Stone Run Capital LLC reduced its position in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 6.3% during the 4th quarter, HoldingsChannel reports. The fund owned 2,950 shares of the basic materials company’s stock after selling 200 shares during the period. Stone Run Capital LLC’s holdings in Air Products & Chemicals were worth $472,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Athena Capital Advisors LLC purchased a new position in Air Products & Chemicals in the 4th quarter valued at about $28,000. Old North State Trust LLC lifted its stake in Air Products & Chemicals by 376.1% in the 4th quarter. Old North State Trust LLC now owns 219 shares of the basic materials company’s stock valued at $35,000 after buying an additional 173 shares in the last quarter. Transamerica Financial Advisors Inc. lifted its stake in Air Products & Chemicals by 617.6% in the 4th quarter. Transamerica Financial Advisors Inc. now owns 244 shares of the basic materials company’s stock valued at $39,000 after buying an additional 210 shares in the last quarter. Legacy Financial Advisors Inc. lifted its stake in Air Products & Chemicals by 109.0% in the 4th quarter. Legacy Financial Advisors Inc. now owns 255 shares of the basic materials company’s stock valued at $41,000 after buying an additional 133 shares in the last quarter. Finally, Rational Advisors LLC lifted its stake in Air Products & Chemicals by 1,885.7% in the 4th quarter. Rational Advisors LLC now owns 278 shares of the basic materials company’s stock valued at $44,000 after buying an additional 264 shares in the last quarter. 87.12% of the stock is currently owned by institutional investors and hedge funds.

APD traded down $1.03 during trading on Wednesday, reaching $183.87. The company’s stock had a trading volume of 5,508 shares, compared to its average volume of 1,071,412. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 2.03. Air Products & Chemicals, Inc. has a 1 year low of $148.44 and a 1 year high of $186.79. The firm has a market capitalization of $40.61 billion, a price-to-earnings ratio of 24.71, a price-to-earnings-growth ratio of 1.74 and a beta of 0.81.

Air Products & Chemicals (NYSE:APD) last released its earnings results on Friday, January 25th. The basic materials company reported $1.86 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.87 by ($0.01). Air Products & Chemicals had a return on equity of 15.13% and a net margin of 18.92%. The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same period last year, the business earned $1.79 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. On average, equities analysts anticipate that Air Products & Chemicals, Inc. will post 8.18 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Monday, April 1st will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 2.52%. This is a positive change from Air Products & Chemicals’s previous quarterly dividend of $1.10. The ex-dividend date is Friday, March 29th. Air Products & Chemicals’s dividend payout ratio (DPR) is 59.06%.

APD has been the topic of a number of research reports. Zacks Investment Research raised shares of Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $179.00 price target on the stock in a research note on Tuesday, January 8th. Credit Suisse Group raised their target price on shares of Air Products & Chemicals from $188.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Finally, Bank of America lowered shares of Air Products & Chemicals from a “neutral” rating to an “underperform” rating and set a $170.00 target price on the stock. in a research note on Tuesday, January 8th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $189.67.

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Air Products & 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 & Chemicals (NYSE:APD)

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