GAM Holding AG Trims Position in Air Products & Chemicals, Inc. (NYSE:APD)

GAM Holding AG lessened its position in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 34.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,646 shares of the basic materials company’s stock after selling 3,033 shares during the period. GAM Holding AG’s holdings in Air Products & Chemicals were worth $1,079,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. IMA Wealth Inc. increased its stake in Air Products & Chemicals by 285.7% in the 1st quarter. IMA Wealth Inc. now owns 135 shares of the basic materials company’s stock valued at $26,000 after buying an additional 100 shares during the last quarter. Field & Main Bank bought a new position in shares of Air Products & Chemicals during the 1st quarter valued at approximately $27,000. Athena Capital Advisors LLC bought a new position in shares of Air Products & Chemicals during the 4th quarter valued at approximately $28,000. Old North State Trust LLC grew its position in shares of Air Products & Chemicals by 376.1% during the 4th quarter. Old North State Trust LLC now owns 219 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 173 shares during the period. Finally, Pinnacle Bank bought a new position in shares of Air Products & Chemicals during the 4th quarter valued at approximately $38,000. Institutional investors own 87.05% of the company’s stock.

In other news, VP Russell A. Flugel sold 2,970 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $207.01, for a total value of $614,819.70. Following the sale, the vice president now owns 6,387 shares of the company’s stock, valued at $1,322,172.87. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Several research analysts recently commented on APD shares. Credit Suisse Group raised their price objective on shares of Air Products & Chemicals from $188.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. BMO Capital Markets raised their price objective on shares of Air Products & Chemicals from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. KeyCorp raised their price objective on shares of Air Products & Chemicals from $195.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Zacks Investment Research downgraded shares of Air Products & Chemicals from a “hold” rating to a “sell” rating in a report on Wednesday, April 17th. Finally, Deutsche Bank raised their price objective on shares of Air Products & Chemicals from $182.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company. Air Products & Chemicals presently has an average rating of “Buy” and a consensus price target of $213.00.

NYSE:APD traded up $2.45 during trading hours on Monday, reaching $228.82. The company’s stock had a trading volume of 811,797 shares, compared to its average volume of 1,180,366. The company has a market capitalization of $49.83 billion, a price-to-earnings ratio of 30.71, a price-to-earnings-growth ratio of 2.25 and a beta of 0.83. The firm’s 50-day moving average price is $214.47. Air Products & Chemicals, Inc. has a 1 year low of $148.44 and a 1 year high of $228.96. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.36 and a quick ratio of 2.16.

Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings data on Wednesday, April 24th. The basic materials company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.88 by $0.04. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. Air Products & Chemicals had a net margin of 18.90% and a return on equity of 15.28%. Air Products & Chemicals’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.71 earnings per share. Research analysts expect that Air Products & Chemicals, Inc. will post 8.22 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 12th. Stockholders of record on Monday, July 1st will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Friday, June 28th. Air Products & Chemicals’s dividend payout ratio is currently 62.28%.

About Air Products & Chemicals

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, 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 refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

Featured Story: Price to Earnings Ratio (PE), For Valuing Stocks

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

Receive News & Ratings for Air Products & Chemicals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Products & Chemicals and related companies with MarketBeat.com's FREE daily email newsletter.