F3Logic LLC Has $2.32 Million Holdings in Air Products & Chemicals, Inc. (APD)

F3Logic LLC decreased its holdings in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 16.4% in the first quarter, HoldingsChannel reports. The firm owned 12,185 shares of the basic materials company’s stock after selling 2,384 shares during the period. F3Logic LLC’s holdings in Air Products & Chemicals were worth $2,324,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Trillium Asset Management LLC increased its position in shares of Air Products & Chemicals by 4.4% during the first quarter. Trillium Asset Management LLC now owns 48,586 shares of the basic materials company’s stock valued at $9,278,000 after acquiring an additional 2,035 shares in the last quarter. Heritage Wealth Advisors increased its position in shares of Air Products & Chemicals by 16.3% during the first quarter. Heritage Wealth Advisors now owns 2,850 shares of the basic materials company’s stock valued at $544,000 after acquiring an additional 400 shares in the last quarter. Everence Capital Management Inc. increased its position in shares of Air Products & Chemicals by 37.3% during the first quarter. Everence Capital Management Inc. now owns 10,065 shares of the basic materials company’s stock valued at $1,922,000 after acquiring an additional 2,732 shares in the last quarter. Outlook Wealth Advisors LLC increased its position in shares of Air Products & Chemicals by 443.3% during the first quarter. Outlook Wealth Advisors LLC now owns 1,304 shares of the basic materials company’s stock valued at $249,000 after acquiring an additional 1,064 shares in the last quarter. Finally, SlateStone Wealth LLC increased its position in shares of Air Products & Chemicals by 6.2% during the first quarter. SlateStone Wealth LLC now owns 6,543 shares of the basic materials company’s stock valued at $1,249,000 after acquiring an additional 380 shares in the last quarter. 87.41% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on APD shares. Zacks Investment Research raised shares of Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $174.00 price target for the company in a research report on Tuesday, January 15th. Credit Suisse Group raised their target price on shares of Air Products & Chemicals from $188.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. BMO Capital Markets raised their target price on shares of Air Products & Chemicals from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. KeyCorp raised their target price on shares of Air Products & Chemicals from $195.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Finally, Deutsche Bank raised their target price on shares of Air Products & Chemicals from $182.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $211.50.

APD stock traded down $2.16 on Wednesday, hitting $203.61. The company had a trading volume of 6,510 shares, compared to its average volume of 1,216,100. Air Products & Chemicals, Inc. has a 12-month low of $148.44 and a 12-month high of $209.86. The company has a current ratio of 2.36, a quick ratio of 2.16 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $45.03 billion, a P/E ratio of 27.36, a P/E/G ratio of 2.11 and a beta of 0.83.

Air Products & Chemicals (NYSE:APD) last issued its earnings results on Wednesday, April 24th. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.88 by $0.04. Air Products & Chemicals had a net margin of 18.90% and a return on equity of 15.28%. The company had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter last year, the company posted $1.71 earnings per share. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, equities analysts predict that Air Products & Chemicals, Inc. will post 8.22 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 12th. Stockholders of record on Monday, July 1st will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 2.28%. Air Products & Chemicals’s dividend payout ratio is presently 62.28%.

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Air Products & Chemicals 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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