Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Oakview Capital Management L.P.

Oakview Capital Management L.P. cut its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 57.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,791 shares of the basic materials company’s stock after selling 19,741 shares during the quarter. Air Products and Chemicals comprises 12.0% of Oakview Capital Management L.P.’s portfolio, making the stock its 2nd biggest holding. Oakview Capital Management L.P.’s holdings in Air Products and Chemicals were worth $3,817,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Security National Bank bought a new stake in shares of Air Products and Chemicals during the fourth quarter worth approximately $27,000. Thompson Investment Management Inc. bought a new stake in Air Products and Chemicals in the 1st quarter valued at $27,000. Transcendent Capital Group LLC acquired a new position in Air Products and Chemicals in the 4th quarter valued at $28,000. Meeder Asset Management Inc. bought a new position in Air Products and Chemicals during the 2nd quarter worth $32,000. Finally, Hexagon Capital Partners LLC lifted its holdings in shares of Air Products and Chemicals by 2,250.0% during the first quarter. Hexagon Capital Partners LLC now owns 141 shares of the basic materials company’s stock worth $34,000 after buying an additional 135 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

APD has been the topic of several recent research reports. Barclays raised their target price on shares of Air Products and Chemicals from $290.00 to $295.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. The Goldman Sachs Group raised their price objective on Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. BMO Capital Markets upped their target price on Air Products and Chemicals from $300.00 to $323.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. UBS Group raised their price target on Air Products and Chemicals from $276.00 to $281.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Finally, Morgan Stanley boosted their price target on Air Products and Chemicals from $240.00 to $280.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Hold” and a consensus target price of $296.50.

Air Products and Chemicals Stock Performance

Shares of Air Products and Chemicals stock opened at $300.36 on Friday. The stock has a market cap of $66.77 billion, a price-to-earnings ratio of 27.11, a P/E/G ratio of 3.89 and a beta of 0.82. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $302.03. The company’s fifty day moving average is $277.35 and its 200 day moving average is $261.38. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.77.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, August 1st. The basic materials company reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $3.04 by $0.16. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.04 billion. Sell-side analysts forecast that Air Products and Chemicals, Inc. will post 12.33 EPS for the current year.

Air Products and Chemicals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Tuesday, October 1st will be paid a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Tuesday, October 1st. Air Products and Chemicals’s dividend payout ratio is 63.90%.

About Air Products and Chemicals

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.