Canandaigua National Trust Co of Florida Sells 191 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Canandaigua National Trust Co of Florida reduced its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 6.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,965 shares of the basic materials company’s stock after selling 191 shares during the period. Canandaigua National Trust Co of Florida’s holdings in Air Products and Chemicals were worth $860,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Forsta AP Fonden raised its holdings in Air Products and Chemicals by 13.4% during the third quarter. Forsta AP Fonden now owns 45,700 shares of the basic materials company’s stock worth $13,607,000 after buying an additional 5,400 shares during the last quarter. Jensen Investment Management Inc. increased its position in shares of Air Products and Chemicals by 65.0% during the third quarter. Jensen Investment Management Inc. now owns 13,170 shares of the basic materials company’s stock worth $3,921,000 after acquiring an additional 5,190 shares in the last quarter. World Investment Advisors LLC raised its holdings in shares of Air Products and Chemicals by 1,205.1% in the 3rd quarter. World Investment Advisors LLC now owns 38,423 shares of the basic materials company’s stock worth $11,440,000 after acquiring an additional 35,479 shares during the last quarter. Townsquare Capital LLC boosted its stake in Air Products and Chemicals by 3.9% during the 3rd quarter. Townsquare Capital LLC now owns 44,661 shares of the basic materials company’s stock valued at $13,297,000 after purchasing an additional 1,662 shares during the last quarter. Finally, Synovus Financial Corp increased its holdings in Air Products and Chemicals by 85.1% during the 3rd quarter. Synovus Financial Corp now owns 6,514 shares of the basic materials company’s stock worth $1,939,000 after purchasing an additional 2,995 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

NYSE:APD traded down $0.80 during mid-day trading on Monday, hitting $283.11. 1,437,114 shares of the company traded hands, compared to its average volume of 1,129,903. The stock’s fifty day moving average price is $312.07 and its 200-day moving average price is $292.15. The firm has a market cap of $62.96 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 3.13 and a beta of 0.84. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $337.00.

Air Products and Chemicals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Thursday, January 2nd will be given a dividend of $1.77 per share. The ex-dividend date is Thursday, January 2nd. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.50%. Air Products and Chemicals’s dividend payout ratio is 41.21%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on APD shares. Barclays lifted their target price on Air Products and Chemicals from $295.00 to $315.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. BMO Capital Markets upped their target price on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Wells Fargo & Company increased their target price on shares of Air Products and Chemicals from $280.00 to $330.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. Redburn Atlantic raised shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective for the company in a research report on Friday, October 25th. Finally, Jefferies Financial Group raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and lifted their target price for the stock from $295.00 to $364.00 in a research report on Monday, October 7th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Air Products and Chemicals presently has an average rating of “Moderate Buy” and a consensus target price of $331.53.

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.