Capital International Investors Cuts Stake in Air Products & Chemicals, Inc. (NYSE:APD)

Capital International Investors trimmed its position in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 3.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,302,787 shares of the basic materials company’s stock after selling 195,967 shares during the period. Capital International Investors’ holdings in Air Products & Chemicals were worth $1,246,102,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in APD. Simon Quick Advisors LLC purchased a new stake in Air Products & Chemicals during the 4th quarter valued at about $33,000. TI Trust Inc. purchased a new position in shares of Air Products & Chemicals during the 4th quarter worth $36,000. Price Wealth LLC purchased a new position in shares of Air Products & Chemicals during the 4th quarter worth $49,000. Savior LLC purchased a new position in shares of Air Products & Chemicals during the 4th quarter worth $55,000. Finally, Delta Asset Management LLC TN grew its holdings in shares of Air Products & Chemicals by 24.5% during the 4th quarter. Delta Asset Management LLC TN now owns 244 shares of the basic materials company’s stock worth $57,000 after purchasing an additional 48 shares during the period. 83.73% of the stock is currently owned by institutional investors.

In related news, Director Edward L. Monser bought 200 shares of the stock in a transaction on Wednesday, January 29th. The shares were bought at an average cost of $237.60 per share, for a total transaction of $47,520.00. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.35% of the company’s stock.

APD has been the subject of a number of research analyst reports. UBS Group lowered their price target on Air Products & Chemicals from $240.00 to $238.00 and set a “neutral” rating for the company in a report on Tuesday, March 10th. Wells Fargo & Co raised Air Products & Chemicals from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $260.00 to $265.00 in a research report on Wednesday, March 11th. SunTrust Banks raised their target price on Air Products & Chemicals from $255.00 to $265.00 and gave the stock a “positive” rating in a research report on Monday, January 27th. Argus reissued a “buy” rating and set a $234.00 target price (down previously from $276.00) on shares of Air Products & Chemicals in a research report on Wednesday. Finally, Atlantic Securities raised Air Products & Chemicals to a “buy” rating in a research report on Monday, March 16th. Nine investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $247.26.

Shares of APD stock traded up $6.89 during midday trading on Thursday, hitting $198.04. The company had a trading volume of 523,981 shares, compared to its average volume of 1,928,467. The company’s 50 day simple moving average is $228.69 and its 200 day simple moving average is $227.77. Air Products & Chemicals, Inc. has a 52-week low of $167.43 and a 52-week high of $257.01. The stock has a market cap of $42.90 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 2.02 and a beta of 0.87. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.59 and a quick ratio of 2.37.

Air Products & Chemicals (NYSE:APD) last announced its earnings results on Friday, January 24th. The basic materials company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.06. Air Products & Chemicals had a return on equity of 16.20% and a net margin of 21.10%. The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same period last year, the business posted $1.86 EPS. The company’s revenue was up 1.4% on a year-over-year basis. Analysts anticipate that Air Products & Chemicals, Inc. will post 9.36 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Wednesday, April 1st will be paid a $1.34 dividend. This is an increase from Air Products & Chemicals’s previous quarterly dividend of $1.16. This represents a $5.36 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Tuesday, March 31st. Air Products & Chemicals’s dividend payout ratio (DPR) is 56.52%.

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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