First American Trust FSB Sells 12,867 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

First American Trust FSB lowered its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 70.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,382 shares of the basic materials company's stock after selling 12,867 shares during the quarter. First American Trust FSB's holdings in Air Products and Chemicals were worth $1,474,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in APD. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Air Products and Chemicals in the fourth quarter valued at approximately $27,000. Legacy Bridge LLC bought a new stake in shares of Air Products and Chemicals in the fourth quarter valued at approximately $35,000. FinTrust Capital Advisors LLC boosted its position in shares of Air Products and Chemicals by 40.4% in the third quarter. FinTrust Capital Advisors LLC now owns 132 shares of the basic materials company's stock valued at $37,000 after acquiring an additional 38 shares during the period. Artemis Wealth Advisors LLC bought a new stake in shares of Air Products and Chemicals in the third quarter valued at approximately $39,000. Finally, Fortitude Family Office LLC bought a new stake in shares of Air Products and Chemicals in the fourth quarter valued at approximately $42,000. Institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Price Performance

Shares of NYSE:APD traded down $0.37 during midday trading on Monday, reaching $231.16. The company's stock had a trading volume of 1,306,897 shares, compared to its average volume of 1,744,985. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $307.71. The company has a market capitalization of $51.39 billion, a P/E ratio of 22.18, a P/E/G ratio of 2.55 and a beta of 0.81. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.81 and a quick ratio of 1.58. The business's fifty day simple moving average is $234.65 and its 200-day simple moving average is $258.96.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted its quarterly earnings results on Monday, February 5th. The basic materials company reported $2.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.00 by ($0.18). The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.20 billion. Air Products and Chemicals had a net margin of 18.82% and a return on equity of 16.84%. Air Products and Chemicals's revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.64 EPS. As a group, equities research analysts expect that Air Products and Chemicals, Inc. will post 12.38 EPS for the current fiscal year.

Air Products and Chemicals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Monday, April 1st will be issued a dividend of $1.77 per share. The ex-dividend date is Thursday, March 28th. This represents a $7.08 dividend on an annualized basis and a yield of 3.06%. This is a boost from Air Products and Chemicals's previous quarterly dividend of $1.75. Air Products and Chemicals's dividend payout ratio (DPR) is 67.56%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. TD Cowen cut their target price on Air Products and Chemicals from $345.00 to $305.00 and set an "outperform" rating for the company in a research note on Friday, February 16th. Bank of America upgraded Air Products and Chemicals from a "neutral" rating to a "buy" rating and set a $264.00 target price for the company in a research note on Thursday, February 15th. StockNews.com lowered Air Products and Chemicals from a "hold" rating to a "sell" rating in a research note on Sunday. Citigroup upped their target price on Air Products and Chemicals from $260.00 to $285.00 and gave the company a "buy" rating in a research note on Wednesday, April 10th. Finally, Barclays cut their target price on Air Products and Chemicals from $260.00 to $245.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 6th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $276.36.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.