Dupont Capital Management Corp lowered its position in Air Products & Chemicals, Inc. (NYSE:APD) by 18.5% in the 4th quarter, Holdings Channel reports. The firm owned 1,914 shares of the basic materials company’s stock after selling 435 shares during the period. Dupont Capital Management Corp’s holdings in Air Products & Chemicals were worth $314,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in APD. Findlay Park Partners LLP purchased a new stake in shares of Air Products & Chemicals in the third quarter valued at about $362,928,000. First Eagle Investment Management LLC raised its holdings in shares of Air Products & Chemicals by 80.2% in the third quarter. First Eagle Investment Management LLC now owns 2,313,812 shares of the basic materials company’s stock valued at $349,895,000 after purchasing an additional 1,029,451 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of Air Products & Chemicals by 239.8% in the third quarter. Prudential Financial Inc. now owns 1,071,131 shares of the basic materials company’s stock valued at $161,977,000 after purchasing an additional 755,930 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Air Products & Chemicals by 17.6% in the third quarter. Principal Financial Group Inc. now owns 4,165,311 shares of the basic materials company’s stock valued at $629,878,000 after purchasing an additional 624,210 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of Air Products & Chemicals by 14,720.5% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 413,046 shares of the basic materials company’s stock valued at $62,461,000 after purchasing an additional 410,259 shares during the last quarter. Institutional investors own 88.01% of the company’s stock.

Several analysts have recently commented on the stock. JPMorgan Chase & Co. downgraded shares of Air Products & Chemicals from an “overweight” rating to a “neutral” rating and set a $170.00 target price for the company. in a report on Monday, January 29th. Monness Crespi & Hardt increased their target price on shares of Air Products & Chemicals from $180.00 to $190.00 and gave the company a “buy” rating in a report on Monday, January 29th. Credit Suisse Group set a $181.00 target price on shares of Air Products & Chemicals and gave the company a “buy” rating in a report on Monday, January 29th. Jefferies Group reiterated a “buy” rating and issued a $195.00 target price on shares of Air Products & Chemicals in a report on Monday, January 29th. Finally, Seaport Global Securities reiterated a “buy” rating and issued a $185.00 target price on shares of Air Products & Chemicals in a report on Monday, January 29th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $175.38.

Shares of Air Products & Chemicals, Inc. (NYSE APD) opened at $158.09 on Friday. Air Products & Chemicals, Inc. has a 1-year low of $133.63 and a 1-year high of $175.17. The company has a current ratio of 2.92, a quick ratio of 2.73 and a debt-to-equity ratio of 0.33. The stock has a market cap of $34,612.07, a PE ratio of 23.84, a P/E/G ratio of 1.54 and a beta of 1.22.

Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings data on Friday, January 26th. The basic materials company reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.13. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.12 billion. Air Products & Chemicals had a net margin of 33.51% and a return on equity of 14.80%. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.47 earnings per share. analysts forecast that Air Products & Chemicals, Inc. will post 7.32 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 14th. Stockholders of record on Monday, April 2nd will be paid a $1.10 dividend. This is an increase from Air Products & Chemicals’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, March 29th. This represents a $4.40 annualized dividend and a dividend yield of 2.78%. Air Products & Chemicals’s dividend payout ratio (DPR) is presently 29.25%.

TRADEMARK VIOLATION NOTICE: “Dupont Capital Management Corp Has $314,000 Stake in Air Products & Chemicals, Inc. (APD)” was originally reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this report on another website, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this report can be read at https://theolympiareport.com/2018/02/11/dupont-capital-management-corp-has-314000-stake-in-air-products-chemicals-inc-apd.html.

Air Products & Chemicals Company 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.

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

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