New Mexico Educational Retirement Board Has $3.50 Million Stake in Air Products & Chemicals, Inc. (APD)

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New Mexico Educational Retirement Board trimmed its position in Air Products & Chemicals, Inc. (NYSE:APD) by 1.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,350 shares of the basic materials company’s stock after selling 300 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Air Products & Chemicals were worth $3,504,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Athena Capital Advisors LLC bought a new position in Air Products & Chemicals during the fourth quarter worth $28,000. Old North State Trust LLC increased its position in Air Products & Chemicals by 376.1% during the fourth quarter. Old North State Trust LLC now owns 219 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 173 shares during the period. Pinnacle Bank bought a new position in Air Products & Chemicals during the fourth quarter worth $38,000. Transamerica Financial Advisors Inc. increased its position in Air Products & Chemicals by 617.6% during the fourth quarter. Transamerica Financial Advisors Inc. now owns 244 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 210 shares during the period. Finally, Legacy Financial Advisors Inc. increased its holdings in Air Products & Chemicals by 109.0% in the 4th quarter. Legacy Financial Advisors Inc. now owns 255 shares of the basic materials company’s stock valued at $41,000 after buying an additional 133 shares during the period. Institutional investors and hedge funds own 87.52% of the company’s stock.

APD opened at $197.10 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.03 and a current ratio of 2.21. Air Products & Chemicals, Inc. has a twelve month low of $148.44 and a twelve month high of $197.33. The stock has a market capitalization of $42.59 billion, a PE ratio of 26.46, a PEG ratio of 1.82 and a beta of 0.82.

Air Products & Chemicals (NYSE:APD) last posted its earnings results on Friday, January 25th. The basic materials company reported $1.86 earnings per share for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the previous year, the company posted $1.79 EPS. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. Analysts expect that Air Products & Chemicals, Inc. will post 8.18 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, April 1st will be issued a $1.16 dividend. This is a positive change from Air Products & Chemicals’s previous quarterly dividend of $1.10. The ex-dividend date is Friday, March 29th. This represents a $4.64 annualized dividend and a dividend yield of 2.35%. Air Products & Chemicals’s dividend payout ratio is presently 62.28%.

Several equities research analysts have issued reports on APD shares. Bank of America lowered shares of Air Products & Chemicals from a “neutral” rating to an “underperform” rating and set a $170.00 price target on the stock. in a report 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 price target on the stock in a report on Tuesday, January 8th. Credit Suisse Group boosted their price target on shares of Air Products & Chemicals from $188.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. BMO Capital Markets boosted their price target on shares of Air Products & Chemicals from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Tuesday, April 9th. Finally, KeyCorp boosted their price target on shares of Air Products & Chemicals from $195.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, April 12th. One investment analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $194.20.

TRADEMARK VIOLATION WARNING: “New Mexico Educational Retirement Board Has $3.50 Million Stake in Air Products & Chemicals, Inc. (APD)” was originally posted by BBNS and is owned by of BBNS. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at https://baseballnewssource.com/2019/04/17/new-mexico-educational-retirement-board-has-3-50-million-stake-in-air-products-chemicals-inc-apd/3359200.html.

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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