Air Products and Chemicals, Inc. (APD) Shares Sold by Bank of The Ozarks

Bank of The Ozarks decreased its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 16.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,418 shares of the basic materials company’s stock after selling 280 shares during the period. Bank of The Ozarks’ holdings in Air Products and Chemicals were worth $203,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of APD. iAB Financial Bank acquired a new stake in Air Products and Chemicals during the first quarter valued at about $100,000. Patten Group Inc. raised its stake in Air Products and Chemicals by 3.7% in the first quarter. Patten Group Inc. now owns 778 shares of the basic materials company’s stock valued at $105,000 after buying an additional 28 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in Air Products and Chemicals during the first quarter valued at about $109,000. Guardian Life Insurance Co. of America raised its stake in Air Products and Chemicals by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 838 shares of the basic materials company’s stock valued at $113,000 after buying an additional 6 shares in the last quarter. Finally, Webster Bank N. A. raised its stake in Air Products and Chemicals by 68.2% in the first quarter. Webster Bank N. A. now owns 851 shares of the basic materials company’s stock valued at $115,000 after buying an additional 345 shares in the last quarter. 88.75% of the stock is owned by institutional investors.

Air Products and Chemicals, Inc. (NYSE:APD) opened at 145.54 on Friday. The stock has a 50 day moving average price of $145.05 and a 200 day moving average price of $141.90. Air Products and Chemicals, Inc. has a 12-month low of $129.00 and a 12-month high of $150.45. The stock has a market cap of $31.72 billion, a P/E ratio of 10.93 and a beta of 1.25.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 10th will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date is Friday, October 6th. Air Products and Chemicals’s payout ratio is 28.51%.

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Several research firms recently issued reports on APD. Deutsche Bank AG lifted their price objective on Air Products and Chemicals from $160.00 to $168.00 and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Jefferies Group LLC reissued a “hold” rating and set a $155.00 price objective on shares of Air Products and Chemicals in a research note on Friday, July 14th. Zacks Investment Research lowered Air Products and Chemicals from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. Vertical Research raised Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 price target for the company in a research note on Monday, August 7th. Finally, BidaskClub lowered Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. Air Products and Chemicals has a consensus rating of “Hold” and a consensus target price of $152.77.

About Air Products and Chemicals

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.

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

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