Bridge Creek Capital Management LLC Purchases 4,140 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Bridge Creek Capital Management LLC lifted its position in Air Products and Chemicals, Inc. (NYSE:APDFree Report) by 59.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,112 shares of the basic materials company’s stock after buying an additional 4,140 shares during the period. Bridge Creek Capital Management LLC’s holdings in Air Products and Chemicals were worth $2,692,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Capital Research Global Investors increased its holdings in shares of Air Products and Chemicals by 167.2% in the 4th quarter. Capital Research Global Investors now owns 6,921,011 shares of the basic materials company’s stock worth $1,894,973,000 after purchasing an additional 4,330,471 shares in the last quarter. Morgan Stanley raised its position in Air Products and Chemicals by 4.6% in the 3rd quarter. Morgan Stanley now owns 5,302,455 shares of the basic materials company’s stock worth $1,502,717,000 after buying an additional 235,037 shares during the last quarter. Northern Trust Corp lifted its stake 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 during the period. Norges Bank purchased a new stake in shares of Air Products and Chemicals during the 4th quarter valued at about $852,288,000. Finally, Raymond James & Associates raised its holdings in shares of Air Products and Chemicals by 3.6% during the fourth quarter. Raymond James & Associates now owns 1,931,619 shares of the basic materials company’s stock valued at $528,877,000 after purchasing an additional 66,906 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

Shares of NYSE APD traded up $0.84 during mid-day trading on Friday, reaching $272.91. The company’s stock had a trading volume of 2,500,376 shares, compared to its average volume of 1,359,440. 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 52 week low of $212.24 and a 52 week high of $307.71. The stock has a fifty day moving average of $256.33 and a two-hundred day moving average of $251.74. The firm has a market capitalization of $60.67 billion, a PE ratio of 24.63, a P/E/G ratio of 2.95 and a beta of 0.84.

Air Products and Chemicals (NYSE:APDGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $0.15. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same period last year, the firm posted $2.74 EPS. The company’s revenue was down 8.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 12.3 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 12th. Shareholders of record on Monday, July 1st will be paid a $1.77 dividend. This represents a $7.08 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Monday, July 1st. Air Products and Chemicals’s payout ratio is currently 63.90%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on APD shares. BMO Capital Markets lifted their target price on shares of Air Products and Chemicals from $276.00 to $294.00 and gave the stock an “outperform” rating in a research report on Monday, June 10th. TD Cowen upped 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. JPMorgan Chase & Co. dropped their target price on Air Products and Chemicals from $270.00 to $260.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. Mizuho reduced their price target on shares of Air Products and Chemicals from $295.00 to $286.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Air Products and Chemicals from $260.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, June 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $287.29.

Check Out Our Latest Stock Analysis 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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