US Bancorp DE lowered its stake in shares of Air Products and Chemicals Inc. (NYSE:APD) by 1.8% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 97,015 shares of the company’s stock after selling 1,816 shares during the period. US Bancorp DE’s holdings in Air Products and Chemicals were worth $14,586,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Bank of Montreal Can acquired a new stake in Air Products and Chemicals during the second quarter valued at approximately $37,233,000. Northeast Investment Management boosted its stake in Air Products and Chemicals by 0.3% in the second quarter. Northeast Investment Management now owns 15,700 shares of the company’s stock valued at $2,230,000 after buying an additional 51 shares during the period. Fenimore Asset Management Inc. boosted its stake in Air Products and Chemicals by 38.5% in the third quarter. Fenimore Asset Management Inc. now owns 70,730 shares of the company’s stock valued at $10,634,000 after buying an additional 19,670 shares during the period. Dearborn Partners LLC boosted its stake in Air Products and Chemicals by 3.8% in the second quarter. Dearborn Partners LLC now owns 106,743 shares of the company’s stock valued at $15,162,000 after buying an additional 3,873 shares during the period. Finally, Advisor Partners LLC boosted its stake in Air Products and Chemicals by 1.5% in the second quarter. Advisor Partners LLC now owns 3,758 shares of the company’s stock valued at $534,000 after buying an additional 57 shares during the period. 84.89% 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 down 0.234% during trading on Wednesday, reaching $143.135. The company’s stock had a trading volume of 430,932 shares. The stock has a 50-day moving average of $135.80 and a 200 day moving average of $136.32. The firm has a market capitalization of $31.11 billion, a P/E ratio of 49.528 and a beta of 1.24. 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 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.98 by $0.03. The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.45 billion. Air Products and Chemicals had a return on equity of 22.74% and a net margin of 6.63%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.82 EPS. On average, equities research analysts predict that Air Products and Chemicals Inc. will post $6.39 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 13th. Stockholders of record on Tuesday, January 3rd will be issued a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 2.40%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 119.03%.

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Several equities research analysts recently commented on APD shares. Zacks Investment Research cut Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. Atlantic Securities raised Air Products and Chemicals from an “underweight” rating to a “neutral” rating and increased their target price for the company from $125.00 to $135.00 in a report on Friday, September 30th. Credit Suisse Group AG assumed coverage on Air Products and Chemicals in a report on Monday, October 3rd. They issued an “outperform” rating on the stock. Argus raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $159.00 target price on the stock in a report on Monday, November 21st. Finally, JPMorgan Chase & Co. raised Air Products and Chemicals from a “neutral” rating to an “overweight” rating and increased their target price for the company from $140.00 to $160.00 in a report on Friday, August 12th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $150.33.

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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