Air Products & Chemicals, Inc. (NYSE:APD) Shares Acquired by Commerce Bank

Commerce Bank grew its holdings in Air Products & Chemicals, Inc. (NYSE:APD) by 7.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,598 shares of the basic materials company’s stock after acquiring an additional 1,684 shares during the period. Commerce Bank’s holdings in Air Products & Chemicals were worth $4,710,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Wealthspire Advisors L.P. grew its stake in shares of Air Products & Chemicals by 3.5% during the fourth quarter. Wealthspire Advisors L.P. now owns 1,170 shares of the basic materials company’s stock worth $275,000 after purchasing an additional 40 shares in the last quarter. Ironwood Investment Management LLC grew its stake in shares of Air Products & Chemicals by 2.0% during the fourth quarter. Ironwood Investment Management LLC now owns 2,266 shares of the basic materials company’s stock worth $532,000 after purchasing an additional 44 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of Air Products & Chemicals by 14.2% during the fourth quarter. Global Retirement Partners LLC now owns 370 shares of the basic materials company’s stock worth $87,000 after purchasing an additional 46 shares in the last quarter. Jackson Wealth Management LLC grew its stake in shares of Air Products & Chemicals by 0.6% during the fourth quarter. Jackson Wealth Management LLC now owns 7,479 shares of the basic materials company’s stock worth $1,820,000 after purchasing an additional 46 shares in the last quarter. Finally, Delta Asset Management LLC TN grew its stake in shares of Air Products & Chemicals by 24.5% during the fourth quarter. Delta Asset Management LLC TN now owns 244 shares of the basic materials company’s stock worth $57,000 after purchasing an additional 48 shares in the last quarter. Institutional investors and hedge funds own 83.60% of the company’s stock.

Shares of Air Products & Chemicals stock opened at $234.35 on Friday. Air Products & Chemicals, Inc. has a 52-week low of $167.43 and a 52-week high of $257.01. The company has a quick ratio of 2.37, a current ratio of 2.59 and a debt-to-equity ratio of 0.28. The company’s 50-day simple moving average is $219.14 and its 200-day simple moving average is $227.68. The firm has a market cap of $52.02 billion, a price-to-earnings ratio of 26.89, a price-to-earnings-growth ratio of 2.94 and a beta of 0.86.

Air Products & Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, April 23rd. The basic materials company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.02). Air Products & Chemicals had a return on equity of 16.36% and a net margin of 21.66%. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter last year, the firm earned $2.00 earnings per share. The company’s revenue was up 1.3% compared to the same quarter last year. Equities research analysts anticipate that Air Products & Chemicals, Inc. will post 8.48 EPS for the current year.

The business also recently announced 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. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $5.36 annualized dividend and a yield of 2.29%. Air Products & Chemicals’s payout ratio is currently 65.29%.

A number of equities analysts recently commented on APD shares. HSBC reiterated a “buy” rating on shares of Air Products & Chemicals in a research note on Wednesday, April 15th. Deutsche Bank boosted their price target on shares of Air Products & Chemicals from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Citigroup boosted their price target 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. Sanford C. Bernstein raised shares of Air Products & Chemicals from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $246.00 to $262.00 in a research report on Wednesday, April 15th. Finally, Argus reissued a “buy” rating and issued a $234.00 price target (down from $276.00) on shares of Air Products & Chemicals in a research report on Wednesday, March 25th. One 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. The stock presently has an average rating of “Buy” and a consensus price target of $247.33.

Air Products & Chemicals Company 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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