Tredje AP fonden Sells 4,265 Shares of Air Products & Chemicals, Inc. (NYSE:APD)

Tredje AP fonden decreased its stake in Air Products & Chemicals, Inc. (NYSE:APD) by 21.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 quarter.

Several other large investors also recently modified their holdings of APD. Wealth Quarterback LLC purchased a new stake in shares of Air Products & Chemicals in the 4th quarter valued at $915,811,000. Franklin Resources Inc. boosted its stake in shares of Air Products & Chemicals by 0.8% in the 4th quarter. Franklin Resources Inc. now owns 4,388,992 shares of the basic materials company’s stock valued at $1,031,370,000 after purchasing an additional 33,570 shares in the last quarter. FMR LLC boosted its stake in shares of Air Products & Chemicals by 80.3% in the 4th quarter. FMR LLC now owns 3,517,017 shares of the basic materials company’s stock valued at $826,464,000 after purchasing an additional 1,566,854 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Air Products & Chemicals by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 3,353,625 shares of the basic materials company’s stock valued at $786,639,000 after purchasing an additional 115,688 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Air Products & Chemicals by 11.0% in the 1st quarter. Bank of New York Mellon Corp now owns 3,203,740 shares of the basic materials company’s stock valued at $639,498,000 after purchasing an additional 316,756 shares in the last quarter. 83.60% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:APD traded down $1.19 on Friday, hitting $234.35. The company had a trading volume of 775,139 shares, compared to its average volume of 1,035,600. The firm’s 50-day simple moving average is $219.14 and its two-hundred day simple moving average is $227.68. Air Products & Chemicals, Inc. has a 1 year low of $167.43 and a 1 year 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 firm has a market capitalization of $52.02 billion, a price-to-earnings ratio of 26.89, a P/E/G 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 the Thomson Reuters’ consensus estimate of $2.06 by ($0.02). The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.16 billion. Air Products & Chemicals had a return on equity of 16.36% and a net margin of 21.66%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.00 earnings per share. Equities research analysts anticipate that Air Products & Chemicals, Inc. will post 8.48 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Wednesday, July 1st will be paid a $1.34 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $5.36 annualized dividend and a dividend yield of 2.29%. Air Products & Chemicals’s payout ratio is 65.29%.

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank upped their price objective on shares of Air Products & Chemicals from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Morgan Stanley cut their price objective on shares of Air Products & Chemicals from $280.00 to $245.00 and set an “overweight” rating for the company in a research note on Monday, March 30th. Wells Fargo & Co cut their price objective on shares of Air Products & Chemicals from $265.00 to $260.00 and set an “overweight” rating for the company in a research note on Friday, April 24th. JPMorgan Chase & Co. upped their price objective on shares of Air Products & Chemicals from $237.00 to $242.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Finally, Sanford C. Bernstein raised shares of Air Products & Chemicals from a “market perform” rating to an “outperform” rating and increased their price target for the company from $246.00 to $262.00 in a research report on Wednesday, April 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the company. Air Products & Chemicals presently has a consensus rating of “Buy” and an average price target of $247.33.

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.

Further Reading: Short Selling

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

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