Air Products and Chemicals, Inc. (APD) Position Cut by Pillar Pacific Capital Management LLC

Pillar Pacific Capital Management LLC lowered its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.1% during the second quarter, Holdings Channel reports. The firm owned 28,000 shares of the basic materials company’s stock after selling 310 shares during the period. Pillar Pacific Capital Management LLC’s holdings in Air Products and Chemicals were worth $4,005,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. boosted its stake in Air Products and Chemicals by 2.3% in the first quarter. Farmers & Merchants Investments Inc. now owns 53,777 shares of the basic materials company’s stock worth $7,275,000 after buying an additional 1,233 shares during the period. Reliance Trust Co. of Delaware boosted its stake in Air Products and Chemicals by 13.5% in the first quarter. Reliance Trust Co. of Delaware now owns 6,204 shares of the basic materials company’s stock worth $840,000 after buying an additional 738 shares during the period. Peoples Financial Services CORP. raised its position in shares of Air Products and Chemicals by 0.4% in the first quarter. Peoples Financial Services CORP. now owns 9,433 shares of the basic materials company’s stock worth $1,276,000 after buying an additional 33 shares in the last quarter. Heritage Investors Management Corp raised its position in shares of Air Products and Chemicals by 0.4% in the first quarter. Heritage Investors Management Corp now owns 63,078 shares of the basic materials company’s stock worth $8,534,000 after buying an additional 231 shares in the last quarter. Finally, Baldwin Brothers Inc. MA raised its position in shares of Air Products and Chemicals by 5.3% in the first quarter. Baldwin Brothers Inc. MA now owns 1,363 shares of the basic materials company’s stock worth $184,000 after buying an additional 68 shares in the last quarter. Institutional investors own 88.92% of the company’s stock.

Shares of Air Products and Chemicals, Inc. (NYSE APD) opened at 144.60 on Friday. The company has a market capitalization of $31.52 billion, a PE ratio of 10.86 and a beta of 1.25. The firm’s 50-day moving average is $144.81 and its 200 day moving average is $141.90. Air Products and Chemicals, Inc. has a 52 week low of $129.00 and a 52 week high of $150.45.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Tuesday, August 1st. The basic materials company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.59 by $0.06. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Air Products and Chemicals had a net margin of 34.63% and a return on equity of 17.23%. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.92 EPS. On average, analysts anticipate that Air Products and Chemicals, Inc. will post $6.23 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Tuesday, October 10th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Friday, October 6th. Air Products and Chemicals’s payout ratio is presently 28.51%.

ILLEGAL ACTIVITY WARNING: “Air Products and Chemicals, Inc. (APD) Position Cut by Pillar Pacific Capital Management LLC” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another domain, it was copied illegally and republished in violation of international copyright & trademark laws. The correct version of this article can be read at https://www.com-unik.info/2017/08/12/air-products-and-chemicals-inc-apd-position-cut-by-pillar-pacific-capital-management-llc.html.

A number of research analysts have recently commented on the stock. Deutsche Bank AG upped their price objective on shares of Air Products and Chemicals from $160.00 to $168.00 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $155.00 price objective on shares of Air Products and Chemicals in a research report on Friday, July 14th. Zacks Investment Research lowered shares of Air Products and Chemicals from a “buy” rating to a “hold” rating in a research report on Monday, May 1st. Vertical Research raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 price objective for the company in a research report on Monday, August 7th. Finally, BidaskClub lowered shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. Air Products and Chemicals currently has a consensus rating of “Hold” and a consensus target price of $153.29.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc, is an industrial gases company. The Company’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. The Company is also a supplier of liquefied natural gas process technology and equipment.

Want to see what other hedge funds are holding APD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Air Products and Chemicals, Inc. (NYSE:APD).

Institutional Ownership by Quarter for Air Products and Chemicals (NYSE:APD)

What are top analysts saying about Air Products and Chemicals Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Air Products and Chemicals Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit