Air Products & Chemicals, Inc. (APD) Shares Sold by Independent Investors Inc.

Independent Investors Inc. trimmed its holdings in Air Products & Chemicals, Inc. (NYSE:APD) by 13.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,150 shares of the basic materials company’s stock after selling 344 shares during the quarter. Independent Investors Inc.’s holdings in Air Products & Chemicals were worth $344,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Abner Herrman & Brock LLC increased its position in Air Products & Chemicals by 7.3% in the fourth quarter. Abner Herrman & Brock LLC now owns 10,559 shares of the basic materials company’s stock worth $1,690,000 after purchasing an additional 714 shares during the period. Fenimore Asset Management Inc. increased its position in Air Products & Chemicals by 10.4% in the fourth quarter. Fenimore Asset Management Inc. now owns 408,495 shares of the basic materials company’s stock worth $65,380,000 after purchasing an additional 38,347 shares during the period. Mitchell Mcleod Pugh & Williams Inc. grew its position in shares of Air Products & Chemicals by 9.4% during the 4th quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,664 shares of the basic materials company’s stock worth $426,000 after buying an additional 230 shares during the period. State of Alaska Department of Revenue grew its position in shares of Air Products & Chemicals by 1.3% during the 4th quarter. State of Alaska Department of Revenue now owns 37,184 shares of the basic materials company’s stock worth $5,949,000 after buying an additional 482 shares during the period. Finally, Cerebellum GP LLC grew its position in shares of Air Products & Chemicals by 9.3% during the 4th quarter. Cerebellum GP LLC now owns 1,178 shares of the basic materials company’s stock worth $189,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 86.03% of the company’s stock.

In other Air Products & Chemicals news, Chairman Seifi Ghasemi acquired 20,000 shares of the business’s stock in a transaction dated Monday, November 12th. The shares were acquired at an average price of $160.11 per share, for a total transaction of $3,202,200.00. Following the acquisition, the chairman now directly owns 408,652 shares of the company’s stock, valued at approximately $65,429,271.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.35% of the company’s stock.

Air Products & Chemicals stock opened at $156.79 on Monday. The stock has a market cap of $34.42 billion, a PE ratio of 21.05, a P/E/G ratio of 1.49 and a beta of 0.93. Air Products & Chemicals, Inc. has a 1 year low of $148.44 and a 1 year high of $175.17. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.17 and a quick ratio of 2.00.

Air Products & Chemicals (NYSE:APD) last released its quarterly earnings data on Tuesday, November 6th. The basic materials company reported $2.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.01. Air Products & Chemicals had a return on equity of 15.30% and a net margin of 16.77%. The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter in the previous year, the business posted $1.76 EPS. Air Products & Chemicals’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities analysts forecast that Air Products & Chemicals, Inc. will post 8.17 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 11th. Stockholders of record on Wednesday, January 2nd will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Monday, December 31st. Air Products & Chemicals’s dividend payout ratio (DPR) is presently 59.06%.

Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered Air Products & Chemicals from a “buy” rating to a “hold” rating in a research report on Wednesday, January 9th. ValuEngine upgraded Air Products & Chemicals from a “hold” rating to a “buy” rating in a research report on Friday, November 16th. Bank of America lowered Air Products & Chemicals from a “neutral” rating to an “underperform” rating and set a $170.00 target price for the company. in a research report on Tuesday, January 8th. They noted that the move was a valuation call. Sanford C. Bernstein assumed coverage on Air Products & Chemicals in a research report on Monday, September 24th. They set an “outperform” rating and a $202.00 target price for the company. Finally, BMO Capital Markets set a $200.00 target price on Air Products & Chemicals and gave the stock a “buy” rating in a research report on Thursday, November 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $188.54.

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About Air Products & Chemicals

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

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

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