12,923 Shares in Air Products and Chemicals, Inc. $APD Purchased by First Nebraska Trust Co

First Nebraska Trust Co acquired a new stake in Air Products and Chemicals, Inc. (NYSE:APD) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 12,923 shares of the basic materials company’s stock, valued at approximately $3,595,000.

A number of other large investors have also modified their holdings of APD. State Street Corp lifted its holdings in shares of Air Products and Chemicals by 277.4% in the 2nd quarter. State Street Corp now owns 38,161,451 shares of the basic materials company’s stock valued at $10,597,451,000 after buying an additional 28,050,956 shares during the period. BlackRock Inc. purchased a new stake in shares of Air Products and Chemicals in the second quarter valued at approximately $5,370,093,000. Bank of America Corp DE grew its holdings in Air Products and Chemicals by 14.3% during the first quarter. Bank of America Corp DE now owns 4,443,531 shares of the basic materials company’s stock worth $1,290,801,000 after acquiring an additional 556,188 shares during the period. Envestnet Asset Management Inc. raised its position in Air Products and Chemicals by 326.7% in the second quarter. Envestnet Asset Management Inc. now owns 3,348,573 shares of the basic materials company’s stock worth $927,010,000 after acquiring an additional 2,563,873 shares in the last quarter. Finally, Aristotle Capital Management LLC raised its position in Air Products and Chemicals by 0.5% in the first quarter. Aristotle Capital Management LLC now owns 2,683,883 shares of the basic materials company’s stock worth $779,665,000 after acquiring an additional 14,262 shares in the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $312.83 on Wednesday. The business’s 50 day simple moving average is $294.60 and its 200-day simple moving average is $290.21. The firm has a market capitalization of $69.66 billion, a price-to-earnings ratio of -1,421.94, a price-to-earnings-growth ratio of 2.98 and a beta of 0.67. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92. Air Products and Chemicals, Inc. has a 12 month low of $229.11 and a 12 month high of $319.98.

Air Products and Chemicals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 8th. Investors of record on Monday, January 4th will be issued a dividend of $1.81 per share. The ex-dividend date of this dividend is Monday, January 4th. This represents a $7.24 annualized dividend and a yield of 2.3%. Air Products and Chemicals’s payout ratio is currently -3,290.91%.

Analyst Upgrades and Downgrades

APD has been the subject of a number of recent analyst reports. Argus raised their target price on Air Products and Chemicals from $316.00 to $329.00 and gave the company a “buy” rating in a report on Wednesday, September 9th. KeyCorp assumed coverage on shares of Air Products and Chemicals in a research note on Thursday, September 10th. They set a “sector weight” rating on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $320.00 price target on shares of Air Products and Chemicals in a research note on Monday, August 3rd. Weiss Ratings upgraded shares of Air Products and Chemicals from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, October 27th. Finally, Morgan Stanley set a $320.00 price objective on shares of Air Products and Chemicals in a research note on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $333.88.

Air Products and Chemicals Profile

Air Products and Chemicals, Inc is a global industrial gas and related equipment company serving customers in industries such as refining, chemicals, manufacturing, metals, electronics, food and beverage, healthcare, and energy. The company supplies atmospheric gases, including oxygen, nitrogen and argon, as well as hydrogen, helium, carbon dioxide, specialty gases and other industrial gases.

Air Products produces and distributes gases through pipelines, on-site facilities, bulk deliveries and packaged-gas systems.