Windward Capital Management Co. CA Has $285,000 Position in Air Products and Chemicals, Inc. (NYSE:APD)

Windward Capital Management Co. CA lowered its position in Air Products and Chemicals, Inc. (NYSE:APD) by 3.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,992 shares of the basic materials company’s stock after selling 61 shares during the period. Windward Capital Management Co. CA’s holdings in Air Products and Chemicals were worth $285,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Integrated Investment Consultants LLC boosted its stake in shares of Air Products and Chemicals by 17.8% in the first quarter. Integrated Investment Consultants LLC now owns 2,145 shares of the basic materials company’s stock worth $290,000 after buying an additional 324 shares during the period. Park National Corp OH boosted its stake in shares of Air Products and Chemicals by 0.5% in the first quarter. Park National Corp OH now owns 87,725 shares of the basic materials company’s stock worth $11,868,000 after buying an additional 409 shares during the period. Macquarie Group Ltd. boosted its stake in shares of Air Products and Chemicals by 75.7% in the fourth quarter. Macquarie Group Ltd. now owns 71,055 shares of the basic materials company’s stock worth $10,219,000 after buying an additional 30,605 shares during the period. Philadelphia Trust Co. boosted its stake in shares of Air Products and Chemicals by 5.4% in the fourth quarter. Philadelphia Trust Co. now owns 7,785 shares of the basic materials company’s stock worth $1,120,000 after buying an additional 400 shares during the period. Finally, Highbridge Capital Management LLC boosted its stake in shares of Air Products and Chemicals by 1,233.3% in the fourth quarter. Highbridge Capital Management LLC now owns 20,000 shares of the basic materials company’s stock worth $2,876,000 after buying an additional 18,500 shares during the period. 88.92% of the stock is owned by hedge funds and other institutional investors.

Shares of Air Products and Chemicals, Inc. (NYSE:APD) traded down 0.29% during midday trading on Friday, hitting $144.60. 1,068,556 shares of the stock were exchanged. The firm has a market cap of $31.52 billion, a P/E ratio of 10.86 and a beta of 1.25. Air Products and Chemicals, Inc. has a 12-month low of $129.00 and a 12-month high of $150.45. The stock’s 50 day moving average is $144.81 and its 200 day moving average is $141.90.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.06. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the business posted $1.92 EPS. On average, equities research analysts forecast that Air Products and Chemicals, Inc. will post $6.23 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Tuesday, October 10th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis 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 28.51%.

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A number of brokerages recently weighed in on APD. Credit Suisse Group reaffirmed an “outperform” rating and set a $158.00 price target (up from $153.00) on shares of Air Products and Chemicals in a research report on Wednesday, August 2nd. Deutsche Bank AG boosted their price objective on shares of Air Products and Chemicals from $160.00 to $168.00 and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Vertical Research upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 price objective on the stock in a report on Monday. Barclays PLC reiterated a “buy” rating and issued a $170.00 price objective on shares of Air Products and Chemicals in a report on Friday, August 4th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $155.00 price objective on shares of Air Products and Chemicals in a report on Friday, July 14th. Two research 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. The company has an average rating of “Hold” and a consensus price target 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.

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

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