Sabal Trust CO Sells 2,333 Shares of Air Products & Chemicals, Inc. (APD)

Sabal Trust CO trimmed its holdings in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 1.4% in the fourth quarter, HoldingsChannel reports. The firm owned 161,879 shares of the basic materials company’s stock after selling 2,333 shares during the period. Air Products & Chemicals makes up about 2.7% of Sabal Trust CO’s portfolio, making the stock its 18th biggest holding. Sabal Trust CO’s holdings in Air Products & Chemicals were worth $26,560,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Fenimore Asset Management Inc. increased its stake in shares of Air Products & Chemicals by 0.7% during the 4th quarter. Fenimore Asset Management Inc. now owns 330,882 shares of the basic materials company’s stock worth $54,291,000 after purchasing an additional 2,162 shares in the last quarter. Glenview Trust Co grew its stake in Air Products & Chemicals by 5.6% in the 4th quarter. Glenview Trust Co now owns 7,605 shares of the basic materials company’s stock worth $1,248,000 after acquiring an additional 400 shares during the period. California Public Employees Retirement System grew its stake in Air Products & Chemicals by 1.3% in the 4th quarter. California Public Employees Retirement System now owns 503,587 shares of the basic materials company’s stock worth $82,629,000 after acquiring an additional 6,467 shares during the period. M&T Bank Corp grew its stake in Air Products & Chemicals by 0.4% in the 4th quarter. M&T Bank Corp now owns 180,844 shares of the basic materials company’s stock worth $29,672,000 after acquiring an additional 654 shares during the period. Finally, Sarasin & Partners LLP grew its stake in Air Products & Chemicals by 2.9% in the 4th quarter. Sarasin & Partners LLP now owns 880,851 shares of the basic materials company’s stock worth $144,530,000 after acquiring an additional 24,554 shares during the period. 88.01% of the stock is owned by institutional investors and hedge funds.

Several analysts have commented on the stock. JPMorgan Chase & Co. cut shares of Air Products & Chemicals from an “overweight” rating to a “neutral” rating and set a $170.00 target price for the company. in a research note on Monday, January 29th. Monness Crespi & Hardt lifted their target price on shares of Air Products & Chemicals from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Credit Suisse Group set a $181.00 target price on shares of Air Products & Chemicals and gave the stock a “buy” rating in a research note on Monday, January 29th. Jefferies Group reaffirmed a “buy” rating and issued a $195.00 target price on shares of Air Products & Chemicals in a research note on Monday, January 29th. Finally, Seaport Global Securities reaffirmed a “buy” rating and issued a $185.00 target price on shares of Air Products & Chemicals in a research note on Monday, January 29th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $175.38.

Air Products & Chemicals, Inc. (APD) opened at $155.55 on Friday. The firm has a market cap of $34,638.39, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of 1.54 and a beta of 1.22. Air Products & Chemicals, Inc. has a 1-year low of $133.63 and a 1-year high of $175.17. The company has a quick ratio of 2.73, a current ratio of 2.92 and a debt-to-equity ratio of 0.33.

Air Products & Chemicals (NYSE:APD) last announced its quarterly earnings results on Friday, January 26th. The basic materials company reported $1.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.66 by $0.13. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.12 billion. Air Products & Chemicals had a net margin of 33.51% and a return on equity of 14.80%. Air Products & Chemicals’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter last year, the business earned $1.47 EPS. equities research analysts expect that Air Products & Chemicals, Inc. will post 7.32 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 14th. Shareholders of record on Monday, April 2nd will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Thursday, March 29th. This is a positive change from Air Products & Chemicals’s previous quarterly dividend of $0.95. Air Products & Chemicals’s dividend payout ratio (DPR) is 29.25%.

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Air Products & Chemicals Profile

Air Products and Chemicals, Inc, is an industrial gases company. The Company’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. The Company is also a supplier of liquefied natural gas process technology and equipment.

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

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