Tredje AP fonden Lowers Stake in Air Products & Chemicals, Inc. (NYSE:APD)

Tredje AP fonden lowered its position in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 21.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 16,071 shares of the basic materials company’s stock after selling 4,265 shares during the period. Tredje AP fonden’s holdings in Air Products & Chemicals were worth $3,836,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Covenant Asset Management LLC raised its position in shares of Air Products & Chemicals by 8.0% during the fourth quarter. Covenant Asset Management LLC now owns 2,401 shares of the basic materials company’s stock valued at $564,000 after buying an additional 177 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Air Products & Chemicals by 0.6% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 51,997 shares of the basic materials company’s stock valued at $12,219,000 after buying an additional 300 shares during the last quarter. Godsey & Gibb Associates bought a new stake in shares of Air Products & Chemicals during the fourth quarter valued at approximately $207,000. Charter Trust Co. raised its position in shares of Air Products & Chemicals by 26.3% during the fourth quarter. Charter Trust Co. now owns 29,141 shares of the basic materials company’s stock valued at $6,848,000 after buying an additional 6,074 shares during the last quarter. Finally, Sepio Capital LLC bought a new stake in shares of Air Products & Chemicals during the first quarter valued at approximately $4,847,000. 83.60% of the stock is currently owned by institutional investors and hedge funds.

APD stock traded down $1.19 during mid-day trading on Friday, reaching $234.35. 775,139 shares of the stock traded hands, compared to its average volume of 1,035,600. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.37 and a current ratio of 2.59. Air Products & Chemicals, Inc. has a one year low of $167.43 and a one year high of $257.01. The stock has a market capitalization of $52.02 billion, a PE ratio of 26.89, a PEG ratio of 2.94 and a beta of 0.86. The business has a 50-day moving average price of $219.14 and a two-hundred day moving average price of $227.68.

Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, April 23rd. The basic materials company reported $2.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.06 by ($0.02). Air Products & Chemicals had a net margin of 21.66% and a return on equity of 16.36%. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter last year, the firm earned $2.00 EPS. The company’s revenue was up 1.3% on a year-over-year basis. On average, equities analysts expect that Air Products & Chemicals, Inc. will post 8.48 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Wednesday, July 1st will be given a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Tuesday, June 30th. Air Products & Chemicals’s dividend payout ratio (DPR) is 65.29%.

Several research firms have recently issued reports on APD. UBS Group reduced their price objective on shares of Air Products & Chemicals from $238.00 to $205.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 8th. Wells Fargo & Co reduced their price objective on shares of Air Products & Chemicals from $265.00 to $260.00 and set an “overweight” rating on the stock in a research report on Friday, April 24th. Citigroup lifted their price objective on shares of Air Products & Chemicals from $256.00 to $261.00 and gave the company a “buy” rating in a research report on Friday, April 24th. BMO Capital Markets reduced their price objective on shares of Air Products & Chemicals from $275.00 to $245.00 and set an “outperform” rating on the stock in a research report on Thursday, March 26th. Finally, Argus restated a “buy” rating and issued a $234.00 price target (down previously from $276.00) on shares of Air Products & Chemicals in a research report on Wednesday, March 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $247.33.

Air Products & Chemicals Profile

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.

Recommended Story: Catch-Up Contributions

Want to see what other hedge funds are holding APD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Air Products & Chemicals, Inc. (NYSE:APD).

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.