Rothschild & Co. Asset Management US Inc. Sells 7,556 Shares of Air Products & Chemicals, Inc. (APD)

Rothschild & Co. Asset Management US Inc. lowered its stake in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 355,565 shares of the basic materials company’s stock after selling 7,556 shares during the period. Air Products & Chemicals accounts for 0.7% of Rothschild & Co. Asset Management US Inc.’s investment portfolio, making the stock its 25th largest position. Rothschild & Co. Asset Management US Inc.’s holdings in Air Products & Chemicals were worth $56,908,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Leavell Investment Management Inc. boosted its stake in Air Products & Chemicals by 1.1% during the fourth quarter. Leavell Investment Management Inc. now owns 5,785 shares of the basic materials company’s stock worth $932,000 after buying an additional 64 shares during the last quarter. Cornerstone Advisors Inc. boosted its stake in Air Products & Chemicals by 9.9% during the fourth quarter. Cornerstone Advisors Inc. now owns 752 shares of the basic materials company’s stock worth $120,000 after buying an additional 68 shares during the last quarter. Indiana Trust & Investment Management CO boosted its stake in Air Products & Chemicals by 2.4% during the fourth quarter. Indiana Trust & Investment Management CO now owns 3,169 shares of the basic materials company’s stock worth $507,000 after buying an additional 75 shares during the last quarter. Wesbanco Bank Inc. boosted its stake in Air Products & Chemicals by 0.8% during the fourth quarter. Wesbanco Bank Inc. now owns 9,423 shares of the basic materials company’s stock worth $1,508,000 after buying an additional 75 shares during the last quarter. Finally, First National Trust Co boosted its stake in Air Products & Chemicals by 4.0% during the fourth quarter. First National Trust Co now owns 1,966 shares of the basic materials company’s stock worth $315,000 after buying an additional 76 shares during the last quarter. 87.88% of the stock is currently owned by institutional investors.

Air Products & Chemicals stock opened at $169.64 on Tuesday. Air Products & Chemicals, Inc. has a twelve month low of $148.44 and a twelve month high of $172.39. The company has a quick ratio of 2.03, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. The company has a market cap of $36.44 billion, a price-to-earnings ratio of 22.77, a P/E/G ratio of 1.56 and a beta of 0.85.

Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings data on Friday, January 25th. The basic materials company reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same period in the previous year, the business posted $1.79 earnings per share. The firm’s revenue was up .3% compared to the same quarter last year. As a group, research analysts forecast that Air Products & Chemicals, Inc. will post 8.18 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Monday, April 1st will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 2.74%. This is a boost 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 presently 59.06%.

Several equities analysts have recently commented on APD shares. Bank of America lowered Air Products & Chemicals from a “neutral” rating to an “underperform” rating and set a $170.00 price target on the stock. in a research note on Tuesday, January 8th. They noted that the move was a valuation call. Zacks Investment Research upgraded Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $179.00 price target on the stock in a report on Tuesday, November 13th. BMO Capital Markets set a $200.00 price objective on Air Products & Chemicals and gave the company a “buy” rating in a report on Thursday, November 8th. Finally, ValuEngine downgraded Air Products & Chemicals from a “buy” rating to a “hold” rating in a report on Monday, October 22nd. One analyst has rated the stock with a sell rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $188.33.

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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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