CNB Bank Has $900,000 Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

CNB Bank decreased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 7.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,102 shares of the basic materials company’s stock after selling 238 shares during the period. CNB Bank’s holdings in Air Products and Chemicals were worth $900,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Saxon Interests Inc. grew its holdings in shares of Air Products and Chemicals by 8.4% during the fourth quarter. Saxon Interests Inc. now owns 4,482 shares of the basic materials company’s stock valued at $1,300,000 after buying an additional 346 shares during the last quarter. Procyon Advisors LLC increased its position in Air Products and Chemicals by 2.5% in the fourth quarter. Procyon Advisors LLC now owns 9,392 shares of the basic materials company’s stock worth $2,724,000 after buying an additional 233 shares during the last quarter. Decker Retirement Planning Inc. bought a new stake in Air Products and Chemicals in the 4th quarter valued at about $50,000. Central Valley Advisors LLC lifted its holdings in Air Products and Chemicals by 2.7% during the 4th quarter. Central Valley Advisors LLC now owns 6,545 shares of the basic materials company’s stock worth $1,898,000 after purchasing an additional 172 shares in the last quarter. Finally, Salvus Wealth Management LLC lifted its holdings in shares of Air Products and Chemicals by 1.2% in the fourth quarter. Salvus Wealth Management LLC now owns 3,826 shares of the basic materials company’s stock worth $1,110,000 after buying an additional 44 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Stock Up 0.4 %

APD stock opened at $313.35 on Friday. The business’s 50-day moving average is $309.36 and its two-hundred day moving average is $293.48. The company has a market cap of $69.68 billion, a price-to-earnings ratio of 18.24, a P/E/G ratio of 2.88 and a beta of 0.84. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $337.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52.

Air Products and Chemicals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Thursday, January 2nd. Air Products and Chemicals’s payout ratio is 41.21%.

Analysts Set New Price Targets

APD has been the topic of a number of research analyst reports. JPMorgan Chase & Co. decreased their target price on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Redburn Atlantic upgraded shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price for the company in a research report on Friday, October 25th. Mizuho increased their price target on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a report on Wednesday, October 9th. Barclays lifted their price objective on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Finally, Citigroup raised their price target on 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. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Air Products and Chemicals has a consensus rating of “Moderate Buy” and an average price target of $332.71.

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.