Gulf International Bank UK Ltd lessened its position in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 0.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 51,729 shares of the basic materials company’s stock after selling 228 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Air Products & Chemicals were worth $11,709,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in APD. Curbstone Financial Management Corp purchased a new position in Air Products & Chemicals during the second quarter worth about $426,000. Retirement Systems of Alabama raised its stake in shares of Air Products & Chemicals by 0.4% in the 2nd quarter. Retirement Systems of Alabama now owns 102,659 shares of the basic materials company’s stock valued at $23,239,000 after acquiring an additional 389 shares during the period. Strategic Blueprint LLC raised its stake in shares of Air Products & Chemicals by 1.8% in the 2nd quarter. Strategic Blueprint LLC now owns 7,142 shares of the basic materials company’s stock valued at $1,617,000 after acquiring an additional 127 shares during the period. EFG Asset Management Americas Corp. purchased a new stake in shares of Air Products & Chemicals in the 2nd quarter valued at approximately $2,907,000. Finally, Carroll Financial Associates Inc. raised its stake in shares of Air Products & Chemicals by 29.0% in the 2nd quarter. Carroll Financial Associates Inc. now owns 667 shares of the basic materials company’s stock valued at $150,000 after acquiring an additional 150 shares during the period. Institutional investors own 87.10% of the company’s stock.
In other Air Products & Chemicals news, VP Russell A. Flugel sold 2,970 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $207.01, for a total transaction of $614,819.70. Following the sale, the vice president now directly owns 6,387 shares of the company’s stock, valued at approximately $1,322,172.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.35% of the stock is owned by company insiders.
A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets boosted their price target on shares of Air Products & Chemicals to $235.00 and gave the company an “outperform” rating in a research note on Monday, May 13th. Deutsche Bank reduced their price target on shares of Xilinx from $125.00 to $120.00 and set a “hold” rating on the stock in a research note on Thursday, April 25th. Bank of America raised shares of Air Products & Chemicals from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $170.00 to $215.00 in a research note on Thursday, April 25th. UBS Group upped their target price on shares of LyondellBasell Industries from $86.00 to $89.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Finally, Barclays set a $46.00 target price on shares of D. R. Horton and gave the stock a “buy” rating in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $226.25.
Shares of Air Products & Chemicals stock traded down $1.59 during trading hours on Wednesday, hitting $227.27. The company had a trading volume of 15,748 shares, compared to its average volume of 842,149. The company’s 50-day moving average price is $224.09. Air Products & Chemicals, Inc. has a twelve month low of $148.44 and a twelve month high of $231.45. The firm has a market cap of $50.07 billion, a P/E ratio of 30.45, a P/E/G ratio of 2.24 and a beta of 0.83. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.16 and a current ratio of 2.36.
Air Products & Chemicals (NYSE:APD) last released its quarterly 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 period last year, the company earned $1.71 EPS. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. Equities research analysts expect that Air Products & Chemicals, Inc. will post 8.22 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 11th. Shareholders of record on Tuesday, October 1st will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.64 annualized dividend and a dividend yield of 2.04%. Air Products & Chemicals’s dividend payout ratio is currently 62.28%.
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.
Further Reading: What is intrinsic value?
Receive News & Ratings for Air Products & Chemicals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Products & Chemicals and related companies with MarketBeat.com's FREE daily email newsletter.