Park National Corp OH Sells 1,106 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Park National Corp OH trimmed its position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 5.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,085 shares of the basic materials company's stock after selling 1,106 shares during the quarter. Park National Corp OH's holdings in Air Products and Chemicals were worth $5,923,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Parvin Asset Management LLC bought a new stake in shares of Air Products and Chemicals during the fourth quarter valued at approximately $715,000. Kestra Investment Management LLC boosted its holdings in shares of Air Products and Chemicals by 44.2% during the 4th quarter. Kestra Investment Management LLC now owns 4,804 shares of the basic materials company's stock valued at $1,393,000 after buying an additional 1,473 shares in the last quarter. Root Financial Partners LLC bought a new stake in shares of Air Products and Chemicals during the 4th quarter valued at $267,000. Oregon Pacific Wealth Management LLC bought a new stake in shares of Air Products and Chemicals during the 4th quarter valued at $335,000. Finally, Highview Capital Management LLC DE bought a new stake in Air Products and Chemicals during the fourth quarter worth about $590,000. 81.66% of the stock is owned by institutional investors.

Insider Activity

In other Air Products and Chemicals news, VP Walter L. Nelson sold 589 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $308.50, for a total value of $181,706.50. Following the transaction, the vice president now owns 719 shares of the company's stock, valued at approximately $221,811.50. This represents a 45.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.41% of the company's stock.

Air Products and Chemicals Stock Performance

APD traded up $5.82 during midday trading on Friday, hitting $278.99. 2,872,928 shares of the company traded hands, compared to its average volume of 1,452,761. The company has a quick ratio of 0.96, a current ratio of 1.11 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $62.09 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 3.07 and a beta of 0.88. The company's 50-day moving average is $271.94 and its 200 day moving average is $297.55. Air Products and Chemicals, Inc. has a 52 week low of $243.69 and a 52 week 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 for the quarter, missing analysts' consensus estimates of $2.83 by ($0.14). The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.94 billion. Air Products and Chemicals had a net margin of 31.88% and a return on equity of 15.78%. The firm's revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the company earned $2.85 EPS. On average, research analysts expect that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 11th. Stockholders of record on Tuesday, July 1st will be issued a dividend of $1.79 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $7.16 annualized dividend and a dividend yield of 2.57%. Air Products and Chemicals's payout ratio is 104.07%.

Wall Street Analyst Weigh In

APD has been the topic of several research reports. UBS Group dropped 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. BNP Paribas raised Air Products and Chemicals to a "strong-buy" rating in a research report on Tuesday, February 11th. Citigroup dropped their target price on Air Products and Chemicals from $373.00 to $345.00 and set a "buy" rating on the stock in a report on Tuesday, March 25th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $320.00 target price (down from $345.00) on shares of Air Products and Chemicals in a report on Friday, February 7th. Finally, Wall Street Zen downgraded Air Products and Chemicals from a "hold" rating to a "sell" rating in a report on Friday, February 7th. Two 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 issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $331.00.

About Air Products and Chemicals

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.