Air Products & Chemicals, Inc. (NYSE:APD) Shares Sold by Commerzbank Aktiengesellschaft FI

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Commerzbank Aktiengesellschaft FI decreased its holdings in Air Products & Chemicals, Inc. (NYSE:APD) by 24.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,255 shares of the basic materials company’s stock after selling 1,743 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Air Products & Chemicals were worth $818,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. boosted its stake in Air Products & Chemicals by 3.1% during the first quarter. BlackRock Inc. now owns 18,097,057 shares of the basic materials company’s stock worth $2,877,973,000 after buying an additional 552,393 shares during the period. FMR LLC boosted its stake in shares of Air Products & Chemicals by 52.8% during the second quarter. FMR LLC now owns 4,457,144 shares of the basic materials company’s stock valued at $694,111,000 after purchasing an additional 1,540,875 shares during the period. Findlay Park Partners LLP boosted its stake in shares of Air Products & Chemicals by 6.7% during the second quarter. Findlay Park Partners LLP now owns 3,200,000 shares of the basic materials company’s stock valued at $498,336,000 after purchasing an additional 200,000 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Air Products & Chemicals by 2.2% during the second quarter. Bank of New York Mellon Corp now owns 3,148,186 shares of the basic materials company’s stock valued at $490,265,000 after purchasing an additional 68,094 shares during the period. Finally, Sarasin & Partners LLP boosted its stake in shares of Air Products & Chemicals by 0.7% during the second quarter. Sarasin & Partners LLP now owns 940,997 shares of the basic materials company’s stock valued at $146,541,000 after purchasing an additional 6,146 shares during the period. 86.08% of the stock is currently owned by institutional investors.

A number of analysts have recently issued reports 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 target price for the company in a research note on Wednesday, June 27th. Credit Suisse Group boosted their target price on shares of Air Products & Chemicals from $182.00 to $188.00 and gave the company a “buy” rating in a research note on Friday, July 27th. Vertical Research raised shares of Air Products & Chemicals from a “hold” rating to a “buy” rating in a research note on Wednesday, August 29th. JPMorgan Chase & Co. lowered their price objective on shares of Air Products & Chemicals from $172.00 to $170.00 and set an “overweight” rating for the company in a research note on Friday, July 27th. Finally, Susquehanna Bancshares upped their price objective on shares of Air Products & Chemicals from $200.00 to $215.00 and gave the stock a “positive” rating in a research note on Wednesday, August 1st. Two analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $185.69.

Air Products & Chemicals stock traded up $0.98 during mid-day trading on Friday, hitting $168.61. The company had a trading volume of 820,502 shares, compared to its average volume of 744,068. The company has a current ratio of 2.40, a quick ratio of 2.24 and a debt-to-equity ratio of 0.35. Air Products & Chemicals, Inc. has a 12-month low of $149.48 and a 12-month high of $175.17. The firm has a market cap of $36.45 billion, a PE ratio of 26.72, a P/E/G ratio of 1.38 and a beta of 1.06.

Air Products & Chemicals (NYSE:APD) last released its quarterly earnings data on Thursday, July 26th. The basic materials company reported $1.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.84 by $0.11. Air Products & Chemicals had a return on equity of 15.15% and a net margin of 17.13%. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the prior year, the firm posted $1.65 EPS. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. equities research analysts forecast that Air Products & Chemicals, Inc. will post 7.45 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 12th. Stockholders of record on Monday, October 1st will be given a dividend of $1.10 per share. The ex-dividend date is Friday, September 28th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.61%. Air Products & Chemicals’s dividend payout ratio (DPR) is 69.73%.

Air Products & Chemicals Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, electronics and performance materials, 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 metals, glass, chemical processing, electronics, energy production and refining, food processing, metallurgical, medical, and general manufacturing.

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

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

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