Gulf International Bank UK Ltd Boosts Stake in Air Products & Chemicals, Inc. (APD)

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Gulf International Bank UK Ltd lifted its holdings in Air Products & Chemicals, Inc. (NYSE:APD) by 0.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,957 shares of the basic materials company’s stock after buying an additional 150 shares during the period. Gulf International Bank UK Ltd’s holdings in Air Products & Chemicals were worth $9,921,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. Pennsylvania Trust Co lifted its stake in shares of Air Products & Chemicals by 3.3% in the first quarter. Pennsylvania Trust Co now owns 74,757 shares of the basic materials company’s stock worth $14,275,000 after buying an additional 2,396 shares in the last quarter. RNC Capital Management LLC purchased a new position in shares of Air Products & Chemicals in the first quarter worth about $218,000. IFM Investors Pty Ltd lifted its stake in shares of Air Products & Chemicals by 16.3% in the first quarter. IFM Investors Pty Ltd now owns 14,575 shares of the basic materials company’s stock worth $2,783,000 after buying an additional 2,039 shares in the last quarter. Aurora Investment Counsel lifted its stake in shares of Air Products & Chemicals by 1.1% in the first quarter. Aurora Investment Counsel now owns 8,635 shares of the basic materials company’s stock worth $1,649,000 after buying an additional 97 shares in the last quarter. Finally, Nwam LLC purchased a new position in Air Products & Chemicals during the first quarter worth about $233,000. 87.52% of the stock is currently owned by hedge funds and other institutional investors.

APD has been the topic of a number of analyst reports. Bank of America downgraded shares of Air Products & Chemicals from a “neutral” rating to an “underperform” rating and set a $170.00 target price on the stock. in a research note on Tuesday, January 8th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $179.00 target price on the stock in a research note on Tuesday, January 8th. Credit Suisse Group lifted their price target on shares of Air Products & Chemicals from $188.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. BMO Capital Markets lifted their price target on shares of Air Products & Chemicals from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Tuesday, April 9th. Finally, KeyCorp lifted their price target on shares of Air Products & Chemicals from $195.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. Air Products & Chemicals presently has an average rating of “Buy” and a consensus price target of $196.40.

Shares of APD stock traded down $0.41 during trading on Thursday, reaching $197.34. The company’s stock had a trading volume of 12,781 shares, compared to its average volume of 1,145,453. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.03 and a current ratio of 2.21. The stock has a market capitalization of $43.43 billion, a P/E ratio of 26.49, a price-to-earnings-growth ratio of 1.82 and a beta of 0.82. Air Products & Chemicals, Inc. has a 1-year low of $148.44 and a 1-year high of $198.66.

Air Products & Chemicals (NYSE:APD) last announced its quarterly earnings data on Friday, January 25th. The basic materials company reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.01). The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.27 billion. Air Products & Chemicals had a net margin of 18.92% and a return on equity of 15.13%. The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the firm posted $1.79 EPS. On average, research analysts forecast that Air Products & Chemicals, Inc. will post 8.18 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, April 1st will be given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend is Friday, March 29th. This is an increase from Air Products & Chemicals’s previous quarterly dividend of $1.10. Air Products & Chemicals’s payout ratio is currently 62.28%.

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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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