Confluence Investment Management LLC now owns 206,654 shares of the basic materials company's stock valued at $60,946,000 after acquiring an additional 116,139 shares during the period. Fire Capital Management LLC bought a new stake in Air Products and Chemicals in the fourth quarter valued at about $715,000. Finally, Wellington Management Group LLP increased its stake in Air Products and Chemicals by 36.6% in the fourth quarter. Wellington Management Group LLP now owns 8,775 shares of the basic materials company's stock valued at $2,545,000 after acquiring an additional 2,352 shares during the period. Institutional investors own 81.66% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on APD shares. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $320.00 target price (down previously from $345.00) on shares of Air Products and Chemicals in a research note on Friday, February 7th. BMO Capital Markets cut shares of Air Products and Chemicals from an "outperform" rating to a "market perform" rating in a research note on Friday, February 7th. BNP Paribas raised shares of Air Products and Chemicals to a "strong-buy" rating in a research note on Tuesday, February 11th. UBS Group decreased their price objective on shares of Air Products and Chemicals from $335.00 to $324.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, Bank of America lowered shares of Air Products and Chemicals from a "neutral" rating to an "underperform" rating and reduced their target price for the stock from $330.00 to $282.00 in a research report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $331.00.

Insider Activity

In related news, VP Walter L. Nelson sold 589 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $308.50, for a total transaction of $181,706.50. Following the completion of the transaction, the vice president now directly owns 719 shares in the company, valued at $221,811.50. This represents a 45.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.41% of the company's stock.

Air Products and Chemicals Stock Performance

NYSE APD traded up $4.79 during trading on Tuesday, reaching $283.49. The company's stock had a trading volume of 1,394,966 shares, compared to its average volume of 1,447,662. The company has a current ratio of 1.11, a quick ratio of 0.96 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $63.09 billion, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 3.07 and a beta of 0.88. Air Products and Chemicals, Inc. has a 12 month low of $243.69 and a 12 month high of $341.14. The firm has a 50 day moving average price of $271.61 and a 200 day moving average price of $297.04.

Air Products and Chemicals (NYSE:APD - Get Free Report) last issued its earnings results on Thursday, May 1st. The basic materials company reported $2.69 EPS for the quarter, missing the consensus estimate of $2.83 by ($0.14). The firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.94 billion. Air Products and Chemicals had a net margin of 31.88% and a return on equity of 15.78%. Air Products and Chemicals's quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.85 earnings per share. As a group, equities analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 11th. Stockholders of record on Tuesday, July 1st will be given a $1.79 dividend. This represents a $7.16 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Tuesday, July 1st. Air Products and Chemicals's payout ratio is presently 104.07%.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.