Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,898 shares of the basic materials company’s stock after selling 838 shares during the period. Amalgamated Bank’s holdings in Air Products and Chemicals were worth $11,586,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Sachetta LLC purchased a new stake in shares of Air Products and Chemicals during the fourth quarter worth approximately $27,000. Security National Bank acquired a new stake in Air Products and Chemicals during the 4th quarter worth $27,000. Thompson Investment Management Inc. purchased a new stake in shares of Air Products and Chemicals during the first quarter worth $27,000. Transcendent Capital Group LLC acquired a new stake in shares of Air Products and Chemicals in the fourth quarter valued at about $28,000. Finally, Meeder Asset Management Inc. acquired a new position in Air Products and Chemicals during the second quarter worth about $32,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on APD. 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 research note on Monday, August 5th. Citigroup boosted their price objective on Air Products and Chemicals from $280.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. StockNews.com downgraded Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Friday, September 6th. Wells Fargo & Company boosted their price target on shares of Air Products and Chemicals from $240.00 to $280.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Bank of America raised their price objective on shares of Air Products and Chemicals from $275.00 to $312.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $297.40.

Air Products and Chemicals Stock Down 1.3 %

Shares of NYSE APD opened at $287.27 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.77. The firm has a market cap of $63.86 billion, a price-to-earnings ratio of 25.93, a PEG ratio of 3.70 and a beta of 0.81. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $301.03. The business’s 50 day moving average is $273.10 and its two-hundred day moving average is $258.99.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Thursday, August 1st. The basic materials company reported $3.20 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.16. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.04 billion. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. Research analysts predict that Air Products and Chemicals, Inc. will post 12.32 EPS for the current year.

Air Products and Chemicals Announces Dividend

The business 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 annualized dividend and a dividend yield of 2.46%. The ex-dividend date is Tuesday, October 1st. Air Products and Chemicals’s payout ratio is currently 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.