Eqis Capital Management Inc. Trims Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Eqis Capital Management Inc. cut its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 6.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,655 shares of the basic materials company’s stock after selling 194 shares during the period. Eqis Capital Management Inc.’s holdings in Air Products and Chemicals were worth $791,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new stake in Air Products and Chemicals during the 3rd quarter valued at approximately $29,000. Crewe Advisors LLC purchased a new position in shares of Air Products and Chemicals during the 3rd quarter worth approximately $31,000. Emerald Advisers LLC purchased a new position in shares of Air Products and Chemicals during the 3rd quarter worth approximately $33,000. Evolution Wealth Advisors LLC raised its stake in shares of Air Products and Chemicals by 56.9% during the 3rd quarter. Evolution Wealth Advisors LLC now owns 113 shares of the basic materials company’s stock worth $34,000 after buying an additional 41 shares in the last quarter. Finally, Newfound Research LLC purchased a new position in shares of Air Products and Chemicals during the 3rd quarter worth approximately $36,000. 79.57% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:APD opened at $270.48 on Friday. The business’s fifty day moving average price is $289.99 and its two-hundred day moving average price is $273.13. The stock has a market cap of $59.75 billion, a PE ratio of 31.86, a price-to-earnings-growth ratio of 3.37 and a beta of 0.86. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.43 and a current ratio of 3.59. Air Products and Chemicals, Inc. has a one year low of $167.43 and a one year high of $327.89.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Monday, November 16th. The basic materials company reported $2.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.02). Air Products and Chemicals had a return on equity of 15.48% and a net margin of 21.30%. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter last year, the business earned $2.27 EPS. Air Products and Chemicals’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, equities research analysts predict that Air Products and Chemicals, Inc. will post 9.12 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 8th. Stockholders of record on Monday, January 4th will be issued a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Thursday, December 31st. Air Products and Chemicals’s dividend payout ratio (DPR) is 63.96%.

A number of equities analysts have recently issued reports on APD shares. Credit Suisse Group cut their target price on Air Products and Chemicals from $317.00 to $305.00 and set an “outperform” rating for the company in a research note on Thursday, November 12th. Zacks Investment Research downgraded Air Products and Chemicals from a “buy” rating to a “hold” rating and set a $305.00 target price for the company. in a research note on Monday, September 28th. Wells Fargo & Company lowered their price target on Air Products and Chemicals from $340.00 to $320.00 and set an “overweight” rating on the stock in a report on Thursday, November 12th. Monness Crespi & Hardt cut Air Products and Chemicals from a “buy” rating to a “neutral” rating in a report on Friday, July 24th. Finally, BMO Capital Markets lowered their price target on Air Products and Chemicals from $364.00 to $340.00 and set an “outperform” rating on the stock in a report on Thursday, November 12th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Air Products and Chemicals has an average rating of “Buy” and an average price target of $287.87.

Air Products and Chemicals 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.

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

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