Tradition Capital Management LLC lessened its position in Air Products & Chemicals, Inc. (NYSE:APD) by 3.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,575 shares of the basic materials company’s stock after selling 100 shares during the period. Tradition Capital Management LLC’s holdings in Air Products & Chemicals were worth $491,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Field & Main Bank purchased a new stake in Air Products & Chemicals during the first quarter valued at approximately $27,000. Athena Capital Advisors LLC purchased a new stake in Air Products & Chemicals during the fourth quarter valued at approximately $28,000. Old North State Trust LLC increased its holdings in Air Products & Chemicals by 376.1% during the fourth 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 during the last quarter. Pinnacle Bank purchased a new stake in Air Products & Chemicals during the fourth quarter valued at approximately $38,000. Finally, Transamerica Financial Advisors Inc. increased its holdings in Air Products & Chemicals by 617.6% during the fourth 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 during the last quarter. Hedge funds and other institutional investors own 87.41% of the company’s stock.

Shares of Air Products & Chemicals stock traded down $0.64 on Wednesday, reaching $205.13. The stock had a trading volume of 246,927 shares, compared to its average volume of 1,216,100. The company has a quick ratio of 2.16, a current ratio of 2.36 and a debt-to-equity ratio of 0.29. Air Products & Chemicals, Inc. has a 1 year low of $148.44 and a 1 year high of $209.86. The company has a market cap of $45.03 billion, a P/E ratio of 27.53, a PEG ratio of 2.11 and a beta of 0.83.

Air Products & Chemicals (NYSE:APD) last released its earnings results on Wednesday, April 24th. The basic materials company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.04. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. Air Products & Chemicals had a net margin of 18.90% and a return on equity of 15.28%. Air Products & Chemicals’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.71 EPS. As a group, equities research analysts forecast that Air Products & Chemicals, Inc. will post 8.22 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 12th. Shareholders of record on Monday, July 1st will be given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 2.26%. Air Products & Chemicals’s dividend payout ratio is presently 62.28%.

Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $174.00 price objective for the company in a research report on Tuesday, January 15th. UBS Group lifted their price objective on shares of Air Products & Chemicals from $215.00 to $224.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Deutsche Bank lifted their price objective on shares of Air Products & Chemicals from $182.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Vertical Research downgraded shares of Air Products & Chemicals from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Finally, Bank of America raised shares of Air Products & Chemicals from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $170.00 to $215.00 in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $211.50.

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About Air Products & Chemicals

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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