D.A. Davidson & CO. Decreases Holdings in Air Products & Chemicals, Inc. (APD)

D.A. Davidson & CO. cut its holdings in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 4.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,001 shares of the basic materials company’s stock after selling 378 shares during the quarter. D.A. Davidson & CO.’s holdings in Air Products & Chemicals were worth $1,337,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Braun Bostich & Associates Inc. boosted its position in Air Products & Chemicals by 542.6% during the 2nd quarter. Braun Bostich & Associates Inc. now owns 739 shares of the basic materials company’s stock worth $115,000 after acquiring an additional 624 shares during the period. NuWave Investment Management LLC boosted its position in Air Products & Chemicals by 8,770.0% during the 3rd quarter. NuWave Investment Management LLC now owns 887 shares of the basic materials company’s stock worth $148,000 after acquiring an additional 877 shares during the period. Douglass Winthrop Advisors LLC acquired a new stake in Air Products & Chemicals during the 3rd quarter worth about $200,000. Nwam LLC acquired a new stake in Air Products & Chemicals during the 3rd quarter worth about $203,000. Finally, Cedar Capital LLC acquired a new stake in Air Products & Chemicals during the 3rd quarter worth about $205,000. Hedge funds and other institutional investors own 85.08% of the company’s stock.

Shares of Air Products & Chemicals stock opened at $160.87 on Friday. The stock has a market cap of $35.32 billion, a PE ratio of 21.59, a PEG ratio of 1.66 and a beta of 1.08. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.17 and a quick ratio of 2.00. Air Products & Chemicals, Inc. has a 52-week low of $148.44 and a 52-week high of $175.17.

Air Products & Chemicals (NYSE:APD) last announced its quarterly earnings results on Tuesday, November 6th. The basic materials company reported $2.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.01. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.31 billion. Air Products & Chemicals had a return on equity of 15.30% and a net margin of 16.77%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.76 EPS. Equities analysts expect that Air Products & Chemicals, Inc. will post 8.19 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, February 11th. Stockholders of record on Wednesday, January 2nd will be issued a dividend of $1.10 per share. The ex-dividend date is Monday, December 31st. This represents a $4.40 annualized dividend and a dividend yield of 2.74%. Air Products & Chemicals’s dividend payout ratio is 59.06%.

In related news, Chairman Seifi Ghasemi acquired 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 12th. The shares were acquired at an average cost of $160.11 per share, with a total value of $3,202,200.00. Following the purchase, the chairman now owns 408,652 shares of the company’s stock, valued at $65,429,271.72. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.37% of the stock is owned by insiders.

Several equities research analysts have recently issued reports on APD shares. Zacks Investment Research upgraded Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $179.00 price target for the company in a report on Tuesday, November 13th. BMO Capital Markets set a $200.00 price target on Air Products & Chemicals and gave the company a “buy” rating in a report on Thursday, November 8th. ValuEngine lowered Air Products & Chemicals from a “buy” rating to a “hold” rating in a report on Monday, October 22nd. BNP Paribas started coverage on Air Products & Chemicals in a report on Tuesday, October 2nd. They set an “outperform” rating for the company. Finally, Sanford C. Bernstein started coverage on Air Products & Chemicals in a report on Monday, September 24th. They set an “outperform” rating and a $202.00 price target for the company. Fifteen equities research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average target price of $190.08.

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Air Products & Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, electronics and performance materials, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including metals, glass, chemical processing, electronics, energy production and refining, food processing, metallurgical, medical, and general manufacturing.

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

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