Trade Report: Today, FTB Advisors Inc. Sold shares of Air Products and Chemicals Inc. (APD)

Today, FTB Advisors Inc. Sold shares of Air Products and Chemicals Inc. (APD)

FTB Advisors Inc. cut its stake in Air Products and Chemicals Inc. (NYSE:APD) by 1.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,228 shares of the company’s stock after selling 12 shares during the period. FTB Advisors Inc.’s holdings in Air Products and Chemicals were worth $173,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Citizens Financial Group Inc RI increased its position in shares of Air Products and Chemicals by 0.4% in the first quarter. Citizens Financial Group Inc RI now owns 6,274 shares of the company’s stock valued at $903,000 after buying an additional 22 shares in the last quarter. Dodge & Cox boosted its position in Air Products and Chemicals by 3.6% in the first quarter. Dodge & Cox now owns 6,319 shares of the company’s stock valued at $910,000 after buying an additional 219 shares during the last quarter. Simmons Bank bought a new position in Air Products and Chemicals during the first quarter valued at $1,161,000. Geode Capital Management LLC boosted its position in Air Products and Chemicals by 2.4% in the first quarter. Geode Capital Management LLC now owns 1,503,529 shares of the company’s stock valued at $216,119,000 after buying an additional 35,265 shares during the last quarter. Finally, AXA boosted its position in Air Products and Chemicals by 255.7% in the first quarter. AXA now owns 37,041 shares of the company’s stock valued at $5,336,000 after buying an additional 26,626 shares during the last quarter. Hedge funds and other institutional investors own 88.46% of the company’s stock.

Shares of Air Products and Chemicals Inc. (NYSE:APD) traded up 1.41% during trading on Tuesday, hitting $134.15. 417,703 shares of the company were exchanged. The firm’s 50-day moving average price is $138.30 and its 200 day moving average price is $135.85. The firm has a market capitalization of $29.05 billion, a PE ratio of 50.19 and a beta of 1.23. 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 EPS for the quarter, beating the consensus estimate of $1.90 by $0.02. Air Products and Chemicals had a net margin of 6.12% and a return on equity of 22.00%. The business earned $2.43 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the previous year, the business posted $1.65 EPS. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, equities research analysts expect that Air Products and Chemicals Inc. will post $7.51 earnings per share for the current fiscal year.

The firm also recently disclosed 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. This represents a $3.44 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Thursday, October 6th. Air Products and Chemicals’s payout ratio is 128.84%.

A number of analysts have commented on APD shares. Zacks Investment Research cut shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Monday, July 4th. JPMorgan Chase & Co. raised shares of Air Products and Chemicals from a “neutral” rating to an “overweight” rating and upped their target price for the company from $140.00 to $160.00 in a report on Friday, August 12th. Citigroup Inc. upped their target price on shares of Air Products and Chemicals from $155.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, July 15th. Credit Suisse Group AG started coverage on shares of Air Products and Chemicals in a report on Monday, October 3rd. They set an “outperform” rating for the company. Finally, Seaport Global Securities raised shares of Air Products and Chemicals from an “accumulate” rating to a “buy” rating and set a $165.00 target price for the company in a report on Monday, July 11th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. Air Products and Chemicals presently has a consensus rating of “Hold” and a consensus target price of $151.43.

In other news, insider Russell A. Flugel sold 2,050 shares of Air Products and Chemicals stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $151.54, for a total transaction of $310,657.00. Following the completion of the transaction, the insider now directly owns 3,131 shares of the company’s stock, valued at approximately $474,471.74. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Guillermo Novo sold 2,447 shares of Air Products and Chemicals stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $148.94, for a total transaction of $364,456.18. Following the transaction, the vice president now directly owns 12,805 shares of the company’s stock, valued at $1,907,176.70. 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.

Related posts

Leave a Comment