Air Products & Chemicals, Inc. (NYSE:APD) Position Reduced by Murphy Capital Management Inc.

Murphy Capital Management Inc. decreased its position in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 2.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,580 shares of the basic materials company’s stock after selling 200 shares during the period. Murphy Capital Management Inc.’s holdings in Air Products & Chemicals were worth $2,125,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in APD. First Trust Advisors LP raised its holdings in Air Products & Chemicals by 16.4% during the first quarter. First Trust Advisors LP now owns 307,104 shares of the basic materials company’s stock worth $58,645,000 after purchasing an additional 43,213 shares in the last quarter. FIL Ltd raised its holdings in Air Products & Chemicals by 23.9% during the first quarter. FIL Ltd now owns 36,013 shares of the basic materials company’s stock worth $6,877,000 after purchasing an additional 6,940 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Air Products & Chemicals by 1.2% during the first quarter. Commonwealth Equity Services LLC now owns 33,629 shares of the basic materials company’s stock worth $6,421,000 after purchasing an additional 384 shares in the last quarter. Hancock Whitney Corp raised its holdings in Air Products & Chemicals by 7.4% during the first quarter. Hancock Whitney Corp now owns 7,031 shares of the basic materials company’s stock worth $1,342,000 after purchasing an additional 485 shares in the last quarter. Finally, Wealthfront Advisers LLC raised its holdings in Air Products & Chemicals by 4.7% during the first quarter. Wealthfront Advisers LLC now owns 7,028 shares of the basic materials company’s stock worth $1,342,000 after purchasing an additional 318 shares in the last quarter. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE APD traded up $4.13 during trading on Friday, hitting $218.80. The company had a trading volume of 343,032 shares, compared to its average volume of 898,269. The company has a market cap of $45.78 billion, a P/E ratio of 29.37, a PEG ratio of 1.83 and a beta of 0.85. Air Products & Chemicals, Inc. has a 52 week low of $148.44 and a 52 week high of $232.47. The business’s 50-day moving average is $220.63 and its 200 day moving average is $214.87. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.09 and a current ratio of 2.28.



Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings results on Thursday, July 25th. The basic materials company reported $2.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.14 by $0.03. Air Products & Chemicals had a return on equity of 15.42% and a net margin of 19.14%. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the prior year, the company earned $1.95 earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis. On average, research analysts expect that Air Products & Chemicals, Inc. will post 8.24 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 11th. Shareholders of record on Tuesday, October 1st will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Monday, September 30th. Air Products & Chemicals’s dividend payout ratio (DPR) is currently 62.28%.

In other news, CEO Seifi Ghasemi bought 20,000 shares of the business’s stock in a transaction on Friday, July 26th. The shares were bought at an average cost of $227.16 per share, with a total value of $4,543,200.00. Following the purchase, the chief executive officer now directly owns 453,783 shares in the company, valued at $103,081,346.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.35% of the stock is owned by insiders.

Several research analysts have issued reports on APD shares. Susquehanna Bancshares reaffirmed a “neutral” rating on shares of Air Products & Chemicals in a report on Monday, August 19th. HSBC cut Air Products & Chemicals from a “buy” rating to a “hold” rating and dropped their price target for the company from $217.00 to $215.00 in a report on Thursday, August 1st. Sanford C. Bernstein cut Air Products & Chemicals from an “outperform” rating to a “market perform” rating and set a $225.00 price target on the stock. in a report on Thursday, July 18th. Credit Suisse Group upped their price target on Air Products & Chemicals from $221.00 to $238.00 and gave the company an “outperform” rating in a report on Tuesday, July 23rd. Finally, Citigroup set a $260.00 price target on Air Products & Chemicals and gave the company a “buy” rating in a report on Monday, July 15th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $234.14.

Air Products & 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, 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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