Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 94.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,542 shares of the basic materials company’s stock after selling 102,928 shares during the quarter. SG Americas Securities LLC’s holdings in Air Products and Chemicals were worth $1,948,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of APD. Capital Research Global Investors raised its position in shares of Air Products and Chemicals by 62.3% in the 1st quarter. Capital Research Global Investors now owns 11,230,051 shares of the basic materials company’s stock valued at $2,720,704,000 after purchasing an additional 4,309,040 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Air Products and Chemicals by 4.2% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,062,859 shares of the basic materials company’s stock valued at $790,371,000 after acquiring an additional 122,676 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Air Products and Chemicals by 127.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,792,470 shares of the basic materials company’s stock valued at $720,597,000 after acquiring an additional 1,564,169 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Air Products and Chemicals by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,034,818 shares of the basic materials company’s stock worth $525,085,000 after acquiring an additional 5,140 shares in the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of Air Products and Chemicals by 25.2% in the 2nd quarter. Clearbridge Investments LLC now owns 1,936,582 shares of the basic materials company’s stock worth $499,735,000 after purchasing an additional 389,380 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

APD has been the subject of a number of research reports. Wells Fargo & Company lifted their price target on Air Products and Chemicals from $240.00 to $280.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Citigroup raised their price objective on Air Products and Chemicals from $330.00 to $345.00 and gave the stock a “buy” rating in a research note on Monday. BMO Capital Markets boosted their target price on shares of Air Products and Chemicals from $300.00 to $323.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. UBS Group boosted their price objective on shares of Air Products and Chemicals from $276.00 to $281.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Finally, The Goldman Sachs Group raised their target price on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Air Products and Chemicals presently has an average rating of “Moderate Buy” and an average target price of $309.18.

Air Products and Chemicals Trading Down 0.7 %

NYSE:APD opened at $310.36 on Wednesday. The stock has a market cap of $68.99 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 3.89 and a beta of 0.82. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.27. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $313.00. The business has a fifty day moving average of $281.61 and a 200-day moving average of $263.79.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Thursday, August 1st. The basic materials company reported $3.20 EPS for the quarter, beating the consensus estimate of $3.04 by $0.16. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.04 billion. Equities analysts predict that Air Products and Chemicals, Inc. will post 12.33 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Tuesday, October 1st will be given a $1.77 dividend. The ex-dividend date is Tuesday, October 1st. This represents a $7.08 dividend on an annualized basis and a yield of 2.28%. Air Products and Chemicals’s dividend payout ratio (DPR) 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.