Todays Report: The Savant Capital LLC Sold shares of Air Products and Chemicals Inc. (APD)

The Savant Capital LLC Sold shares of Air Products and Chemicals Inc. (APD)

Savant Capital LLC lowered its position in shares of Air Products and Chemicals Inc. (NYSE:APD) by 0.6% during the second quarter, Holdings Channel reports. The firm owned 1,640 shares of the company’s stock after selling 10 shares during the period. Savant Capital LLC’s holdings in Air Products and Chemicals were worth $233,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Capital Fund Management S.A. boosted its stake in Air Products and Chemicals by 56.0% in the second quarter. Capital Fund Management S.A. now owns 117,908 shares of the company’s stock worth $16,748,000 after buying an additional 42,347 shares during the period. Armstrong Henry H Associates Inc. boosted its stake in Air Products and Chemicals by 65.2% in the second quarter. Armstrong Henry H Associates Inc. now owns 11,870 shares of the company’s stock worth $1,686,000 after buying an additional 4,685 shares during the period. American Century Companies Inc. boosted its stake in Air Products and Chemicals by 8.8% in the second quarter. American Century Companies Inc. now owns 2,173,675 shares of the company’s stock worth $308,749,000 after buying an additional 174,932 shares during the period. Candriam Luxembourg S.C.A. boosted its stake in Air Products and Chemicals by 23.9% in the second quarter. Candriam Luxembourg S.C.A. now owns 8,101 shares of the company’s stock worth $1,151,000 after buying an additional 1,565 shares during the period. Finally, Confluence Investment Management LLC boosted its stake in Air Products and Chemicals by 7.5% in the second quarter. Confluence Investment Management LLC now owns 69,189 shares of the company’s stock worth $9,828,000 after buying an additional 4,850 shares during the period. Institutional investors own 88.50% of the company’s stock.

Shares of Air Products and Chemicals Inc. (NYSE:APD) traded down 1.42% during trading on Friday, reaching $135.08. 1,886,771 shares of the company’s stock were exchanged. The firm has a market capitalization of $29.25 billion, a P/E ratio of 50.53 and a beta of 1.23. 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 50 day moving average of $149.89 and a 200 day moving average of $146.43.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data 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 firm had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.41 billion. Air Products and Chemicals had a net margin of 6.12% and a return on equity of 22.00%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.65 EPS. Equities analysts anticipate that Air Products and Chemicals Inc. will post $7.51 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 14th. Shareholders of record on Monday, October 3rd will be issued a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Thursday, October 6th. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 128.84%.

APD has been the topic of a number of recent analyst reports. Zacks Investment Research cut Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Monday, July 4th. Morgan Stanley reiterated a “hold” rating on shares of Air Products and Chemicals in a report on Thursday, June 16th. JPMorgan Chase & Co. upgraded Air Products and Chemicals from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $140.00 to $160.00 in a report on Friday, August 12th. Citigroup Inc. upped their price objective on Air Products and Chemicals from $155.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, July 15th. Finally, Credit Suisse Group AG started coverage on Air Products and Chemicals in a report on Monday, October 3rd. They issued an “outperform” rating on the stock. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $151.60.

In other news, VP Guillermo Novo sold 2,447 shares of the firm’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $148.94, for a total value of $364,456.18. Following the transaction, the vice president now owns 12,805 shares of the company’s stock, valued at approximately $1,907,176.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John D. Stanley sold 9,597 shares of the firm’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $150.00, for a total transaction of $1,439,550.00. Following the completion of the transaction, the senior vice president now directly owns 28,479 shares in the company, valued at approximately $4,271,850. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by company insiders.

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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