Quantbot Technologies LP Has $4.06 Million Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Quantbot Technologies LP lessened its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 33.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,751 shares of the basic materials company’s stock after selling 8,238 shares during the period. Quantbot Technologies LP’s holdings in Air Products and Chemicals were worth $4,058,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Capital Research Global Investors increased its position in shares of Air Products and Chemicals by 167.2% during the 4th quarter. Capital Research Global Investors now owns 6,921,011 shares of the basic materials company’s stock worth $1,894,973,000 after purchasing an additional 4,330,471 shares during the last quarter. Norges Bank bought a new stake in Air Products and Chemicals during the fourth quarter worth $852,288,000. Raymond James & Associates lifted its stake in Air Products and Chemicals by 8.7% in the first quarter. Raymond James & Associates now owns 2,099,419 shares of the basic materials company’s stock valued at $508,626,000 after acquiring an additional 167,800 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Air Products and Chemicals by 3.3% during the 1st quarter. Bank of New York Mellon Corp now owns 2,029,678 shares of the basic materials company’s stock worth $491,730,000 after purchasing an additional 64,427 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in Air Products and Chemicals by 12.6% in the fourth quarter. Stifel Financial Corp now owns 1,508,625 shares of the basic materials company’s stock valued at $413,078,000 after buying an additional 168,959 shares during the period. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Stock Up 1.3 %

NYSE:APD traded up $3.34 during mid-day trading on Friday, hitting $261.34. 1,054,735 shares of the company’s stock were exchanged, compared to its average volume of 1,764,825. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $307.71. The business has a fifty day moving average price of $262.73 and a 200 day moving average price of $250.86. The company has a market cap of $58.10 billion, a PE ratio of 23.58, a P/E/G ratio of 2.77 and a beta of 0.81. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.49 and a quick ratio of 1.31.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.15. The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $3.05 billion. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. The business’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.74 earnings per share. Equities analysts predict that Air Products and Chemicals, Inc. will post 12.3 EPS for the current year.

Air Products and Chemicals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 12th. Stockholders of record on Monday, July 1st will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Monday, July 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 63.90%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets boosted their target price on shares of Air Products and Chemicals from $294.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday. Barclays increased their target price on shares of Air Products and Chemicals from $245.00 to $290.00 and gave the stock an “equal weight” rating in a research report on Monday, June 10th. Morgan Stanley lifted their price target on shares of Air Products and Chemicals from $240.00 to $280.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 5th. JPMorgan Chase & Co. reduced their price target on Air Products and Chemicals from $270.00 to $260.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Air Products and Chemicals from $260.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, June 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Air Products and Chemicals has a consensus rating of “Hold” and an average price target of $291.43.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.