Air Products & Chemicals, Inc. (NYSE:APD) Shares Sold by Fmr LLC

FMR LLC trimmed its holdings in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 11.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,400,167 shares of the basic materials company’s stock after selling 183,882 shares during the quarter. FMR LLC owned approximately 0.64% of Air Products & Chemicals worth $267,377,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in APD. Vanguard Group Inc raised its stake in Air Products & Chemicals by 1.3% during the third quarter. Vanguard Group Inc now owns 18,589,029 shares of the basic materials company’s stock valued at $3,105,298,000 after purchasing an additional 238,723 shares in the last quarter. BlackRock Inc. raised its stake in Air Products & Chemicals by 1.9% during the fourth quarter. BlackRock Inc. now owns 17,129,190 shares of the basic materials company’s stock valued at $2,741,528,000 after purchasing an additional 317,875 shares in the last quarter. Wells Fargo & Company MN raised its stake in Air Products & Chemicals by 0.6% during the first quarter. Wells Fargo & Company MN now owns 3,943,516 shares of the basic materials company’s stock valued at $753,054,000 after purchasing an additional 23,089 shares in the last quarter. Findlay Park Partners LLP raised its stake in Air Products & Chemicals by 6.4% during the fourth quarter. Findlay Park Partners LLP now owns 3,284,423 shares of the basic materials company’s stock valued at $525,672,000 after purchasing an additional 196,923 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Air Products & Chemicals by 0.7% during the first quarter. Northern Trust Corp now owns 3,262,098 shares of the basic materials company’s stock valued at $622,929,000 after purchasing an additional 22,480 shares in the last quarter. Institutional investors own 87.12% of the company’s stock.

A number of research firms have weighed in on APD. Bank of America upgraded shares of Air Products & Chemicals from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $170.00 to $215.00 in a research report on Thursday, April 25th. Barclays set a $46.00 price objective on shares of D. R. Horton and gave the company a “buy” rating in a research report on Friday, April 26th. Seaport Global Securities cut shares of Packaging Corp Of America from a “buy” rating to a “neutral” rating and set a $98.02 price objective on the stock. in a research report on Friday. They noted that the move was a valuation call. UBS Group boosted their price objective on shares of LyondellBasell Industries from $86.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, BMO Capital Markets boosted their price objective on shares of Air Products & Chemicals to $235.00 and gave the company an “outperform” rating in a research report on Monday, May 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. Air Products & Chemicals currently has an average rating of “Buy” and an average target price of $216.42.

In other Air Products & Chemicals news, VP Russell A. Flugel sold 2,970 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $207.01, for a total transaction of $614,819.70. Following the completion of the sale, the vice president now directly owns 6,387 shares of the company’s stock, valued at $1,322,172.87. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.35% of the company’s stock.

Air Products & Chemicals stock traded up $0.50 during midday trading on Monday, hitting $227.66. 645,746 shares of the company’s stock were exchanged, compared to its average volume of 1,154,023. The company has a current ratio of 2.36, a quick ratio of 2.16 and a debt-to-equity ratio of 0.29. Air Products & Chemicals, Inc. has a 12 month low of $148.44 and a 12 month high of $231.45. The business’s 50-day moving average price is $220.58. The firm has a market cap of $50.01 billion, a P/E ratio of 30.56, a PEG ratio of 2.25 and a beta of 0.83.

Air Products & Chemicals (NYSE:APD) last issued its earnings results on Wednesday, April 24th. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.88 by $0.04. Air Products & Chemicals had a net margin of 18.90% and a return on equity of 15.28%. The company had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.23 billion. During the same period in the prior year, the business earned $1.71 EPS. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, sell-side analysts expect that Air Products & Chemicals, Inc. will post 8.22 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 12th. Shareholders of record on Monday, July 1st will be given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Friday, June 28th. Air Products & Chemicals’s payout ratio is 62.28%.

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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