BNP Paribas Arbitrage SA lowered its position in Air Products and Chemicals Inc. (NYSE:APD) by 59.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 24,284 shares of the company’s stock after selling 35,215 shares during the period. BNP Paribas Arbitrage SA’s holdings in Air Products and Chemicals were worth $3,651,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. FMR LLC raised 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 worth $434,383,000 after buying an additional 1,934,959 shares during the period. Vanguard Group Inc. raised 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 worth $2,018,678,000 after buying an additional 625,648 shares during the last quarter. Prudential Financial Inc. raised 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 worth $126,875,000 after buying an additional 507,538 shares during the last quarter. Riverhead Capital Management LLC raised 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 worth $65,520,000 after buying an additional 441,835 shares during the last quarter. Finally, Point72 Asset Management L.P. raised 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 worth $52,809,000 after buying an additional 370,488 shares during the last quarter. Institutional investors and hedge funds own 84.89% of the company’s stock.

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

Shares of Air Products and Chemicals Inc. (NYSE:APD) traded up 1.19% during mid-day trading on Tuesday, hitting $143.47. The company had a trading volume of 2,055,316 shares. The company has a market capitalization of $31.19 billion, a P/E ratio of 49.64 and a beta of 1.24. The firm’s 50-day moving average price is $135.80 and its 200 day moving average price is $136.32. Air Products and Chemicals Inc. has a one year low of $106.05 and a one year high of $146.01.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, February 13th. Investors of record on Tuesday, January 3rd will be issued a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 2.40%. Air Products and Chemicals’s dividend payout ratio is currently 119.03%.

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A number of equities analysts have issued reports on the company. HSBC assumed coverage on Air Products and Chemicals in a research note on Tuesday. They set a “hold” rating and a $140.00 price target for the company. Credit Suisse Group AG set a $163.00 price target on Air Products and Chemicals and gave the company a “buy” rating in a research note on Monday, September 12th. Zacks Investment Research lowered Air Products and Chemicals from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. JPMorgan Chase & Co. raised Air Products and Chemicals from a “neutral” rating to an “overweight” rating and increased their price target for the company from $140.00 to $160.00 in a research note on Friday, August 12th. Finally, Argus raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $159.00 price objective for the company in a research note on Monday, November 21st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. Air Products and Chemicals presently has a consensus rating of “Hold” and a consensus price target of $150.33.

Air Products and Chemicals Company Profile

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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