Sumitomo Mitsui Trust Holdings Inc. cut its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 6.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 634,314 shares of the basic materials company’s stock after selling 41,186 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.29% of Air Products and Chemicals worth $95,921,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of APD. Patten Group Inc. increased its position in shares of Air Products and Chemicals by 3.7% during the first quarter. Patten Group Inc. now owns 778 shares of the basic materials company’s stock worth $105,000 after buying an additional 28 shares during the period. IMS Capital Management acquired a new stake in shares of Air Products and Chemicals during the second quarter worth $129,000. Armbruster Capital Management Inc. increased its position in shares of Air Products and Chemicals by 13.5% during the second quarter. Armbruster Capital Management Inc. now owns 908 shares of the basic materials company’s stock worth $130,000 after buying an additional 108 shares during the period. Hanson & Doremus Investment Management increased its position in shares of Air Products and Chemicals by 8.8% during the second quarter. Hanson & Doremus Investment Management now owns 931 shares of the basic materials company’s stock worth $133,000 after buying an additional 75 shares during the period. Finally, State of Alaska Department of Revenue increased its position in shares of Air Products and Chemicals by 25.9% during the second quarter. State of Alaska Department of Revenue now owns 1,020 shares of the basic materials company’s stock worth $145,000 after buying an additional 210 shares during the period. Institutional investors own 88.58% of the company’s stock.

Air Products and Chemicals, Inc. (NYSE:APD) traded up $0.32 during trading on Friday, hitting $161.18. 1,206,000 shares of the company’s stock were exchanged, compared to its average volume of 1,328,963. Air Products and Chemicals, Inc. has a 12-month low of $133.63 and a 12-month high of $163.56. The company has a market capitalization of $35,130.00, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 1.89 and a beta of 1.24. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.36 and a quick ratio of 2.23.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Thursday, October 26th. The basic materials company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.08. Air Products and Chemicals had a net margin of 36.65% and a return on equity of 15.25%. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same period last year, the firm earned $2.01 earnings per share. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. sell-side analysts forecast that Air Products and Chemicals, Inc. will post 7 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Shareholders of record on Tuesday, January 2nd will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Friday, December 29th. Air Products and Chemicals’s dividend payout ratio (DPR) is 73.64%.

APD has been the subject of several recent analyst reports. Barclays PLC reiterated a “buy” rating and set a $170.00 price objective on shares of Air Products and Chemicals in a research report on Friday, August 4th. KeyCorp reiterated a “buy” rating and set a $161.00 price objective on shares of Air Products and Chemicals in a research report on Friday, September 8th. Argus increased their price objective on shares of Air Products and Chemicals from $159.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, August 28th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $175.00 price objective on shares of Air Products and Chemicals in a research report on Friday, October 27th. Finally, Citigroup Inc. increased their target price on shares of Air Products and Chemicals from $172.30 to $185.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $164.80.

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Air Products and Chemicals Profile

Air Products and Chemicals, Inc, is an industrial gases company. The Company’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. The Company is also a supplier of liquefied natural gas process technology and equipment.

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

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