People s United Financial Inc. Has $3.34 Million Stake in Air Products & Chemicals, Inc. (APD)

People s United Financial Inc. reduced its stake in Air Products & Chemicals, Inc. (NYSE:APD) by 1.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,985 shares of the basic materials company’s stock after selling 368 shares during the quarter. People s United Financial Inc.’s holdings in Air Products & Chemicals were worth $3,339,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of APD. Braun Bostich & Associates Inc. boosted its position in shares of Air Products & Chemicals by 542.6% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 739 shares of the basic materials company’s stock worth $115,000 after purchasing an additional 624 shares in the last quarter. Honkamp Krueger Financial Services Inc. bought a new stake in shares of Air Products & Chemicals in the 3rd quarter worth approximately $116,000. NuWave Investment Management LLC lifted its position in Air Products & Chemicals by 8,770.0% in the 3rd quarter. NuWave Investment Management LLC now owns 887 shares of the basic materials company’s stock valued at $148,000 after acquiring an additional 877 shares in the last quarter. Private Capital Group LLC lifted its position in Air Products & Chemicals by 52.6% in the 2nd quarter. Private Capital Group LLC now owns 1,245 shares of the basic materials company’s stock valued at $195,000 after acquiring an additional 429 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC bought a new position in Air Products & Chemicals in the 3rd quarter valued at approximately $200,000. 86.29% of the stock is currently owned by hedge funds and other institutional investors.

NYSE APD opened at $161.22 on Thursday. The firm has a market cap of $35.99 billion, a PE ratio of 21.64, a PEG ratio of 1.70 and a beta of 1.10. The company has a current ratio of 2.17, a quick ratio of 2.00 and a debt-to-equity ratio of 0.30. Air Products & Chemicals, Inc. has a 1-year low of $148.44 and a 1-year high of $175.17.

Air Products & Chemicals (NYSE:APD) last released its quarterly earnings results on Tuesday, November 6th. The basic materials company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.01. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Air Products & Chemicals had a return on equity of 15.30% and a net margin of 16.77%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.76 EPS. As a group, analysts forecast that Air Products & Chemicals, Inc. will post 8.19 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, February 11th. Stockholders of record on Wednesday, January 2nd will be issued a dividend of $1.10 per share. The ex-dividend date is Monday, December 31st. This represents a $4.40 annualized dividend and a dividend yield of 2.73%. Air Products & Chemicals’s payout ratio is 59.06%.

Several equities analysts recently issued reports on APD shares. Zacks Investment Research cut Air Products & Chemicals from a “buy” rating to a “hold” rating in a research report on Monday, October 1st. ValuEngine raised Air Products & Chemicals from a “hold” rating to a “buy” rating in a research report on Thursday, October 4th. BNP Paribas started coverage on Air Products & Chemicals in a research report on Tuesday, October 2nd. They issued an “outperform” rating on the stock. Vertical Research raised Air Products & Chemicals from a “hold” rating to a “buy” rating in a research report on Wednesday, August 29th. Finally, Citigroup lowered their price objective on Air Products & Chemicals from $200.00 to $181.00 and set a “buy” rating on the stock in a research report on Tuesday, November 13th. Fifteen research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus target price of $190.08.

In other news, Chairman Seifi Ghasemi purchased 20,000 shares of the stock in a transaction dated Monday, November 12th. The shares were purchased at an average cost of $160.11 per share, with a total value of $3,202,200.00. Following the acquisition, the chairman now directly owns 408,652 shares of the company’s stock, valued at $65,429,271.72. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.37% of the stock is owned by corporate insiders.

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Air Products & Chemicals Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, electronics and performance materials, 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 metals, glass, chemical processing, electronics, energy production and refining, food processing, metallurgical, medical, and general manufacturing.

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

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