Air Products and Chemicals, Inc. (NYSE:APD) Shares Bought by Trexquant Investment LP

Trexquant Investment LP raised its stake in Air Products and Chemicals, Inc. (NYSE:APDFree Report) by 376.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,733 shares of the basic materials company’s stock after acquiring an additional 14,804 shares during the quarter. Trexquant Investment LP’s holdings in Air Products and Chemicals were worth $5,129,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in APD. WealthPlan Investment Management LLC grew its position in Air Products and Chemicals by 3,439.9% during the third quarter. WealthPlan Investment Management LLC now owns 23,045 shares of the basic materials company’s stock valued at $6,531,000 after acquiring an additional 22,394 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in shares of Air Products and Chemicals by 15.1% in the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,203 shares of the basic materials company’s stock worth $341,000 after buying an additional 158 shares during the period. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of Air Products and Chemicals in the third quarter worth about $243,000. Larson Financial Group LLC boosted its position in shares of Air Products and Chemicals by 620.0% in the third quarter. Larson Financial Group LLC now owns 396 shares of the basic materials company’s stock worth $112,000 after buying an additional 341 shares during the period. Finally, US Bancorp DE boosted its position in shares of Air Products and Chemicals by 1.2% in the third quarter. US Bancorp DE now owns 121,816 shares of the basic materials company’s stock worth $34,523,000 after buying an additional 1,402 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $264.69 on Thursday. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $307.71. The stock has a fifty day moving average of $242.18 and a 200-day moving average of $251.53. The company has a market capitalization of $58.84 billion, a PE ratio of 23.89, a price-to-earnings-growth ratio of 2.87 and a beta of 0.80. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.31 and a current ratio of 1.49.

Air Products and Chemicals (NYSE:APDGet Free Report) last released its earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $0.15. Air Products and Chemicals had a return on equity of 16.56% and a net margin of 20.32%. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the prior year, the company earned $2.74 earnings per share. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. As a group, equities analysts anticipate that Air Products and Chemicals, Inc. will post 12.3 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 12th. Investors of record on Monday, July 1st will be issued a dividend of $1.77 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $7.08 annualized dividend and a dividend yield of 2.67%. Air Products and Chemicals’s dividend payout ratio is 63.90%.

Analyst Ratings Changes

APD has been the topic of several recent analyst reports. Bank of America boosted their price target on Air Products and Chemicals from $272.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. UBS Group cut Air Products and Chemicals from a “buy” rating to a “neutral” rating and cut their price target for the stock from $328.00 to $241.00 in a research note on Thursday, February 8th. TD Cowen upped their price objective on Air Products and Chemicals from $305.00 to $320.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Wells Fargo & Company cut Air Products and Chemicals from an “overweight” rating to an “equal weight” rating in a research note on Monday, February 5th. Finally, Argus cut Air Products and Chemicals from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $273.77.

View Our Latest Report on APD

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.

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

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