Air Products & Chemicals, Inc. (APD) Holdings Trimmed by Plimoth Trust Co. LLC

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Plimoth Trust Co. LLC lessened its holdings in Air Products & Chemicals, Inc. (NYSE:APD) by 3.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,229 shares of the basic materials company’s stock after selling 105 shares during the quarter. Plimoth Trust Co. LLC’s holdings in Air Products & Chemicals were worth $617,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of APD. OMERS ADMINISTRATION Corp acquired a new stake in Air Products & Chemicals in the fourth quarter worth about $164,779,000. Deutsche Bank AG boosted its holdings in Air Products & Chemicals by 96.6% in the fourth quarter. Deutsche Bank AG now owns 1,599,411 shares of the basic materials company’s stock worth $255,979,000 after acquiring an additional 785,837 shares in the last quarter. Norges Bank acquired a new stake in Air Products & Chemicals in the fourth quarter worth about $95,285,000. Bessemer Group Inc. boosted its holdings in Air Products & Chemicals by 21,215.8% in the fourth quarter. Bessemer Group Inc. now owns 597,483 shares of the basic materials company’s stock worth $95,627,000 after acquiring an additional 594,680 shares in the last quarter. Finally, Bahl & Gaynor Inc. boosted its holdings in Air Products & Chemicals by 56.4% in the fourth quarter. Bahl & Gaynor Inc. now owns 1,274,149 shares of the basic materials company’s stock worth $203,928,000 after acquiring an additional 459,587 shares in the last quarter. 87.52% of the stock is owned by institutional investors and hedge funds.

Shares of Air Products & Chemicals stock traded up $0.35 on Friday, reaching $198.10. 1,322,938 shares of the stock were exchanged, compared to its average volume of 1,149,251. The company has a quick ratio of 2.03, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. Air Products & Chemicals, Inc. has a twelve month low of $148.44 and a twelve month high of $198.66. The company has a market capitalization of $43.51 billion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of 1.82 and a beta of 0.82.

Air Products & Chemicals (NYSE:APD) last released its earnings results on Friday, January 25th. The basic materials company reported $1.86 EPS for the quarter, missing the Zacks’ consensus estimate of $1.87 by ($0.01). Air Products & Chemicals had a return on equity of 15.13% and a net margin of 18.92%. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same period last year, the firm earned $1.79 EPS. The company’s revenue for the quarter was up .3% compared to the same quarter last year. Research analysts anticipate that Air Products & Chemicals, Inc. will post 8.18 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Monday, April 1st will be issued a dividend of $1.16 per share. This is an increase from Air Products & Chemicals’s previous quarterly dividend of $1.10. The ex-dividend date is Friday, March 29th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.34%. Air Products & Chemicals’s payout ratio is 62.28%.

Several equities research analysts have weighed in on APD shares. Zacks Investment Research raised Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $179.00 price target for the company in a report on Tuesday, January 8th. Bank of America downgraded Air Products & Chemicals from a “neutral” rating to an “underperform” rating and set a $170.00 price target for the company. in a report on Tuesday, January 8th. They noted that the move was a valuation call. Credit Suisse Group lifted their target price on 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 lifted their target price on Air Products & Chemicals from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. Finally, KeyCorp lifted their target price on Air Products & Chemicals from $195.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $196.40.

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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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