Trade Report: Today, Candriam Luxembourg S.C.A. Boosts Position in Air Products and Chemicals Inc. (APD)

Today, Candriam Luxembourg S.C.A. Boosts Position in Air Products and Chemicals Inc. (APD)

Candriam Luxembourg S.C.A. raised its stake in shares of Air Products and Chemicals Inc. (NYSE:APD) by 23.9% during the second quarter, Holdings Channel reports. The firm owned 8,101 shares of the company’s stock after buying an additional 1,565 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Air Products and Chemicals were worth $1,151,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV boosted its stake in Air Products and Chemicals by 15.5% in the first quarter. Massmutual Trust Co. FSB ADV now owns 736 shares of the company’s stock valued at $106,000 after buying an additional 99 shares during the period. IFP Advisors Inc boosted its stake in Air Products and Chemicals by 66.0% in the first quarter. IFP Advisors Inc now owns 1,552 shares of the company’s stock valued at $224,000 after buying an additional 617 shares during the period. BARING ASSET MANAGEMENT Ltd acquired a new stake in Air Products and Chemicals during the second quarter valued at approximately $232,000. Eqis Capital Management Inc. boosted its stake in Air Products and Chemicals by 9.8% in the second quarter. Eqis Capital Management Inc. now owns 1,682 shares of the company’s stock valued at $239,000 after buying an additional 150 shares during the period. Finally, LVW Advisors LLC boosted its stake in Air Products and Chemicals by 1.7% in the first quarter. LVW Advisors LLC now owns 1,756 shares of the company’s stock valued at $253,000 after buying an additional 30 shares during the period. 88.50% of the stock is currently owned by institutional investors.

Shares of Air Products and Chemicals Inc. (NYSE:APD) traded up 0.67% during mid-day trading on Thursday, reaching $137.03. The company had a trading volume of 1,182,779 shares. Air Products and Chemicals Inc. has a 52 week low of $114.64 and a 52 week high of $157.84. The company has a market capitalization of $29.67 billion, a price-to-earnings ratio of 51.26 and a beta of 1.23. The stock has a 50 day moving average of $150.46 and a 200-day moving average of $146.47.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, November 14th. Shareholders of record on Monday, October 3rd will be paid a dividend of $0.86 per share. The ex-dividend date is Thursday, October 6th. This represents a $3.44 annualized dividend and a yield of 2.51%. Air Products and Chemicals’s payout ratio is presently 128.84%.

Several brokerages have issued reports on APD. Citigroup Inc. reissued a “hold” rating on shares of Air Products and Chemicals in a research report on Sunday, July 17th. Zacks Investment Research raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, July 11th. Jefferies Group reissued a “hold” rating and issued a $155.00 target price on shares of Air Products and Chemicals in a research report on Friday, July 29th. Credit Suisse Group AG set a $163.00 target price on Air Products and Chemicals and gave the stock a “buy” rating in a research report on Monday, September 12th. Finally, Morgan Stanley reissued a “hold” rating on shares of Air Products and Chemicals in a research report on Thursday, June 16th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $151.60.

In other Air Products and Chemicals news, insider Russell A. Flugel sold 2,050 shares of the business’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $151.54, for a total transaction of $310,657.00. Following the sale, the insider now owns 3,131 shares in the company, valued at approximately $474,471.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP John D. Stanley sold 8,720 shares of the business’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $150.00, for a total value 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 disclosure for this sale can be found here. Company insiders own 0.33% of the company’s stock.

About Air Products and Chemicals

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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