First National Bank of Mount Dora Trust Investment Services Trims Position in Air Products and Chemicals, Inc. (NYSE:APD)

First National Bank of Mount Dora Trust Investment Services reduced its stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 32.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,790 shares of the basic materials company's stock after selling 1,332 shares during the quarter. First National Bank of Mount Dora Trust Investment Services' holdings in Air Products and Chemicals were worth $823,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Mantle Ridge LP bought a new position in Air Products and Chemicals during the 4th quarter worth $1,191,344,000. Norges Bank acquired a new position in Air Products and Chemicals in the fourth quarter valued at $919,721,000. Bank of America Corp DE grew its holdings in Air Products and Chemicals by 129.4% during the 4th quarter. Bank of America Corp DE now owns 5,429,147 shares of the basic materials company's stock worth $1,574,670,000 after acquiring an additional 3,062,157 shares during the period. Raymond James Financial Inc. bought a new position in shares of Air Products and Chemicals during the 4th quarter worth approximately $885,371,000. Finally, Capital International Investors bought a new stake in Air Products and Chemicals in the 4th quarter valued at about $436,636,000. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Trading Up 0.1%

Shares of NYSE:APD traded up $0.37 during trading on Wednesday, reaching $282.25. 1,069,829 shares of the company were exchanged, compared to its average volume of 1,435,749. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.11 and a quick ratio of 0.96. The business's fifty day simple moving average is $270.17 and its 200-day simple moving average is $295.25. The firm has a market capitalization of $62.81 billion, a PE ratio of 16.39, a P/E/G ratio of 3.07 and a beta of 0.86. Air Products and Chemicals, Inc. has a 12-month low of $243.69 and a 12-month high of $341.14.

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

Air Products and Chemicals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 11th. Investors of record on Tuesday, July 1st will be issued a $1.79 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $7.16 annualized dividend and a dividend yield of 2.54%. Air Products and Chemicals's dividend payout ratio is presently 104.07%.

Analyst Ratings Changes

APD has been the subject of a number of analyst reports. Barclays reduced their price objective on shares of Air Products and Chemicals from $355.00 to $325.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Citigroup lowered their price target on Air Products and Chemicals from $373.00 to $345.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. Bank of America downgraded shares of Air Products and Chemicals from a "neutral" rating to an "underperform" rating and lowered their target price for the company from $330.00 to $282.00 in a report on Tuesday, April 15th. Wells Fargo & Company dropped their target price on shares of Air Products and Chemicals from $365.00 to $320.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Finally, Morgan Stanley initiated coverage on shares of Air Products and Chemicals in a report on Thursday, May 29th. They issued an "equal weight" rating and a $290.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Air Products and Chemicals has an average rating of "Moderate Buy" and an average price target of $331.00.

Air Products and Chemicals 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.