Air Products and Chemicals, Inc. (NYSE:APD) Shares Bought by First Hawaiian Bank

First Hawaiian Bank increased its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 15.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,512 shares of the basic materials company’s stock after acquiring an additional 200 shares during the quarter. First Hawaiian Bank’s holdings in Air Products and Chemicals were worth $390,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Research Global Investors raised its position in shares of Air Products and Chemicals by 167.2% in the 4th quarter. Capital Research Global Investors now owns 6,921,011 shares of the basic materials company’s stock valued at $1,894,973,000 after purchasing an additional 4,330,471 shares in the last quarter. Norges Bank acquired a new position in Air Products and Chemicals during the 4th quarter worth $852,288,000. Clearbridge Investments LLC grew its holdings in Air Products and Chemicals by 50.6% during the 1st quarter. Clearbridge Investments LLC now owns 1,547,202 shares of the basic materials company’s stock worth $374,841,000 after acquiring an additional 520,179 shares in the last quarter. Scharf Investments LLC bought a new stake in shares of Air Products and Chemicals in the 1st quarter worth about $87,173,000. Finally, Nordea Investment Management AB raised its stake in shares of Air Products and Chemicals by 66.1% in the 1st quarter. Nordea Investment Management AB now owns 860,519 shares of the basic materials company’s stock valued at $207,807,000 after purchasing an additional 342,322 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lifted their price target on Air Products and Chemicals from $300.00 to $340.00 and gave the stock an “overweight” rating in a research note on Friday. UBS Group boosted their price target on Air Products and Chemicals from $257.00 to $268.00 and gave the company a “neutral” rating in a report on Tuesday, July 9th. Barclays raised their price objective on Air Products and Chemicals from $290.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Monday. Morgan Stanley lifted their price objective on shares of Air Products and Chemicals from $240.00 to $280.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 5th. Finally, The Goldman Sachs Group increased their target price on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a report on Monday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $296.53.

Air Products and Chemicals Stock Performance

Air Products and Chemicals stock traded up $1.03 during midday trading on Tuesday, reaching $279.50. 430,305 shares of the stock traded hands, compared to its average volume of 1,755,799. The firm has a fifty day moving average price of $266.08 and a two-hundred day moving average price of $250.19. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $307.71. The firm has a market cap of $62.14 billion, a price-to-earnings ratio of 25.15, a PEG ratio of 3.17 and a beta of 0.81. The company has a current ratio of 1.27, a quick ratio of 1.31 and a debt-to-equity ratio of 0.77.

Air Products and Chemicals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, October 1st will be issued a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend is Tuesday, October 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is 63.90%.

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.