Air Products & Chemicals, Inc. (NYSE:APD) Shares Sold by Culbertson A N & Co. Inc.

Culbertson A N & Co. Inc. decreased its stake in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,732 shares of the basic materials company’s stock after selling 735 shares during the period. Air Products & Chemicals makes up 1.5% of Culbertson A N & Co. Inc.’s portfolio, making the stock its 20th biggest position. Culbertson A N & Co. Inc.’s holdings in Air Products & Chemicals were worth $5,812,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in Air Products & Chemicals by 2.8% during the 2nd quarter. BlackRock Inc. now owns 16,830,640 shares of the basic materials company’s stock valued at $3,809,950,000 after buying an additional 454,016 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Air Products & Chemicals by 0.6% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 838,632 shares of the basic materials company’s stock worth $186,059,000 after purchasing an additional 5,296 shares during the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of Air Products & Chemicals by 2.4% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 717,688 shares of the basic materials company’s stock worth $159,226,000 after purchasing an additional 16,714 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Air Products & Chemicals by 7.1% in the 3rd quarter. First Trust Advisors LP now owns 564,453 shares of the basic materials company’s stock worth $125,230,000 after purchasing an additional 37,261 shares during the last quarter. Finally, Bristol John W & Co. Inc. NY grew its stake in shares of Air Products & Chemicals by 0.6% in the 3rd quarter. Bristol John W & Co. Inc. NY now owns 508,132 shares of the basic materials company’s stock worth $112,734,000 after purchasing an additional 3,244 shares during the last quarter. 83.61% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on APD shares. Berenberg Bank started coverage on shares of Air Products & Chemicals in a research note on Tuesday, November 26th. They issued a “hold” rating and a $241.00 price objective on the stock. Zacks Investment Research cut shares of Air Products & Chemicals from a “buy” rating to a “hold” rating and set a $243.00 price objective on the stock. in a research note on Friday, January 3rd. UBS Group lowered their price objective on shares of Air Products & Chemicals from $232.00 to $230.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Barclays lifted their price objective on shares of Air Products & Chemicals from $260.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Finally, Deutsche Bank lifted their price objective on shares of Air Products & Chemicals from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Monday. Thirteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Air Products & Chemicals currently has a consensus rating of “Hold” and an average target price of $245.06.

Shares of Air Products & Chemicals stock traded down $9.41 during trading on Monday, hitting $234.54. The stock had a trading volume of 863,604 shares, compared to its average volume of 1,084,496. The stock has a 50 day simple moving average of $233.45 and a 200 day simple moving average of $226.55. The company has a market capitalization of $53.79 billion, a PE ratio of 27.56, a P/E/G ratio of 2.09 and a beta of 0.85. The company has a quick ratio of 2.37, a current ratio of 2.59 and a debt-to-equity ratio of 0.27. Air Products & Chemicals, Inc. has a 1 year low of $158.00 and a 1 year high of $244.61.

Air Products & Chemicals (NYSE:APD) last released its earnings results on Friday, January 24th. The basic materials company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.06. The business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.29 billion. Air Products & Chemicals had a net margin of 21.10% and a return on equity of 16.20%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the firm posted $1.86 earnings per share. As a group, equities analysts expect that Air Products & Chemicals, Inc. will post 9.47 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Wednesday, April 1st will be given a $1.34 dividend. This is an increase from Air Products & Chemicals’s previous quarterly dividend of $1.16. This represents a $5.36 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Tuesday, March 31st. Air Products & Chemicals’s dividend payout ratio (DPR) is 56.52%.

Air Products & Chemicals Company Profile

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.

Featured Story: Book Value Per Share – BVPS

Want to see what other hedge funds are holding APD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Air Products & Chemicals, Inc. (NYSE:APD).

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

Receive News & Ratings for Air Products & Chemicals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Products & Chemicals and related companies with MarketBeat.com's FREE daily email newsletter.