Winfield Associates Inc. cut its position in Air Products and Chemicals, Inc. (NYSE:APD) by 1.6% during the third quarter, Holdings Channel reports. The fund owned 4,444 shares of the company’s stock after selling 73 shares during the period. Winfield Associates Inc.’s holdings in Air Products and Chemicals were worth $668,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of APD. Rehmann Capital Advisory Group boosted its position in shares of Air Products and Chemicals by 0.3% in the second quarter. Rehmann Capital Advisory Group now owns 2,757 shares of the company’s stock worth $392,000 after buying an additional 9 shares during the last quarter. Hudock Capital Group LLC boosted its position in shares of Air Products and Chemicals by 0.4% in the second quarter. Hudock Capital Group LLC now owns 2,010 shares of the company’s stock worth $285,000 after buying an additional 9 shares during the last quarter. Davis Selected Advisers boosted its position in shares of Air Products and Chemicals by 0.6% in the second quarter. Davis Selected Advisers now owns 1,815 shares of the company’s stock worth $258,000 after buying an additional 11 shares during the last quarter. Bollard Group LLC boosted its position in shares of Air Products and Chemicals by 0.5% in the third quarter. Bollard Group LLC now owns 2,078 shares of the company’s stock worth $312,000 after buying an additional 11 shares during the last quarter. Finally, Brighton Jones LLC boosted its position in shares of Air Products and Chemicals by 0.6% in the third quarter. Brighton Jones LLC now owns 1,922 shares of the company’s stock worth $289,000 after buying an additional 11 shares during the last quarter. 84.23% of the stock is owned by institutional investors and hedge funds.

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

Air Products and Chemicals, Inc. (NYSE:APD) traded down 0.34% on Friday, hitting $145.35. The stock had a trading volume of 996,479 shares. The company has a market capitalization of $31.60 billion, a PE ratio of 50.29 and a beta of 1.25. The company has a 50 day moving average of $146.02 and a 200 day moving average of $139.45. Air Products and Chemicals, Inc. has a 12-month low of $106.05 and a 12-month high of $150.45.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Thursday, October 27th. The company reported $2.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.98 by $0.03. Air Products and Chemicals had a net margin of 6.63% and a return on equity of 22.74%. The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same quarter in the prior year, the business posted $1.82 EPS. The firm’s revenue was up .6% compared to the same quarter last year. On average, equities analysts expect that Air Products and Chemicals, Inc. will post $6.38 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 13th. Investors of record on Tuesday, January 3rd will be issued a $0.86 dividend. The ex-dividend date of this dividend is Thursday, December 29th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.37%. Air Products and Chemicals’s dividend payout ratio is presently 119.03%.

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A number of brokerages have recently issued reports on APD. Credit Suisse Group began coverage on Air Products and Chemicals in a report on Monday, October 3rd. They issued an “outperform” rating for the company. HSBC began coverage on Air Products and Chemicals in a report on Tuesday, November 29th. They issued a “hold” rating and a $140.00 target price for the company. Zacks Investment Research raised Air Products and Chemicals from a “strong sell” rating to a “hold” rating in a report on Monday, December 5th. Argus raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $159.00 target price for the company in a report on Monday, November 21st. Finally, Atlantic Securities raised Air Products and Chemicals from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $125.00 to $135.00 in a report on Friday, September 30th. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $152.20.

About Air Products and Chemicals

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 operates through seven segments: Industrial Gases-Americas, Industrial Gases-Europe, Middle East, and Africa (EMEA), Industrial Gases-Asia, Industrial Gases-Global, Materials Technologies, Energy-from-Waste, and Corporate and other.

5 Day Chart for NYSE:APD

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