Bridges Investment Management Inc. Has $822,000 Stock Position in Air Products & Chemicals, Inc. (NYSE:APD)

Bridges Investment Management Inc. boosted its holdings in Air Products & Chemicals, Inc. (NYSE:APD) by 23.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,632 shares of the basic materials company’s stock after buying an additional 687 shares during the period. Bridges Investment Management Inc.’s holdings in Air Products & Chemicals were worth $822,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in APD. Nordea Investment Management AB increased its holdings in Air Products & Chemicals by 358.5% during the first quarter. Nordea Investment Management AB now owns 405,635 shares of the basic materials company’s stock valued at $77,462,000 after buying an additional 317,174 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Air Products & Chemicals by 71.7% in the second quarter. First Trust Advisors LP now owns 527,192 shares of the basic materials company’s stock worth $119,340,000 after purchasing an additional 220,088 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Air Products & Chemicals by 25.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,044,236 shares of the basic materials company’s stock worth $167,161,000 after acquiring an additional 212,479 shares during the last quarter. King Luther Capital Management Corp boosted its position in shares of Air Products & Chemicals by 30.2% during the first quarter. King Luther Capital Management Corp now owns 854,276 shares of the basic materials company’s stock worth $163,133,000 after acquiring an additional 197,958 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Air Products & Chemicals by 7.6% during the fourth quarter. Geode Capital Management LLC now owns 2,636,556 shares of the basic materials company’s stock worth $421,179,000 after acquiring an additional 187,347 shares during the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

In related news, CEO Seifi Ghasemi bought 20,000 shares of Air Products & Chemicals stock in a transaction dated Friday, July 26th. The stock was acquired at an average cost of $227.16 per share, with a total value of $4,543,200.00. Following the completion of the acquisition, the chief executive officer now directly owns 453,783 shares in the company, valued at approximately $103,081,346.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

APD has been the subject of a number of research reports. JPMorgan Chase & Co. upped their target price on shares of Air Products & Chemicals from $207.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, June 7th. BMO Capital Markets upped their target price on shares of Air Products & Chemicals from $235.00 to $252.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. UBS Group lowered shares of Air Products & Chemicals from a “buy” rating to a “neutral” rating and upped their target price for the stock from $224.00 to $240.00 in a research report on Thursday, July 11th. KeyCorp upped their target price on shares of Air Products & Chemicals from $220.00 to $245.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 9th. Finally, Morgan Stanley upped their target price on shares of Air Products & Chemicals from $168.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $234.71.

Air Products & Chemicals stock traded up $0.22 during midday trading on Friday, reaching $220.89. 79,657 shares of the company were exchanged, compared to its average volume of 872,807. The firm’s 50-day simple moving average is $225.55 and its 200-day simple moving average is $209.86. The company has a market capitalization of $47.11 billion, a price-to-earnings ratio of 29.65, a P/E/G ratio of 2.14 and a beta of 0.86. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.09 and a current ratio of 2.28. Air Products & Chemicals, Inc. has a 1 year low of $148.44 and a 1 year high of $232.47.

Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, July 25th. The basic materials company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.03. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.32 billion. Air Products & Chemicals had a return on equity of 15.42% and a net margin of 19.14%. Air Products & Chemicals’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.95 EPS. On average, analysts forecast that Air Products & Chemicals, Inc. will post 8.24 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 11th. Stockholders of record on Tuesday, October 1st will be issued a $1.16 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.64 annualized dividend and a dividend yield of 2.10%. Air Products & Chemicals’s dividend payout ratio (DPR) is 62.28%.

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.

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

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