Trade Report: The 300 Shares of Air Products and Chemicals Inc. (APD) are sold by Essex Financial Services Inc.

The 300 Shares of Air Products and Chemicals Inc. (APD) are sold by Essex Financial Services Inc.

Essex Financial Services Inc. lowered its stake in shares of Air Products and Chemicals Inc. (NYSE:APD) by 7.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,519 shares of the company’s stock after selling 300 shares during the period. Essex Financial Services Inc.’s holdings in Air Products and Chemicals were worth $500,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. NN Investment Partners Holdings N.V. acquired a new position in shares of Air Products and Chemicals during the first quarter valued at $1,722,000. Willis Investment Counsel raised its position in shares of Air Products and Chemicals by 170.7% in the first quarter. Willis Investment Counsel now owns 26,800 shares of the company’s stock valued at $3,861,000 after buying an additional 16,900 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of Air Products and Chemicals by 188.7% in the first quarter. Canada Pension Plan Investment Board now owns 383,384 shares of the company’s stock valued at $55,226,000 after buying an additional 250,600 shares during the last quarter. BB&T Securities LLC raised its position in shares of Air Products and Chemicals by 1,405.4% in the first quarter. BB&T Securities LLC now owns 55,610 shares of the company’s stock valued at $8,010,000 after buying an additional 51,916 shares during the last quarter. Finally, Pegasus Partners Ltd. acquired a new position in shares of Air Products and Chemicals during the first quarter valued at $702,000. 88.46% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and Chemicals Inc. (NYSE:APD) traded down 0.28% during midday trading on Monday, reaching $132.28. 797,368 shares of the company’s stock were exchanged. The company has a market cap of $28.65 billion, a P/E ratio of 49.49 and a beta of 1.23. The company has a 50 day moving average price of $138.30 and a 200 day moving average price of $135.85. Air Products and Chemicals Inc. has a 12 month low of $106.05 and a 12 month high of $146.01.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, July 28th. The company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.02. Air Products and Chemicals had a return on equity of 22.00% and a net margin of 6.12%. The company had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter in the prior year, the business posted $1.65 EPS. The business’s revenue was down 1.4% compared to the same quarter last year. On average, equities analysts anticipate that Air Products and Chemicals Inc. will post $7.51 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 14th. Stockholders of record on Monday, October 3rd will be paid a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Thursday, October 6th. Air Products and Chemicals’s dividend payout ratio is currently 128.84%.

APD has been the topic of several recent research reports. Zacks Investment Research lowered shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Monday, July 4th. Seaport Global Securities raised shares of Air Products and Chemicals from an “accumulate” rating to a “buy” rating and set a $165.00 price objective on the stock in a research report on Monday, July 11th. Citigroup Inc. raised their price objective on shares of Air Products and Chemicals from $155.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday, July 15th. Jefferies Group reiterated a “hold” rating and set a $155.00 price target on shares of Air Products and Chemicals in a report on Friday, July 29th. Finally, JPMorgan Chase & Co. upgraded Air Products and Chemicals from a “neutral” rating to an “overweight” rating and increased their price target for the company from $140.00 to $160.00 in a report on Friday, August 12th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $151.43.

In other news, SVP John D. Stanley sold 8,720 shares of the company’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $150.00, for a total transaction of $1,308,000.00. Following the sale, the senior vice president now owns 25,152 shares in the company, valued at approximately $3,772,800. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Russell A. Flugel sold 2,050 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $151.54, for a total value of $310,657.00. Following the sale, the insider now owns 3,131 shares in the company, valued at approximately $474,471.74. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc is an industrial gases company. The Company’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. The Company operates through seven segments: Industrial Gases-Americas, Industrial Gases-Europe, Middle East, and Africa (EMEA), Industrial Gases-Asia, Industrial Gases-Global, Materials Technologies, Energy-from-Waste, and Corporate and other.

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