Ingalls & Snyder LLC Sells 288 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Ingalls & Snyder LLC lowered its position in Air Products and Chemicals, Inc. (NYSE:APDFree Report) by 21.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,042 shares of the basic materials company’s stock after selling 288 shares during the quarter. Ingalls & Snyder LLC’s holdings in Air Products and Chemicals were worth $285,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Morgan Stanley boosted its position in Air Products and Chemicals by 26.0% during the 4th quarter. Morgan Stanley now owns 5,414,008 shares of the basic materials company’s stock valued at $1,668,923,000 after acquiring an additional 1,115,729 shares in the last quarter. Wells Fargo & Company MN boosted its position in Air Products and Chemicals by 0.9% during the 2nd quarter. Wells Fargo & Company MN now owns 4,163,043 shares of the basic materials company’s stock valued at $1,246,957,000 after acquiring an additional 38,283 shares in the last quarter. Northern Trust Corp boosted its position in Air Products and Chemicals by 1.0% during the 3rd quarter. Northern Trust Corp now owns 3,829,919 shares of the basic materials company’s stock valued at $1,085,399,000 after acquiring an additional 39,215 shares in the last quarter. Norges Bank bought a new stake in Air Products and Chemicals during the 4th quarter valued at $962,356,000. Finally, Raymond James & Associates boosted its position in Air Products and Chemicals by 3.6% during the 4th quarter. Raymond James & Associates now owns 1,931,619 shares of the basic materials company’s stock valued at $528,877,000 after acquiring an additional 66,906 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

NYSE:APD opened at $231.53 on Monday. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $307.71. The company has a quick ratio of 1.58, a current ratio of 1.81 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $51.47 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 2.55 and a beta of 0.81. The stock’s 50-day moving average price is $234.65 and its 200-day moving average price is $258.96.

Air Products and Chemicals (NYSE:APDGet Free Report) last posted its earnings results on Monday, February 5th. The basic materials company reported $2.82 EPS for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.18). Air Products and Chemicals had a net margin of 18.82% and a return on equity of 16.84%. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter last year, the business earned $2.64 earnings per share. Air Products and Chemicals’s revenue was down 5.6% on a year-over-year basis. As a group, equities analysts expect that Air Products and Chemicals, Inc. will post 12.38 EPS for the current fiscal year.

Air Products and Chemicals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Monday, April 1st will be issued a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 3.06%. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.75. The ex-dividend date of this dividend is Thursday, March 28th. Air Products and Chemicals’s payout ratio is presently 67.56%.

Analyst Ratings Changes

APD has been the topic of several recent research reports. Bank of America raised Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $264.00 target price on the stock in a research report on Thursday, February 15th. Argus lowered Air Products and Chemicals from a “buy” rating to a “hold” rating in a report on Monday, February 26th. StockNews.com lowered Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Sunday. Barclays decreased their price objective on Air Products and Chemicals from $260.00 to $245.00 and set an “equal weight” rating for the company in a report on Tuesday, February 6th. Finally, UBS Group lowered Air Products and Chemicals from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $328.00 to $241.00 in a research note on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $276.36.

View Our Latest Stock Report on APD

About Air Products and Chemicals

(Free Report)

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.

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Institutional Ownership by Quarter for Air Products and Chemicals (NYSE:APD)

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