Trillium Asset Management LLC lessened its stake in Air Products & Chemicals, Inc. (NYSE:APD) by 8.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,644 shares of the basic materials company’s stock after selling 3,021 shares during the period. Trillium Asset Management LLC’s holdings in Air Products & Chemicals were worth $6,516,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Covenant Asset Management LLC lifted its stake in shares of Air Products & Chemicals by 8.0% in the 4th quarter. Covenant Asset Management LLC now owns 2,401 shares of the basic materials company’s stock valued at $564,000 after acquiring an additional 177 shares during the last quarter. AE Wealth Management LLC lifted its stake in shares of Air Products & Chemicals by 15.7% in the 4th quarter. AE Wealth Management LLC now owns 3,664 shares of the basic materials company’s stock valued at $861,000 after acquiring an additional 496 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Air Products & Chemicals by 0.6% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 51,997 shares of the basic materials company’s stock valued at $12,219,000 after acquiring an additional 300 shares during the last quarter. Godsey & Gibb Associates purchased a new position in Air Products & Chemicals during the 4th quarter valued at about $207,000. Finally, Charter Trust Co. increased its holdings in Air Products & Chemicals by 26.3% during the 4th quarter. Charter Trust Co. now owns 29,141 shares of the basic materials company’s stock valued at $6,848,000 after purchasing an additional 6,074 shares during the period. 83.74% of the stock is owned by institutional investors.

APD stock traded up $2.42 during trading on Friday, reaching $228.04. The company’s stock had a trading volume of 1,441,282 shares, compared to its average volume of 1,404,666. Air Products & Chemicals, Inc. has a 1 year low of $167.43 and a 1 year high of $257.01. The company has a quick ratio of 2.37, a current ratio of 2.59 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $50.36 billion, a P/E ratio of 26.03, a price-to-earnings-growth ratio of 2.91 and a beta of 0.86. The company’s fifty day moving average is $214.04 and its 200-day moving average is $227.00.

Air Products & Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, April 23rd. The basic materials company reported $2.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.06 by ($0.02). Air Products & Chemicals had a return on equity of 16.36% and a net margin of 21.66%. The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter in the previous year, the company posted $2.00 EPS. The company’s quarterly revenue was up 1.3% on a year-over-year basis. Analysts anticipate that Air Products & Chemicals, Inc. will post 8.48 earnings per share for the current year.

A number of research analysts recently issued reports on the company. HSBC restated a “buy” rating on shares of Air Products & Chemicals in a report on Wednesday, April 15th. Argus restated a “buy” rating and set a $234.00 price target (down previously from $276.00) on shares of Air Products & Chemicals in a report on Wednesday, March 25th. Atlantic Securities upgraded Air Products & Chemicals to a “buy” rating in a report on Monday, March 16th. Citigroup boosted their price target on Air Products & Chemicals from $256.00 to $261.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, Sanford C. Bernstein upgraded Air Products & Chemicals from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $246.00 to $262.00 in a report on Wednesday, April 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $247.33.

Air Products & Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

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

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