Air Products & Chemicals, Inc. (NYSE:APD) Shares Sold by Cohen Lawrence B

Cohen Lawrence B decreased its position in Air Products & Chemicals, Inc. (NYSE:APD) by 1.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,529 shares of the basic materials company’s stock after selling 105 shares during the quarter. Cohen Lawrence B’s holdings in Air Products & Chemicals were worth $1,478,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wells Fargo & Company MN boosted its position in Air Products & Chemicals by 0.6% during the 1st quarter. Wells Fargo & Company MN now owns 3,943,516 shares of the basic materials company’s stock valued at $753,054,000 after purchasing an additional 23,089 shares during the period. Northern Trust Corp boosted its position in Air Products & Chemicals by 0.7% during the 1st quarter. Northern Trust Corp now owns 3,262,098 shares of the basic materials company’s stock valued at $622,929,000 after purchasing an additional 22,480 shares during the period. Geode Capital Management LLC boosted its position in Air Products & Chemicals by 7.6% during the 4th quarter. Geode Capital Management LLC now owns 2,636,556 shares of the basic materials company’s stock valued at $421,179,000 after purchasing an additional 187,347 shares during the period. Neuberger Berman Group LLC boosted its position in Air Products & Chemicals by 6.7% during the 1st quarter. Neuberger Berman Group LLC now owns 2,220,621 shares of the basic materials company’s stock valued at $424,050,000 after purchasing an additional 140,293 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Air Products & Chemicals by 25.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,044,236 shares of the basic materials company’s stock valued at $167,161,000 after purchasing an additional 212,479 shares during the period. Institutional investors own 86.81% of the company’s stock.

In other news, VP Russell A. Flugel sold 2,970 shares of the business’s 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 of the company’s stock, valued at approximately $1,322,172.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Seifi Ghasemi acquired 20,000 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was purchased at an average cost of $227.16 per share, for a total transaction of $4,543,200.00. Following the purchase, the chief executive officer now directly owns 453,783 shares in the company, valued at approximately $103,081,346.28. The disclosure for this purchase can be found here. 0.35% of the stock is owned by insiders.

Shares of Air Products & Chemicals stock opened at $229.67 on Wednesday. The firm’s fifty day simple moving average is $227.04. The company has a quick ratio of 2.09, a current ratio of 2.28 and a debt-to-equity ratio of 0.28. The company has a market cap of $50.05 billion, a P/E ratio of 30.83, a P/E/G ratio of 2.30 and a beta of 0.84. Air Products & Chemicals, Inc. has a 1-year low of $148.44 and a 1-year high of $232.47.

Air Products & Chemicals (NYSE:APD) last announced its earnings results on Thursday, July 25th. The basic materials company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.03. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.32 billion. Air Products & Chemicals had a return on equity of 15.42% and a net margin of 19.14%. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.95 EPS. Equities research analysts predict that Air Products & Chemicals, Inc. will post 8.24 earnings per share for the current 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 dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 2.02%. The ex-dividend date is Monday, September 30th. Air Products & Chemicals’s payout ratio is currently 62.28%.

A number of research firms recently issued reports on APD. KeyCorp boosted their price objective on Air Products & Chemicals from $220.00 to $245.00 and gave the company an “overweight” rating in a research report on Tuesday, July 9th. Monness Crespi & Hardt restated a “buy” rating and set a $254.00 price objective (up previously from $214.00) on shares of Air Products & Chemicals in a research report on Friday, July 26th. Citigroup set a $260.00 price objective on Air Products & Chemicals and gave the company a “buy” rating in a research report on Monday, July 15th. Zacks Investment Research lowered Air Products & Chemicals from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. Finally, HSBC lowered Air Products & Chemicals from a “buy” rating to a “hold” rating and reduced their price objective for the company from $217.00 to $215.00 in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $234.71.

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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