Air Products & Chemicals, Inc. (APD) Shares Sold by FIL Ltd

FIL Ltd trimmed its stake in Air Products & Chemicals, Inc. (NYSE:APD) by 28.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,192 shares of the basic materials company’s stock after selling 5,207 shares during the quarter. FIL Ltd’s holdings in Air Products & Chemicals were worth $2,204,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Braun Bostich & Associates Inc. boosted its stake in Air Products & Chemicals by 542.6% in the second quarter. Braun Bostich & Associates Inc. now owns 739 shares of the basic materials company’s stock valued at $115,000 after acquiring an additional 624 shares during the last quarter. NuWave Investment Management LLC raised its position in shares of Air Products & Chemicals by 8,770.0% in the third quarter. NuWave Investment Management LLC now owns 887 shares of the basic materials company’s stock valued at $148,000 after purchasing an additional 877 shares during the period. Private Capital Group LLC raised its position in shares of Air Products & Chemicals by 52.6% in the second quarter. Private Capital Group LLC now owns 1,245 shares of the basic materials company’s stock valued at $195,000 after purchasing an additional 429 shares during the period. Douglass Winthrop Advisors LLC bought a new stake in shares of Air Products & Chemicals in the third quarter valued at approximately $200,000. Finally, Engineers Gate Manager LP bought a new stake in shares of Air Products & Chemicals in the second quarter valued at approximately $202,000. Hedge funds and other institutional investors own 86.29% of the company’s stock.

NYSE APD opened at $160.87 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.00 and a current ratio of 2.17. The company has a market capitalization of $35.32 billion, a PE ratio of 21.59, a price-to-earnings-growth ratio of 1.66 and a beta of 1.09. Air Products & Chemicals, Inc. has a 12-month low of $148.44 and a 12-month high of $175.17.

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

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

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

In other news, Chairman Seifi Ghasemi bought 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 12th. The shares were acquired at an average price of $160.11 per share, with a total value of $3,202,200.00. Following the acquisition, the chairman now owns 408,652 shares of the company’s stock, valued at approximately $65,429,271.72. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.37% of the company’s stock.

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About Air Products & Chemicals

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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