Allianz SE Has $665,000 Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Key Points

• Allianz SE increased its stake in Air Products and Chemicals, Inc. by 189.1% in the 1st quarter, holding shares worth $665,000 after purchasing an additional 1,475 shares.
• The company reported $3.09 EPS for the last quarter, exceeding analyst expectations, with revenue of $3.02 billion.
• A quarterly dividend of $1.79 will be paid on November 10th, marking a significant payout ratio of 103.02%.

Allianz SE increased its holdings in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 189.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,255 shares of the basic materials company's stock after buying an additional 1,475 shares during the quarter. Allianz SE's holdings in Air Products and Chemicals were worth $665,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of Air Products and Chemicals by 14.5% in the 4th quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company's stock worth $945,000 after purchasing an additional 412 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Air Products and Chemicals by 36.6% during the fourth quarter. Wellington Management Group LLP now owns 8,775 shares of the basic materials company's stock worth $2,545,000 after purchasing an additional 2,352 shares during the period. Trexquant Investment LP purchased a new stake in Air Products and Chemicals during the fourth quarter valued at about $722,000. Resona Asset Management Co. Ltd. purchased a new stake in shares of Air Products and Chemicals in the 4th quarter valued at approximately $20,636,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Air Products and Chemicals during the 4th quarter valued at $513,000. Institutional investors and hedge funds own 81.66% of the company's stock.

Air Products and Chemicals Price Performance

APD stock traded down $3.29 during trading on Wednesday, hitting $289.19. The company had a trading volume of 560,633 shares, compared to its average volume of 971,681. The company has a fifty day moving average price of $285.75 and a two-hundred day moving average price of $290.01. Air Products and Chemicals, Inc. has a fifty-two week low of $243.69 and a fifty-two week high of $341.14. The company has a market cap of $64.36 billion, a P/E ratio of 41.61, a P/E/G ratio of 6.53 and a beta of 0.81. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.10. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.95 billion. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. The firm's quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm posted $3.20 EPS. Equities research analysts expect that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Wednesday, October 1st will be paid a $1.79 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.5%. Air Products and Chemicals's dividend payout ratio (DPR) is 103.02%.

Insider Buying and Selling at Air Products and Chemicals

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of the firm's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $292.38, for a total value of $397,344.42. Following the completion of the sale, the vice president owned 8,686 shares in the company, valued at approximately $2,539,612.68. This trade represents a 13.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.41% of the company's stock.

Analyst Ratings Changes

APD has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Air Products and Chemicals from a "sell" rating to a "hold" rating in a research report on Saturday. Bank of America downgraded Air Products and Chemicals from a "neutral" rating to an "underperform" rating and dropped their price objective for the stock from $330.00 to $282.00 in a report on Tuesday, April 15th. Mizuho raised their price target on shares of Air Products and Chemicals from $310.00 to $325.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Morgan Stanley assumed coverage on Air Products and Chemicals in a research report on Thursday, May 29th. They issued an "equal weight" rating and a $290.00 price target for the company. Finally, UBS Group boosted 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, July 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $335.07.

Air Products and Chemicals Profile

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.