Air Products & Chemicals, Inc. (NYSE:APD) Shares Sold by Patton Albertson Miller Group LLC

Share on StockTwits

Patton Albertson Miller Group LLC lowered its position in Air Products & Chemicals, Inc. (NYSE:APD) by 5.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,257 shares of the basic materials company’s stock after selling 118 shares during the period. Patton Albertson Miller Group LLC’s holdings in Air Products & Chemicals were worth $545,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Capital World Investors increased its stake in shares of Air Products & Chemicals by 36.8% during the 1st quarter. Capital World Investors now owns 3,495,798 shares of the basic materials company’s stock worth $697,796,000 after purchasing an additional 941,066 shares in the last quarter. London Co. of Virginia increased its stake in Air Products & Chemicals by 384.8% during the 1st quarter. London Co. of Virginia now owns 1,060,963 shares of the basic materials company’s stock worth $211,778,000 after buying an additional 842,095 shares during the period. Franklin Resources Inc. increased its stake in Air Products & Chemicals by 14.6% during the 1st quarter. Franklin Resources Inc. now owns 5,029,995 shares of the basic materials company’s stock worth $1,004,036,000 after buying an additional 641,003 shares during the period. Bessemer Group Inc. increased its stake in Air Products & Chemicals by 142.4% during the 2nd quarter. Bessemer Group Inc. now owns 1,005,425 shares of the basic materials company’s stock worth $242,770,000 after buying an additional 590,644 shares during the period. Finally, Ceredex Value Advisors LLC purchased a new stake in Air Products & Chemicals during the 1st quarter worth $103,263,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Shares of NYSE:APD traded down $0.94 during trading on Thursday, reaching $286.01. 19,343 shares of the company’s stock traded hands, compared to its average volume of 1,124,207. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.48 and a quick ratio of 3.32. Air Products & Chemicals, Inc. has a 12 month low of $167.43 and a 12 month high of $299.82. The company has a 50 day moving average of $279.16 and a 200-day moving average of $240.34. The stock has a market capitalization of $63.25 billion, a P/E ratio of 33.41, a price-to-earnings-growth ratio of 3.89 and a beta of 0.91.

Air Products & Chemicals (NYSE:APD) last posted its earnings results on Thursday, July 23rd. The basic materials company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.03. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.06 billion. Air Products & Chemicals had a net margin of 21.58% and a return on equity of 15.96%. Air Products & Chemicals’s revenue was down 7.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.17 EPS. Equities research analysts predict that Air Products & Chemicals, Inc. will post 8.39 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be paid a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Wednesday, September 30th. Air Products & Chemicals’s payout ratio is 65.29%.

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets boosted their target price on shares of Air Products & Chemicals from $359.00 to $363.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. SunTrust Banks boosted their target price on shares of Air Products & Chemicals from $295.00 to $330.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. They noted that the move was a valuation call. UBS Group boosted their target price on shares of Air Products & Chemicals from $212.00 to $265.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. JPMorgan Chase & Co. boosted their target price on shares of Air Products & Chemicals from $285.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Finally, Monness Crespi & Hardt downgraded shares of Air Products & Chemicals from a “buy” rating to a “neutral” rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $282.69.

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.

Read More: Cost of Capital

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

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.

Leave a Reply