Fifth Third Bancorp Has $43.28 Million Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Fifth Third Bancorp lessened its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 2.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 146,748 shares of the basic materials company's stock after selling 3,431 shares during the period. Fifth Third Bancorp owned 0.07% of Air Products and Chemicals worth $43,279,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Simon Quick Advisors LLC raised its holdings in Air Products and Chemicals by 21.7% in the 1st quarter. Simon Quick Advisors LLC now owns 1,216 shares of the basic materials company's stock worth $359,000 after acquiring an additional 217 shares during the period. Alpha Omega Wealth Management LLC grew its holdings in Air Products and Chemicals by 2.3% in the 1st quarter. Alpha Omega Wealth Management LLC now owns 3,494 shares of the basic materials company's stock valued at $1,030,000 after buying an additional 77 shares during the last quarter. McKinley Carter Wealth Services Inc. increased its position in Air Products and Chemicals by 2.3% in the 1st quarter. McKinley Carter Wealth Services Inc. now owns 7,951 shares of the basic materials company's stock worth $2,345,000 after buying an additional 179 shares during the period. Bard Financial Services Inc. lifted its holdings in shares of Air Products and Chemicals by 2.1% during the first quarter. Bard Financial Services Inc. now owns 9,700 shares of the basic materials company's stock worth $2,861,000 after buying an additional 200 shares during the last quarter. Finally, Curbstone Financial Management Corp grew its stake in shares of Air Products and Chemicals by 23.1% in the first quarter. Curbstone Financial Management Corp now owns 2,130 shares of the basic materials company's stock worth $628,000 after acquiring an additional 400 shares during the last quarter. Institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Price Performance

Shares of NYSE:APD traded up $0.12 during trading on Monday, reaching $280.49. The stock had a trading volume of 889,365 shares, compared to its average volume of 1,425,941. The stock has a market capitalization of $62.42 billion, a PE ratio of 16.29, a P/E/G ratio of 3.07 and a beta of 0.86. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.11 and a quick ratio of 0.96. Air Products and Chemicals, Inc. has a 52 week low of $243.69 and a 52 week high of $341.14. The business's 50-day moving average price is $272.36 and its 200 day moving average price is $293.51.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted its quarterly earnings data 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 return on equity of 15.78% and a net margin of 31.88%. The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the firm posted $2.85 EPS. Air Products and Chemicals's revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities analysts predict that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 11th. Stockholders of record on Tuesday, July 1st will be paid a dividend of $1.79 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $7.16 annualized dividend and a dividend yield of 2.55%. Air Products and Chemicals's dividend payout ratio (DPR) is currently 104.07%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Royal Bank of Canada assumed coverage on shares of Air Products and Chemicals in a report on Friday. They issued an "outperform" rating and a $355.00 price target for the company. Wells Fargo & Company reduced their target price on shares of Air Products and Chemicals from $365.00 to $320.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Morgan Stanley initiated coverage on Air Products and Chemicals in a research report on Thursday, May 29th. They set an "equal weight" rating and a $290.00 target price on the stock. UBS Group cut their price target on Air Products and Chemicals from $335.00 to $324.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, Citigroup decreased their price objective on Air Products and Chemicals from $373.00 to $345.00 and set a "buy" rating on the stock in a report on Tuesday, March 25th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Air Products and Chemicals presently has an average rating of "Moderate Buy" and a consensus target price of $332.41.

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.