Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Harrington Investments INC


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Harrington Investments INC cut its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,054 shares of the basic materials company’s stock after selling 275 shares during the quarter. Air Products and Chemicals comprises about 1.8% of Harrington Investments INC’s investment portfolio, making the stock its 17th biggest position. Harrington Investments INC’s holdings in Air Products and Chemicals were worth $2,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. boosted its stake in Air Products and Chemicals by 2.9% in the 2nd quarter. Principal Financial Group Inc. now owns 1,512,394 shares of the basic materials company’s stock worth $365,183,000 after purchasing an additional 43,210 shares during the period. Man Group plc increased its position in shares of Air Products and Chemicals by 899.6% in the second quarter. Man Group plc now owns 14,055 shares of the basic materials company’s stock worth $3,394,000 after acquiring an additional 12,649 shares in the last quarter. Level Four Advisory Services LLC purchased a new position in shares of Air Products and Chemicals in the 2nd quarter valued at $252,000. Advisors Capital Management LLC acquired a new position in shares of Air Products and Chemicals during the 2nd quarter valued at $238,000. Finally, Orion Portfolio Solutions LLC lifted its holdings in shares of Air Products and Chemicals by 35.6% during the 2nd quarter. Orion Portfolio Solutions LLC now owns 995 shares of the basic materials company’s stock valued at $240,000 after acquiring an additional 261 shares in the last quarter. Institutional investors own 82.75% of the company’s stock.

Air Products and Chemicals stock traded up $7.61 during mid-day trading on Wednesday, reaching $290.67. The company had a trading volume of 1,601,512 shares, compared to its average volume of 1,360,014. The business has a fifty day simple moving average of $273.57 and a 200 day simple moving average of $283.13. The company has a market cap of $64.25 billion, a P/E ratio of 33.84, a P/E/G ratio of 3.61 and a beta of 0.76. Air Products and Chemicals, Inc. has a fifty-two week low of $167.43 and a fifty-two week high of $327.89. The company has a current ratio of 3.59, a quick ratio of 3.43 and a debt-to-equity ratio of 0.60.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Monday, November 16th. The basic materials company reported $2.19 EPS for the quarter, missing the Zacks’ consensus estimate of $2.21 by ($0.02). The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.27 billion. Air Products and Chemicals had a net margin of 21.30% and a return on equity of 15.48%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.27 earnings per share. Research analysts forecast that Air Products and Chemicals, Inc. will post 9.28 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, February 8th. Stockholders of record on Monday, January 4th will be paid a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Thursday, December 31st. Air Products and Chemicals’s payout ratio is 63.96%.

A number of research analysts have commented on APD shares. UBS Group upgraded Air Products and Chemicals from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $308.00 to $310.00 in a research note on Tuesday, December 15th. Evercore ISI assumed coverage on Air Products and Chemicals in a research report on Monday, September 21st. They set an “outperform” rating on the stock. Wells Fargo & Company lowered their price objective on shares of Air Products and Chemicals from $340.00 to $320.00 and set an “overweight” rating for the company in a research report on Thursday, November 12th. JPMorgan Chase & Co. lowered shares of Air Products and Chemicals from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $310.00 to $280.00 in a research note on Thursday, November 12th. Finally, BMO Capital Markets decreased their target price on shares of Air Products and Chemicals from $364.00 to $340.00 and set an “outperform” rating for the company in a research note on Thursday, November 12th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $295.20.

Air Products and 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, manufacturing, food and beverage, electronics, magnetic resonance imaging, energy production and refining, and metals.

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

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