Aurdan Capital Management LLC Has $4.03 Million Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Aurdan Capital Management LLC trimmed its stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 11.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,675 shares of the basic materials company's stock after selling 1,810 shares during the period. Air Products and Chemicals comprises about 1.5% of Aurdan Capital Management LLC's investment portfolio, making the stock its 17th largest position. Aurdan Capital Management LLC's holdings in Air Products and Chemicals were worth $4,033,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of APD. Mantle Ridge LP bought a new stake in shares of Air Products and Chemicals during the fourth quarter worth $1,191,344,000. Norges Bank acquired a new position in shares of Air Products and Chemicals during the fourth quarter valued at $919,721,000. Bank of America Corp DE lifted its stake in shares of Air Products and Chemicals by 129.4% during the fourth quarter. Bank of America Corp DE now owns 5,429,147 shares of the basic materials company's stock valued at $1,574,670,000 after acquiring an additional 3,062,157 shares during the period. Capital International Investors acquired a new position in shares of Air Products and Chemicals during the fourth quarter valued at $436,636,000. Finally, GAMMA Investing LLC lifted its stake in shares of Air Products and Chemicals by 31,752.0% during the first quarter. GAMMA Investing LLC now owns 1,249,871 shares of the basic materials company's stock valued at $368,612,000 after acquiring an additional 1,245,947 shares during the period. 81.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

APD has been the topic of several research reports. Royal Bank Of Canada initiated coverage on Air Products and Chemicals in a research note on Friday, June 13th. They set an "outperform" rating and a $355.00 price target on the stock. Morgan Stanley initiated coverage on Air Products and Chemicals in a research note on Thursday, May 29th. They set an "equal weight" rating and a $290.00 price target on the stock. UBS Group upped their price target on Air Products and Chemicals from $328.00 to $344.00 and gave the company a "buy" rating in a research note on Wednesday. Wells Fargo & Company cut their price target on Air Products and Chemicals from $365.00 to $320.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Finally, Bank of America lowered Air Products and Chemicals from a "neutral" rating to an "underperform" rating and cut their price target for the company from $330.00 to $282.00 in a research note on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $332.12.

Air Products and Chemicals Stock Down 0.7%

Shares of NYSE:APD traded down $1.98 during trading on Friday, hitting $292.13. 1,042,263 shares of the company's stock traded hands, compared to its average volume of 1,360,700. Air Products and Chemicals, Inc. has a 52 week low of $243.69 and a 52 week high of $341.14. The company has a current ratio of 1.00, a quick ratio of 0.85 and a debt-to-equity ratio of 0.85. The company has a market cap of $65.01 billion, a price-to-earnings ratio of 42.46, a price-to-earnings-growth ratio of 5.64 and a beta of 0.85. The company has a 50-day moving average price of $278.81 and a 200-day moving average price of $290.26.

Air Products and Chemicals (NYSE:APD - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The basic materials company reported $2.69 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the firm earned $2.85 EPS. The company's revenue for the quarter was down .5% on a year-over-year basis. As a group, research analysts forecast that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 11th. Investors of record on Tuesday, July 1st will be given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a 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%.

Air Products and Chemicals Company 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.