Caxton Associates LP Has $3.51 Million Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Caxton Associates LP lowered its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 30.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,500 shares of the basic materials company’s stock after selling 10,500 shares during the period. Caxton Associates LP’s holdings in Air Products and Chemicals were worth $3,505,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of APD. Vanguard Group Inc. boosted its stake in Air Products and Chemicals by 3.6% in the second quarter. Vanguard Group Inc. now owns 17,493,224 shares of the basic materials company’s stock valued at $2,502,580,000 after acquiring an additional 604,454 shares during the last quarter. BlackRock Inc. boosted its stake in Air Products and Chemicals by 8.0% in the second quarter. BlackRock Inc. now owns 15,281,219 shares of the basic materials company’s stock valued at $2,186,132,000 after acquiring an additional 1,131,879 shares during the last quarter. State Street Corp boosted its stake in Air Products and Chemicals by 2.8% in the second quarter. State Street Corp now owns 10,590,428 shares of the basic materials company’s stock valued at $1,515,127,000 after acquiring an additional 291,150 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Air Products and Chemicals by 6.8% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,651,446 shares of the basic materials company’s stock valued at $1,305,744,000 after acquiring an additional 611,672 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Air Products and Chemicals by 13.4% in the second quarter. Principal Financial Group Inc. now owns 3,541,101 shares of the basic materials company’s stock valued at $506,589,000 after acquiring an additional 419,593 shares during the last quarter. 87.87% of the stock is owned by institutional investors and hedge funds.

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A number of equities analysts have issued reports on the stock. Barclays PLC reaffirmed a “buy” rating and issued a $170.00 price objective on shares of Air Products and Chemicals in a research note on Friday, August 4th. UBS AG raised shares of Air Products and Chemicals from a “neutral” rating to a “positive” rating in a research report on Wednesday, September 13th. Argus lifted their price target on shares of Air Products and Chemicals from $159.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, August 28th. Vertical Research raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 price target on the stock in a research report on Monday, August 7th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $155.00 price target on shares of Air Products and Chemicals in a research report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $157.15.

Shares of Air Products and Chemicals, Inc. (NYSE:APD) traded down 0.07% during midday trading on Tuesday, reaching $153.12. 166,872 shares of the company’s stock traded hands. Air Products and Chemicals, Inc. has a 52-week low of $129.00 and a 52-week high of $154.41. The company has a 50 day moving average of $149.84 and a 200 day moving average of $144.83. The firm has a market cap of $33.37 billion, a PE ratio of 11.50 and a beta of 1.26.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.06. Air Products and Chemicals had a return on equity of 17.23% and a net margin of 34.63%. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the prior year, the company posted $1.92 EPS. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, equities analysts predict that Air Products and Chemicals, Inc. will post $6.23 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Tuesday, October 10th will be paid a $0.95 dividend. The ex-dividend date is Friday, October 6th. This represents a $3.80 annualized dividend and a yield of 2.48%. Air Products and Chemicals’s payout ratio is 28.51%.

About Air Products and Chemicals

Air Products and Chemicals, Inc, is an industrial gases company. The Company’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. The Company is also a supplier of liquefied natural gas process technology and equipment.

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

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