Bristol John W & Co. Inc. NY reduced its position in shares of Air Products and Chemicals Inc. (NYSE:APD) by 3.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 498,769 shares of the company’s stock after selling 16,081 shares during the period. Air Products and Chemicals accounts for 2.1% of Bristol John W & Co. Inc. NY’s portfolio, making the stock its 16th largest position. Bristol John W & Co. Inc. NY owned approximately 0.23% of Air Products and Chemicals worth $74,985,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC increased its position in shares of Air Products and Chemicals by 172.3% in the second quarter. FMR LLC now owns 3,058,173 shares of the company’s stock valued at $434,383,000 after buying an additional 1,934,959 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Air Products and Chemicals by 4.6% in the second quarter. Vanguard Group Inc. now owns 14,212,043 shares of the company’s stock valued at $2,018,678,000 after buying an additional 625,648 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Air Products and Chemicals by 131.6% in the second quarter. Prudential Financial Inc. now owns 893,234 shares of the company’s stock valued at $126,875,000 after buying an additional 507,538 shares during the last quarter. Riverhead Capital Management LLC increased its position in shares of Air Products and Chemicals by 2,272.7% in the second quarter. Riverhead Capital Management LLC now owns 461,276 shares of the company’s stock valued at $65,520,000 after buying an additional 441,835 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its position in shares of Air Products and Chemicals by 28,499.1% in the second quarter. Point72 Asset Management L.P. now owns 371,788 shares of the company’s stock valued at $52,809,000 after buying an additional 370,488 shares during the last quarter. 88.73% of the stock is currently owned by institutional investors.

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

Air Products and Chemicals Inc. (NYSE:APD) traded up 1.29% during trading on Monday, reaching $139.74. 1,232,414 shares of the company’s stock traded hands. The company has a 50-day moving average of $135.45 and a 200 day moving average of $136.05. The stock has a market capitalization of $30.35 billion, a P/E ratio of 48.35 and a beta of 1.24. Air Products and Chemicals Inc. has a 12 month low of $106.05 and a 12 month high of $146.01.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, October 27th. The company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.98 by $0.03. The business earned $2.46 billion during the quarter, compared to analyst estimates of $2.45 billion. Air Products and Chemicals had a net margin of 6.63% and a return on equity of 22.74%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.82 earnings per share. On average, equities research analysts expect that Air Products and Chemicals Inc. will post $6.39 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 13th. Investors of record on Tuesday, January 3rd will be issued a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 2.46%. Air Products and Chemicals’s payout ratio is currently 119.03%.

Several research analysts have issued reports on APD shares. Zacks Investment Research downgraded shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. Atlantic Securities raised shares of Air Products and Chemicals from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $125.00 to $135.00 in a research report on Friday, September 30th. Argus raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $159.00 price objective on the stock in a research report on Monday. JPMorgan Chase & Co. upgraded shares of Air Products and Chemicals from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $140.00 to $160.00 in a research note on Friday, August 12th. Finally, Credit Suisse Group AG initiated coverage on shares of Air Products and Chemicals in a research note on Monday, October 3rd. They issued an “outperform” rating for the company. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $151.07.

In related news, SVP John D. Stanley sold 17,247 shares of the company’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $155.39, for a total value of $2,680,011.33. Following the completion of the sale, the senior vice president now owns 36,129 shares of the company’s stock, valued at $5,614,085.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.33% of the stock is currently owned by corporate insiders.

About Air Products and Chemicals

Air Products and Chemicals, Inc is an industrial gases company. The Company’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. The Company operates through seven segments: Industrial Gases-Americas, Industrial Gases-Europe, Middle East, and Africa (EMEA), Industrial Gases-Asia, Industrial Gases-Global, Materials Technologies, Energy-from-Waste, and Corporate and other.

5 Day Chart for NYSE:APD

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