Air Products & Chemicals, Inc. (APD) Shares Sold by Zeke Capital Advisors LLC

Zeke Capital Advisors LLC trimmed its holdings in Air Products & Chemicals, Inc. (NYSE:APD) by 21.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,611 shares of the basic materials company’s stock after selling 444 shares during the period. Zeke Capital Advisors LLC’s holdings in Air Products & Chemicals were worth $244,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of APD. Amalgamated Bank lifted its stake in shares of Air Products & Chemicals by 1.7% in the 3rd quarter. Amalgamated Bank now owns 24,612 shares of the basic materials company’s stock valued at $3,722,000 after purchasing an additional 405 shares in the last quarter. Twin Capital Management Inc. lifted its stake in shares of Air Products & Chemicals by 29.6% in the 3rd quarter. Twin Capital Management Inc. now owns 16,470 shares of the basic materials company’s stock valued at $2,491,000 after purchasing an additional 3,760 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. acquired a new position in shares of Air Products & Chemicals in the 3rd quarter valued at about $210,000. Cadence Capital Management LLC lifted its stake in shares of Air Products & Chemicals by 18.7% in the 3rd quarter. Cadence Capital Management LLC now owns 32,863 shares of the basic materials company’s stock valued at $4,970,000 after purchasing an additional 5,180 shares in the last quarter. Finally, Dai Ichi Life Insurance Company Ltd lifted its stake in shares of Air Products & Chemicals by 3.3% in the 3rd quarter. Dai Ichi Life Insurance Company Ltd now owns 20,656 shares of the basic materials company’s stock valued at $3,124,000 after purchasing an additional 657 shares in the last quarter. 87.68% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Air Products & Chemicals, Inc. (NYSE APD) opened at $161.64 on Monday. The company has a market capitalization of $35,337.48, a PE ratio of 25.62, a P/E/G ratio of 1.90 and a beta of 1.24. The company has a current ratio of 2.36, a quick ratio of 2.23 and a debt-to-equity ratio of 0.33. Air Products & Chemicals, Inc. has a twelve month low of $133.63 and a twelve month high of $164.65.

Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, October 26th. The basic materials company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.08. Air Products & Chemicals had a return on equity of 15.25% and a net margin of 36.65%. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the previous year, the business earned $2.01 EPS. Air Products & Chemicals’s revenue for the quarter was up 13.2% compared to the same quarter last year. research analysts predict that Air Products & Chemicals, Inc. will post 7 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Shareholders of record on Tuesday, January 2nd will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $3.80 annualized dividend and a yield of 2.35%. Air Products & Chemicals’s dividend payout ratio is presently 27.82%.

Several equities analysts have recently weighed in on APD shares. UBS lifted their price objective on Air Products & Chemicals from $162.00 to $172.00 and gave the company a “buy” rating in a research note on Friday, October 27th. KeyCorp reaffirmed a “buy” rating and issued a $161.00 price objective on shares of Air Products & Chemicals in a research note on Friday, September 8th. Argus raised their target price on Air Products & Chemicals from $159.00 to $165.00 and gave the company a “buy” rating in a report on Monday, August 28th. SunTrust Banks reiterated a “buy” rating and set a $175.00 target price on shares of Air Products & Chemicals in a report on Friday, October 27th. Finally, Citigroup raised their target price on Air Products & Chemicals from $172.30 to $185.00 and gave the company a “buy” rating in a report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $164.80.

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Air Products & 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 & Chemicals (NYSE:APD)

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