Livforsakringsbolaget Skandia Omsesidigt Acquires 400 Shares of Air Products & Chemicals, Inc. (NYSE:APD)

Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 17.8% in the second quarter, Holdings Channel reports. The fund owned 2,642 shares of the basic materials company’s stock after buying an additional 400 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Air Products & Chemicals were worth $598,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Truvestments Capital LLC bought a new position in shares of Air Products & Chemicals during the 1st quarter valued at approximately $79,000. Bfsg LLC bought a new position in shares of Air Products & Chemicals during the 1st quarter valued at approximately $605,000. Ropes Wealth Advisors LLC boosted its position in shares of Air Products & Chemicals by 6.2% during the 1st quarter. Ropes Wealth Advisors LLC now owns 18,581 shares of the basic materials company’s stock valued at $3,548,000 after acquiring an additional 1,080 shares during the last quarter. Family Firm Inc. bought a new position in shares of Air Products & Chemicals during the 1st quarter valued at approximately $201,000. Finally, PagnatoKarp Partners LLC boosted its position in shares of Air Products & Chemicals by 45.7% during the 1st quarter. PagnatoKarp Partners LLC now owns 3,270 shares of the basic materials company’s stock valued at $628,000 after acquiring an additional 1,026 shares during the last quarter. Hedge funds and other institutional investors own 86.96% of the company’s stock.

NYSE:APD traded down $1.77 during midday trading on Wednesday, hitting $230.04. 168,786 shares of the company traded hands, compared to its average volume of 921,132. The firm has a fifty day moving average price of $225.44. Air Products & Chemicals, Inc. has a 12-month low of $148.44 and a 12-month high of $232.47. The stock has a market cap of $50.74 billion, a price-to-earnings ratio of 30.88, a P/E/G ratio of 2.29 and a beta of 0.83. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.28 and a quick ratio of 2.09.

Air Products & Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, July 25th. The basic materials company reported $2.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.14 by $0.03. Air Products & Chemicals had a return on equity of 15.42% and a net margin of 19.14%. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the prior year, the firm posted $1.95 EPS. Air Products & Chemicals’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, analysts anticipate that Air Products & Chemicals, Inc. will post 8.24 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 11th. Shareholders of record on Tuesday, October 1st will be paid a $1.16 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.64 dividend on an annualized basis and a yield of 2.02%. Air Products & Chemicals’s payout ratio is 62.28%.

In other Air Products & Chemicals news, VP Russell A. Flugel sold 2,970 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $207.01, for a total value of $614,819.70. Following the sale, the vice president now owns 6,387 shares in the company, valued at $1,322,172.87. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Seifi Ghasemi bought 20,000 shares of Air Products & Chemicals stock in a transaction 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 purchase, the chief executive officer now owns 453,783 shares of the company’s stock, valued at $103,081,346.28. The disclosure for this purchase can be found here. Company insiders own 0.35% of the company’s stock.

A number of research analysts have recently commented on the company. BMO Capital Markets increased their target price on Air Products & Chemicals to $235.00 and gave the company an “outperform” rating in a research report on Monday, May 13th. Barclays set a $82.00 price target on Baxter International and gave the company a “hold” rating in a report on Friday, July 26th. Deutsche Bank set a $129.00 price target on Proofpoint and gave the company a “hold” rating in a report on Friday, July 26th. Zacks Investment Research lowered Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. Finally, JPMorgan Chase & Co. increased their price target on Diageo from GBX 3,100 ($40.51) to GBX 3,200 ($41.81) and gave the company a “neutral” rating in a report on Friday, June 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. Air Products & Chemicals presently has an average rating of “Buy” and an average target price 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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