Chatham Capital Group Inc. Sells 71 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Chatham Capital Group Inc. lowered its position in Air Products and Chemicals, Inc. (NYSE:APDFree Report) by 0.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,301 shares of the basic materials company’s stock after selling 71 shares during the period. Chatham Capital Group Inc.’s holdings in Air Products and Chemicals were worth $2,011,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in APD. Vinva Investment Management Ltd bought a new position in Air Products and Chemicals during the 3rd quarter valued at approximately $314,000. Trexquant Investment LP purchased a new stake in Air Products and Chemicals during the 3rd quarter valued at $1,113,000. Bank of Nova Scotia boosted its stake in Air Products and Chemicals by 61.6% during the 3rd quarter. Bank of Nova Scotia now owns 59,463 shares of the basic materials company’s stock valued at $16,852,000 after purchasing an additional 22,661 shares during the last quarter. Cape Cod Five Cents Savings Bank purchased a new stake in Air Products and Chemicals during the 3rd quarter valued at $376,000. Finally, Teza Capital Management LLC boosted its stake in Air Products and Chemicals by 24.4% during the 3rd quarter. Teza Capital Management LLC now owns 5,519 shares of the basic materials company’s stock valued at $1,564,000 after purchasing an additional 1,082 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on APD. BMO Capital Markets increased their target price on Air Products and Chemicals from $276.00 to $294.00 and gave the company an “outperform” rating in a research note on Monday, June 10th. Bank of America raised their price target on Air Products and Chemicals from $275.00 to $312.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. StockNews.com upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Saturday. Deutsche Bank Aktiengesellschaft raised their price target on Air Products and Chemicals from $260.00 to $310.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Finally, Citigroup dropped their price target on Air Products and Chemicals from $285.00 to $280.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. One equities 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. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $287.29.

View Our Latest Analysis on APD

Air Products and Chemicals Price Performance

Shares of APD stock traded down $5.02 during trading hours on Friday, hitting $258.05. The stock had a trading volume of 2,606,874 shares, compared to its average volume of 2,045,374. The stock’s 50-day moving average price is $259.73 and its two-hundred day moving average price is $251.71. 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 one year low of $212.24 and a one year high of $307.71. The stock has a market capitalization of $57.37 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 2.80 and a beta of 0.84.

Air Products and Chemicals (NYSE:APDGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.15. Air Products and Chemicals had a return on equity of 16.56% and a net margin of 20.32%. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same period in the previous year, the firm posted $2.74 earnings per share. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. Equities analysts forecast that Air Products and Chemicals, Inc. will post 12.3 EPS for the current year.

Air Products and Chemicals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 12th. Shareholders of record on Monday, July 1st will be paid a dividend of $1.77 per share. The ex-dividend date of this dividend is Monday, July 1st. This represents a $7.08 annualized dividend and a yield of 2.74%. Air Products and Chemicals’s payout ratio is currently 63.90%.

Air Products and Chemicals Profile

(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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