First Hawaiian Bank Has $2.42 Million Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

First Hawaiian Bank lowered its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 16.7% in the fourth quarter, HoldingsChannel reports. The firm owned 8,358 shares of the basic materials company’s stock after selling 1,672 shares during the period. First Hawaiian Bank’s holdings in Air Products and Chemicals were worth $2,424,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Forsta AP Fonden increased its holdings in shares of 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 in the last quarter. Jensen Investment Management Inc. grew its holdings 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 purchasing an additional 5,190 shares during the last quarter. World Investment Advisors LLC increased its stake in shares of Air Products and Chemicals by 1,205.1% in the third quarter. World Investment Advisors LLC now owns 38,423 shares of the basic materials company’s stock valued at $11,440,000 after buying an additional 35,479 shares in the last quarter. Townsquare Capital LLC raised its holdings 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 valued at $13,297,000 after buying an additional 1,662 shares during the last quarter. Finally, Synovus Financial Corp lifted its position 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 buying an additional 2,995 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Trading Down 0.4 %

NYSE APD opened at $285.27 on Thursday. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $337.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34. The firm has a market cap of $63.44 billion, a P/E ratio of 16.60, a P/E/G ratio of 3.13 and a beta of 0.84. The stock’s 50-day moving average is $310.24 and its 200-day moving average is $292.28.

Air Products and Chemicals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Thursday, January 2nd will be given a dividend of $1.77 per share. This represents a $7.08 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, January 2nd. Air Products and Chemicals’s dividend payout ratio is 41.21%.

Analyst Ratings Changes

APD has been the subject of a number of research analyst reports. BMO Capital Markets boosted 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. JPMorgan Chase & Co. reduced their price objective on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. StockNews.com raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday, September 23rd. Citigroup raised their price target on Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Barclays lifted their price objective on Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $331.53.

About Air Products and Chemicals

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.