Community Bank N.A. Has $2.73 Million Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Community Bank N.A. increased its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 9.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,160 shares of the basic materials company’s stock after acquiring an additional 776 shares during the period. Community Bank N.A.’s holdings in Air Products and Chemicals were worth $2,727,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in APD. Concentric Capital Strategies LP raised its holdings in shares of Air Products and Chemicals by 69.1% in the 3rd quarter. Concentric Capital Strategies LP now owns 12,192 shares of the basic materials company’s stock valued at $3,630,000 after purchasing an additional 4,980 shares during the period. Arrowroot Family Office LLC bought a new stake in Air Products and Chemicals in the third quarter valued at approximately $216,000. Benjamin Edwards Inc. lifted its position in shares of Air Products and Chemicals by 7,459.7% in the third quarter. Benjamin Edwards Inc. now owns 92,002 shares of the basic materials company’s stock valued at $27,398,000 after buying an additional 90,785 shares during the last quarter. TOMS Capital Investment Management LP bought a new position in shares of Air Products and Chemicals during the 3rd quarter worth approximately $159,886,000. Finally, Kestra Investment Management LLC acquired a new position in shares of Air Products and Chemicals during the 3rd quarter worth approximately $992,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Ratings Changes

APD has been the subject of a number of research analyst reports. Citigroup lifted their price objective on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Vertical Research upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price target on the stock in a research note on Monday, October 7th. Evercore ISI raised shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and increased their price target for the company from $305.00 to $365.00 in a report on Monday, October 7th. UBS Group upgraded Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price objective for the company in a report on Monday, November 18th. Finally, Wells Fargo & Company lifted their price target on Air Products and Chemicals from $280.00 to $330.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Air Products and Chemicals currently has an average rating of “Moderate Buy” and a consensus price target of $331.53.

Air Products and Chemicals Stock Performance

NYSE APD opened at $334.33 on Monday. The firm’s 50 day simple moving average is $315.16 and its 200 day simple moving average is $286.11. The firm has a market capitalization of $74.35 billion, a price-to-earnings ratio of 19.46, a P/E/G ratio of 3.35 and a beta of 0.81. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $336.42.

Air Products and Chemicals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Thursday, January 2nd. Air Products and Chemicals’s dividend payout ratio is presently 41.21%.

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.