BI Asset Management Fondsmaeglerselskab A S Has $953,000 Stake in Air Products and Chemicals, Inc. (NYSE:APD)

BI Asset Management Fondsmaeglerselskab A S cut its position in Air Products and Chemicals, Inc. (NYSE:APD) by 54.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,932 shares of the basic materials company’s stock after selling 4,725 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Air Products and Chemicals were worth $953,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV boosted its holdings in shares of Air Products and Chemicals by 1.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,636 shares of the basic materials company’s stock worth $996,000 after purchasing an additional 38 shares during the period. Venture Visionary Partners LLC lifted its holdings in Air Products and Chemicals by 1.5% in the 4th quarter. Venture Visionary Partners LLC now owns 2,907 shares of the basic materials company’s stock worth $796,000 after buying an additional 43 shares during the period. Applied Capital LLC FL grew its position in shares of Air Products and Chemicals by 2.0% in the 4th quarter. Applied Capital LLC FL now owns 2,223 shares of the basic materials company’s stock worth $609,000 after buying an additional 43 shares during the last quarter. Mycio Wealth Partners LLC grew its position in shares of Air Products and Chemicals by 0.6% in the 4th quarter. Mycio Wealth Partners LLC now owns 7,044 shares of the basic materials company’s stock worth $1,929,000 after buying an additional 44 shares during the last quarter. Finally, Werlinich Asset Management LLC increased its stake in shares of Air Products and Chemicals by 3.0% during the fourth quarter. Werlinich Asset Management LLC now owns 1,563 shares of the basic materials company’s stock valued at $431,000 after buying an additional 45 shares during the period. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Stock Up 0.3 %

APD stock traded up $0.82 during trading on Wednesday, hitting $255.52. 1,205,013 shares of the stock traded hands, compared to its average volume of 1,765,245. The stock has a market cap of $56.80 billion, a price-to-earnings ratio of 23.16, a price-to-earnings-growth ratio of 2.76 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, Inc. has a 1 year low of $212.24 and a 1 year high of $307.71. The firm’s 50 day moving average is $262.09 and its two-hundred day moving average is $250.78.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.15. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.05 billion. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.74 earnings per share. On average, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 12.3 EPS for the current year.

Air Products and Chemicals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 12th. Shareholders of record on Monday, July 1st will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Monday, July 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is 63.90%.

Analyst Ratings Changes

APD has been the topic of several recent analyst reports. BMO Capital Markets lifted their price target on shares of Air Products and Chemicals from $276.00 to $294.00 and gave the company an “outperform” rating in a report on Monday, June 10th. StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Saturday, June 29th. TD Cowen lifted their price objective on Air Products and Chemicals from $305.00 to $320.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Morgan Stanley increased their target price on Air Products and Chemicals from $240.00 to $280.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 5th. Finally, Citigroup lowered their target price on Air Products and Chemicals from $285.00 to $280.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $289.21.

About Air Products and Chemicals

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.