Trade Report: Today: Pillar Pacific Capital Management LLC invests in Air Products and Chemicals Inc. (APD) Shares

Today: Pillar Pacific Capital Management LLC invests in Air Products and Chemicals Inc. (APD) Shares

Pillar Pacific Capital Management LLC increased its stake in Air Products and Chemicals Inc. (NYSE:APD) by 0.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,000 shares of the company’s stock after buying an additional 150 shares during the period. Pillar Pacific Capital Management LLC’s holdings in Air Products and Chemicals were worth $4,360,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Perkins Coie Trust Co boosted its stake in shares of Air Products and Chemicals by 3.7% in the second quarter. Perkins Coie Trust Co now owns 9,301 shares of the company’s stock valued at $1,321,000 after buying an additional 332 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Air Products and Chemicals by 1.4% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 167,829 shares of the company’s stock valued at $23,838,000 after buying an additional 2,363 shares in the last quarter. Newman Dignan & Sheerar Inc. acquired a new stake in shares of Air Products and Chemicals during the second quarter valued at $256,000. Exxonmobil Investment Management Inc. TX boosted its stake in shares of Air Products and Chemicals by 6.5% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 50,339 shares of the company’s stock valued at $7,150,000 after buying an additional 3,084 shares in the last quarter. Finally, DNB Asset Management AS boosted its stake in shares of Air Products and Chemicals by 5.8% in the second quarter. DNB Asset Management AS now owns 20,052 shares of the company’s stock valued at $2,848,000 after buying an additional 1,100 shares in the last quarter. Institutional investors own 84.89% of the company’s stock.

Air Products and Chemicals Inc. (NYSE:APD) traded up 0.28% during midday trading on Monday, hitting $141.94. 657,964 shares of the company were exchanged. Air Products and Chemicals Inc. has a 1-year low of $106.05 and a 1-year high of $146.01. The firm has a market capitalization of $30.83 billion, a PE ratio of 49.11 and a beta of 1.24. The stock has a 50 day moving average of $135.61 and a 200 day moving average of $136.20.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Thursday, October 27th. The company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.03. Air Products and Chemicals had a net margin of 6.63% and a return on equity of 22.74%. The firm had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same quarter in the previous year, the company earned $1.82 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year. On average, equities analysts predict that Air Products and Chemicals Inc. will post $6.39 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, February 13th. Stockholders of record on Tuesday, January 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 2.43%. Air Products and Chemicals’s payout ratio is 119.03%.

APD has been the topic of several analyst reports. Zacks Investment Research raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $167.00 price objective on the stock in a research note on Monday, August 1st. JPMorgan Chase & Co. raised shares of Air Products and Chemicals from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $140.00 to $160.00 in a research note on Friday, August 12th. Credit Suisse Group AG set a $163.00 price objective on shares of Air Products and Chemicals and gave the stock a “buy” rating in a research note on Monday, September 12th. Atlantic Securities raised shares of Air Products and Chemicals from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $125.00 to $135.00 in a research note on Friday, September 30th. Finally, Argus raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $159.00 price objective on the stock in a research note on Monday, November 21st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $151.07.

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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