Davis R M Inc. Sells 152 Shares of Air Products & Chemicals, Inc. (NYSE:APD)

Davis R M Inc. decreased its stake in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 3.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,999 shares of the basic materials company’s stock after selling 152 shares during the period. Davis R M Inc.’s holdings in Air Products & Chemicals were worth $764,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Air Products & Chemicals by 27.5% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 41,709 shares of the basic materials company’s stock valued at $7,965,000 after purchasing an additional 8,993 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Air Products & Chemicals by 6.0% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 29,539 shares of the basic materials company’s stock valued at $5,641,000 after acquiring an additional 1,670 shares during the period. Securian Asset Management Inc grew its position in Air Products & Chemicals by 0.7% during the first quarter. Securian Asset Management Inc now owns 22,988 shares of the basic materials company’s stock valued at $4,390,000 after acquiring an additional 149 shares during the period. Farmers & Merchants Investments Inc. grew its position in Air Products & Chemicals by 1.2% during the first quarter. Farmers & Merchants Investments Inc. now owns 62,375 shares of the basic materials company’s stock valued at $11,911,000 after acquiring an additional 738 shares during the period. Finally, FTB Advisors Inc. grew its position in Air Products & Chemicals by 34.5% during the first quarter. FTB Advisors Inc. now owns 320 shares of the basic materials company’s stock valued at $60,000 after acquiring an additional 82 shares during the period. 87.41% of the stock is owned by institutional investors.

Shares of APD traded down $0.72 during midday trading on Wednesday, reaching $206.26. 899,364 shares of the company were exchanged, compared to its average volume of 1,171,954. The stock has a market cap of $46.21 billion, a PE ratio of 27.69, a P/E/G ratio of 2.17 and a beta of 0.83. Air Products & Chemicals, Inc. has a 1-year low of $148.44 and a 1-year high of $210.15. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.36 and a quick ratio of 2.16.

Air Products & Chemicals (NYSE:APD) last issued its quarterly earnings data on Wednesday, April 24th. The basic materials company reported $1.92 EPS for the quarter, topping the Zacks’ consensus estimate of $1.88 by $0.04. The company had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.23 billion. Air Products & Chemicals had a return on equity of 15.28% and a net margin of 18.90%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.71 earnings per share. On average, research analysts anticipate that Air Products & Chemicals, Inc. will post 8.22 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 12th. Shareholders of record on Monday, July 1st will be paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Friday, June 28th. Air Products & Chemicals’s dividend payout ratio is presently 62.28%.

In related news, VP Russell A. Flugel sold 2,970 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $207.01, for a total value of $614,819.70. Following the transaction, the vice president now owns 6,387 shares in the company, valued at $1,322,172.87. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.35% of the company’s stock.

APD has been the subject of a number of research reports. Zacks Investment Research downgraded Air Products & Chemicals from a “hold” rating to a “sell” rating in a research report on Wednesday, April 17th. Credit Suisse Group boosted their price target on Air Products & Chemicals from $188.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. KeyCorp boosted their price target on Air Products & Chemicals from $195.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. BMO Capital Markets boosted their price target on 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, JPMorgan Chase & Co. boosted their price target on Air Products & Chemicals from $167.00 to $207.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company’s stock. Air Products & Chemicals currently has a consensus rating of “Buy” and a consensus target price of $211.50.

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Air Products & Chemicals 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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