Focused Wealth Management Inc Sells 255 Shares of Air Products & Chemicals, Inc. (NYSE:APD)

Focused Wealth Management Inc lessened its position in Air Products & Chemicals, Inc. (NYSE:APD) by 19.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,031 shares of the basic materials company’s stock after selling 255 shares during the quarter. Focused Wealth Management Inc’s holdings in Air Products & Chemicals were worth $242,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Nuveen Asset Management LLC grew its holdings in shares of Air Products & Chemicals by 19,995.0% in the second quarter. Nuveen Asset Management LLC now owns 1,127,733 shares of the basic materials company’s stock valued at $255,285,000 after purchasing an additional 1,122,121 shares during the period. BlackRock Inc. increased its holdings in shares of Air Products & Chemicals by 2.8% during the 2nd quarter. BlackRock Inc. now owns 16,830,640 shares of the basic materials company’s stock valued at $3,809,950,000 after acquiring an additional 454,016 shares during the last quarter. Voloridge Investment Management LLC increased its holdings in shares of Air Products & Chemicals by 3,218.3% during the 3rd quarter. Voloridge Investment Management LLC now owns 115,279 shares of the basic materials company’s stock valued at $25,576,000 after acquiring an additional 111,805 shares during the last quarter. California Public Employees Retirement System grew its holdings in Air Products & Chemicals by 29.2% in the 3rd quarter. California Public Employees Retirement System now owns 486,512 shares of the basic materials company’s stock valued at $107,938,000 after buying an additional 110,071 shares during the last quarter. Finally, TPG Group Holdings SBS Advisors Inc. grew its holdings in Air Products & Chemicals by 16.2% in the 3rd quarter. TPG Group Holdings SBS Advisors Inc. now owns 394,824 shares of the basic materials company’s stock valued at $87,596,000 after buying an additional 55,036 shares during the last quarter. Hedge funds and other institutional investors own 83.60% of the company’s stock.

Shares of APD traded up $0.18 during trading hours on Tuesday, reaching $237.18. The stock had a trading volume of 1,562,192 shares, compared to its average volume of 1,302,123. Air Products & Chemicals, Inc. has a 12 month low of $154.78 and a 12 month high of $241.90. The stock has a market capitalization of $52.26 billion, a PE ratio of 29.87, a PEG ratio of 2.03 and a beta of 0.85. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.32 and a current ratio of 2.54. The company’s 50-day moving average is $232.85 and its two-hundred day moving average is $226.41.

Air Products & Chemicals (NYSE:APD) last announced its quarterly earnings results on Thursday, November 7th. The basic materials company reported $2.27 EPS for the quarter, missing the Zacks’ consensus estimate of $2.29 by ($0.02). Air Products & Chemicals had a net margin of 19.73% and a return on equity of 15.88%. The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.37 billion. During the same quarter in the previous year, the company posted $2.00 earnings per share. The firm’s revenue was up .1% on a year-over-year basis. Equities analysts anticipate that Air Products & Chemicals, Inc. will post 9.47 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Tuesday, December 31st. Air Products & Chemicals’s dividend payout ratio is presently 56.52%.

Several equities analysts recently commented on APD shares. Wells Fargo & Co started coverage on Air Products & Chemicals in a research report on Tuesday, October 15th. They set a “market perform” rating and a $240.00 target price for the company. Zacks Investment Research downgraded Air Products & Chemicals from a “buy” rating to a “hold” rating and set a $243.00 target price for the company. in a research report on Friday, January 3rd. Atlantic Securities started coverage on Air Products & Chemicals in a research report on Monday, November 18th. They set a “neutral” rating and a $250.00 target price for the company. UBS Group cut their target price on Air Products & Chemicals from $232.00 to $230.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Finally, Deutsche Bank raised their target price on Air Products & Chemicals from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. They noted that the move was a valuation call. Thirteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $240.76.

About Air Products & Chemicals

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

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Institutional Ownership by Quarter for Air Products & Chemicals (NYSE:APD)

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