Glenmede Trust Co. NA Lowers Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Glenmede Trust Co. NA decreased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 3.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,279 shares of the basic materials company’s stock after selling 4,412 shares during the period. Glenmede Trust Co. NA owned approximately 0.05% of Air Products and Chemicals worth $33,430,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Townsquare Capital LLC lifted its stake in shares of Air Products and Chemicals by 3.9% in the third quarter. Townsquare Capital LLC now owns 44,661 shares of the basic materials company’s stock worth $13,297,000 after buying an additional 1,662 shares in the last quarter. CKW Financial Group purchased a new position in Air Products and Chemicals in the 3rd quarter worth about $58,000. Principal Street Partners LLC raised its position in Air Products and Chemicals by 96.5% in the 3rd quarter. Principal Street Partners LLC now owns 2,175 shares of the basic materials company’s stock worth $648,000 after buying an additional 1,068 shares during the last quarter. Avestar Capital LLC boosted its holdings in shares of Air Products and Chemicals by 8.0% during the 3rd quarter. Avestar Capital LLC now owns 1,068 shares of the basic materials company’s stock valued at $318,000 after acquiring an additional 79 shares during the last quarter. Finally, D.A. Davidson & CO. grew its stake in shares of Air Products and Chemicals by 3.0% in the third quarter. D.A. Davidson & CO. now owns 16,844 shares of the basic materials company’s stock worth $5,015,000 after acquiring an additional 498 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Barclays raised their target price on 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. BMO Capital Markets lifted their price objective on Air Products and Chemicals from $323.00 to $350.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Redburn Atlantic raised 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 report on Friday, October 25th. The Goldman Sachs Group lifted their price target on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the company a “buy” rating in a report on Monday, August 5th. Finally, Jefferies Financial Group raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and increased their price objective for the stock from $295.00 to $364.00 in a research note on Monday, October 7th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock 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 $333.20 on Thursday. 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, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $336.42. The firm has a market capitalization of $74.10 billion, a PE ratio of 19.39, a PEG ratio of 3.35 and a beta of 0.81. The stock’s fifty day moving average is $313.32 and its 200 day moving average is $284.69.

Air Products and Chemicals Dividend Announcement

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

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.