Strs Ohio Has $28.32 Million Stake in Air Products & Chemicals, Inc. (APD)

Strs Ohio trimmed its stake in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 0.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 148,318 shares of the basic materials company’s stock after selling 1,112 shares during the period. Strs Ohio owned about 0.07% of Air Products & Chemicals worth $28,322,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. OMERS ADMINISTRATION Corp acquired a new position in Air Products & Chemicals during the fourth quarter valued at $164,779,000. Deutsche Bank AG raised its position in Air Products & Chemicals by 96.6% during the fourth quarter. Deutsche Bank AG now owns 1,599,411 shares of the basic materials company’s stock valued at $255,979,000 after buying an additional 785,837 shares during the period. Norges Bank acquired a new position in Air Products & Chemicals during the fourth quarter valued at $95,285,000. Bessemer Group Inc. raised its position in Air Products & Chemicals by 21,215.8% during the fourth quarter. Bessemer Group Inc. now owns 597,483 shares of the basic materials company’s stock valued at $95,627,000 after buying an additional 594,680 shares during the period. Finally, Bahl & Gaynor Inc. raised its position in Air Products & Chemicals by 56.4% during the fourth quarter. Bahl & Gaynor Inc. now owns 1,274,149 shares of the basic materials company’s stock valued at $203,928,000 after buying an additional 459,587 shares during the period. 87.52% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE APD opened at $198.10 on Friday. The company has a current ratio of 2.21, a quick ratio of 2.03 and a debt-to-equity ratio of 0.30. The stock has a market cap of $43.51 billion, a PE ratio of 26.59, a P/E/G ratio of 1.86 and a beta of 0.82. Air Products & Chemicals, Inc. has a 52 week low of $148.44 and a 52 week high of $198.66.

Air Products & Chemicals (NYSE:APD) last issued its quarterly earnings data on Friday, January 25th. The basic materials company reported $1.86 EPS for the quarter, missing the Zacks’ consensus estimate of $1.87 by ($0.01). The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.27 billion. Air Products & Chemicals had a net margin of 18.92% and a return on equity of 15.13%. The business’s revenue was up .3% on a year-over-year basis. During the same period in the prior year, the company posted $1.79 EPS. Research analysts expect that Air Products & Chemicals, Inc. will post 8.18 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, April 1st will be issued a dividend of $1.16 per share. This is a positive change from Air Products & Chemicals’s previous quarterly dividend of $1.10. The ex-dividend date is Friday, March 29th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.34%. Air Products & Chemicals’s dividend payout ratio is currently 62.28%.

Several brokerages have weighed in on APD. Credit Suisse Group upped their target price on Air Products & Chemicals from $200.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday. Zacks Investment Research lowered Air Products & Chemicals from a “buy” rating to a “hold” rating in a research report on Wednesday, January 16th. Bank of America lowered Air Products & Chemicals from a “neutral” rating to an “underperform” rating and set a $170.00 target price on the stock. in a research report on Tuesday, January 8th. They noted that the move was a valuation call. BMO Capital Markets upped their target price on Air Products & Chemicals from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. Finally, KeyCorp upped their target price on Air Products & Chemicals from $195.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $196.40.

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Air Products & Chemicals Company 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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