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

First Nebraska Trust Co acquired a new stake in Air Products and Chemicals, Inc. (NYSE:APD) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 12,923 shares of the basic materials company’s stock, valued at approximately $3,595,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. CrossGen Wealth LLC grew its position in shares of Air Products and Chemicals by 2.8% in the third quarter. CrossGen Wealth LLC now owns 8,221 shares of the basic materials company’s stock valued at $2,287,000 after purchasing an additional 225 shares during the last quarter. Welch Group LLC raised its position in shares of Air Products and Chemicals by 3.3% during the 3rd quarter. Welch Group LLC now owns 1,323 shares of the basic materials company’s stock worth $368,000 after purchasing an additional 42 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its position in shares of Air Products and Chemicals by 9,956.1% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 5,732 shares of the basic materials company’s stock worth $1,595,000 after purchasing an additional 5,675 shares during the last quarter. Boit C F David acquired a new position in shares of Air Products and Chemicals during the 3rd quarter worth approximately $125,000. Finally, Columbia Bank lifted its stake in Air Products and Chemicals by 6.5% in the 3rd quarter. Columbia Bank now owns 8,374 shares of the basic materials company’s stock valued at $2,330,000 after buying an additional 510 shares in the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on APD shares. KeyCorp initiated coverage on Air Products and Chemicals in a report on Thursday, September 10th. They set a “sector weight” rating on the stock. Mizuho raised their price target on Air Products and Chemicals from $345.00 to $355.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $320.00 price target on shares of Air Products and Chemicals in a report on Monday, August 3rd. Argus upped their price objective on Air Products and Chemicals from $316.00 to $329.00 and gave the company a “buy” rating in a research report on Wednesday, September 9th. Finally, Evercore reaffirmed an “outperform” rating and set a $342.00 price objective on shares of Air Products and Chemicals in a research note on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and an average target price of $333.88.

Air Products and Chemicals Trading Down 1.0%

Shares of APD stock opened at $312.83 on Wednesday. The firm has a market cap of $69.66 billion, a P/E ratio of -1,421.94, a PEG ratio of 2.98 and a beta of 0.67. The firm’s 50-day simple moving average is $294.60 and its 200-day simple moving average is $290.21. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year high of $319.98. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 8th. Investors of record on Monday, January 4th will be issued a $1.81 dividend. The ex-dividend date is Monday, January 4th. This represents a $7.24 dividend on an annualized basis and a yield of 2.3%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently -3,290.91%.

About Air Products and Chemicals

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.