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Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by DekaBank Deutsche Girozentrale

Air Products and Chemicals logo with Basic Materials background

DekaBank Deutsche Girozentrale lowered its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 2.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,472 shares of the basic materials company's stock after selling 1,024 shares during the period. DekaBank Deutsche Girozentrale's holdings in Air Products and Chemicals were worth $14,022,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Baker Avenue Asset Management LP grew its position in Air Products and Chemicals by 2.3% in the 4th quarter. Baker Avenue Asset Management LP now owns 1,540 shares of the basic materials company's stock valued at $447,000 after acquiring an additional 34 shares during the last quarter. Cyrus J. Lawrence LLC grew its position in Air Products and Chemicals by 1.0% in the 4th quarter. Cyrus J. Lawrence LLC now owns 3,597 shares of the basic materials company's stock valued at $1,043,000 after acquiring an additional 37 shares during the last quarter. CFO4Life Group LLC grew its position in Air Products and Chemicals by 3.9% in the 4th quarter. CFO4Life Group LLC now owns 1,022 shares of the basic materials company's stock valued at $297,000 after acquiring an additional 38 shares during the last quarter. West Branch Capital LLC grew its position in Air Products and Chemicals by 10.2% in the 1st quarter. West Branch Capital LLC now owns 421 shares of the basic materials company's stock valued at $124,000 after acquiring an additional 39 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. grew its position in Air Products and Chemicals by 1.6% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 2,499 shares of the basic materials company's stock valued at $737,000 after acquiring an additional 40 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

Air Products and Chemicals Stock Down 0.7%

Air Products and Chemicals stock traded down $1.98 during midday trading on Friday, reaching $292.13. The company's stock had a trading volume of 1,042,263 shares, compared to its average volume of 1,360,700. The stock's 50-day simple moving average is $278.52 and its 200-day simple moving average is $290.29. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.00 and a quick ratio of 0.85. Air Products and Chemicals, Inc. has a 52-week low of $243.69 and a 52-week high of $341.14. The stock has a market capitalization of $65.01 billion, a P/E ratio of 42.46, a PEG ratio of 5.64 and a beta of 0.85.

Air Products and Chemicals (NYSE:APD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported $2.69 EPS for the quarter, missing analysts' consensus estimates of $2.83 by ($0.14). Air Products and Chemicals had a net margin of 12.76% and a return on equity of 15.48%. The business had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.94 billion. During the same quarter last year, the business posted $2.85 earnings per share. The company's quarterly revenue was down .5% compared to the same quarter last year. On average, sell-side analysts expect that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 11th. Stockholders of record on Tuesday, July 1st will be issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Tuesday, July 1st. Air Products and Chemicals's dividend payout ratio is presently 104.07%.

Analysts Set New Price Targets

Several brokerages have commented on APD. Wells Fargo & Company cut their price objective on Air Products and Chemicals from $365.00 to $320.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Barclays cut their price objective on Air Products and Chemicals from $355.00 to $325.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Citigroup upped their target price on Air Products and Chemicals from $310.00 to $320.00 and gave the stock a "buy" rating in a report on Monday, June 30th. UBS Group upped their target price on Air Products and Chemicals from $328.00 to $344.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Morgan Stanley began coverage on Air Products and Chemicals in a report on Thursday, May 29th. They issued an "equal weight" rating and a $290.00 target price for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Air Products and Chemicals currently has an average rating of "Moderate Buy" and an average target price of $332.12.

View Our Latest Research Report on Air Products and Chemicals

Air Products and Chemicals Company Profile

(Free Report)

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.

Further Reading

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

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