Sawyer & Company Inc lessened its holdings in Air Products & Chemicals, Inc. (NYSE:APD) by 19.3% during the second quarter, HoldingsChannel.com reports. The firm owned 305 shares of the basic materials company’s stock after selling 73 shares during the period. Sawyer & Company Inc’s holdings in Air Products & Chemicals were worth $69,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in APD. IMA Wealth Inc. lifted its position in shares of Air Products & Chemicals by 285.7% in the first quarter. IMA Wealth Inc. now owns 135 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Field & Main Bank bought a new stake in Air Products & Chemicals during the first quarter worth $27,000. Advisory Alpha LLC bought a new stake in Air Products & Chemicals during the first quarter worth $29,000. Pinnacle Bank bought a new stake in Air Products & Chemicals during the fourth quarter worth $38,000. Finally, Destination Wealth Management bought a new stake in Air Products & Chemicals during the first quarter worth $40,000. 86.96% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:APD traded up $0.46 on Monday, hitting $231.01. The company had a trading volume of 585,773 shares, compared to its average volume of 921,132. Air Products & Chemicals, Inc. has a 1-year low of $148.44 and a 1-year high of $231.45. The company has a market cap of $50.80 billion, a PE ratio of 31.01, a price-to-earnings-growth ratio of 2.29 and a beta of 0.83. The stock’s 50 day moving average is $224.80. The company has a current ratio of 2.28, a quick ratio of 2.09 and a debt-to-equity ratio of 0.28.

Air Products & Chemicals (NYSE:APD) last released its quarterly earnings data on Thursday, July 25th. The basic materials company reported $2.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.14 by $0.03. Air Products & Chemicals had a net margin of 19.14% and a return on equity of 15.42%. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the previous year, the company earned $1.95 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. On average, equities analysts predict that Air Products & Chemicals, Inc. will post 8.23 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 11th. Shareholders of record on Tuesday, October 1st will be issued a $1.16 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.64 annualized dividend and a dividend yield of 2.01%. Air Products & Chemicals’s dividend payout ratio is currently 62.28%.

In related news, VP Russell A. Flugel sold 2,970 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $207.01, for a total value of $614,819.70. Following the transaction, the vice president now directly owns 6,387 shares in the company, valued at $1,322,172.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Seifi Ghasemi purchased 20,000 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was acquired at an average price of $227.16 per share, for a total transaction of $4,543,200.00. Following the completion of the purchase, the chief executive officer now directly owns 453,783 shares of the company’s stock, valued at approximately $103,081,346.28. The disclosure for this purchase can be found here. Corporate insiders own 0.35% of the company’s stock.

Several analysts have issued reports on APD shares. JPMorgan Chase & Co. upped their price target on shares of Diageo from GBX 3,100 ($40.51) to GBX 3,200 ($41.81) and gave the stock a “neutral” rating in a research report on Friday, June 7th. Zacks Investment Research lowered shares of Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. Seaport Global Securities lowered shares of Packaging Corp Of America from a “buy” rating to a “neutral” rating and set a $98.02 price target on the stock. in a research report on Friday, July 12th. They noted that the move was a valuation call. Barclays set a $82.00 price target on shares of Baxter International and gave the stock a “hold” rating in a research report on Friday. Finally, UBS Group upped their price target on shares of LyondellBasell Industries from $86.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $233.77.

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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