Quantbot Technologies LP Has $4.41 Million Stake in Air Products and Chemicals, Inc. (APD)

Quantbot Technologies LP reduced its position in Air Products and Chemicals, Inc. (NYSE:APD) by 14.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,795 shares of the basic materials company’s stock after selling 5,202 shares during the quarter. Quantbot Technologies LP’s holdings in Air Products and Chemicals were worth $4,405,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in APD. Waldron LP bought a new position in shares of Air Products and Chemicals in the first quarter valued at approximately $263,000. Capital Fund Management S.A. boosted its position in shares of Air Products and Chemicals by 9.8% in the first quarter. Capital Fund Management S.A. now owns 131,304 shares of the basic materials company’s stock valued at $17,764,000 after acquiring an additional 11,700 shares during the period. TIAA CREF Trust Co. FSB MO boosted its position in shares of Air Products and Chemicals by 11.3% in the first quarter. TIAA CREF Trust Co. FSB MO now owns 64,836 shares of the basic materials company’s stock valued at $8,772,000 after acquiring an additional 6,605 shares during the period. Henderson Group PLC boosted its position in shares of Air Products and Chemicals by 1.3% in the first quarter. Henderson Group PLC now owns 32,538 shares of the basic materials company’s stock valued at $4,402,000 after acquiring an additional 423 shares during the period. Finally, HPM Partners LLC bought a new position in shares of Air Products and Chemicals in the first quarter valued at approximately $2,646,000. Institutional investors own 87.86% of the company’s stock.

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A number of equities analysts have recently commented on APD shares. KeyCorp restated a “buy” rating and issued a $161.00 price objective on shares of Air Products and Chemicals in a research report on Friday, September 8th. Vertical Research restated a “hold” rating and issued a $148.00 price objective (up from $146.00) on shares of Air Products and Chemicals in a research report on Tuesday, September 12th. Deutsche Bank AG raised their price objective on shares of Air Products and Chemicals from $160.00 to $168.00 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Credit Suisse Group reaffirmed an “outperform” rating and issued a $158.00 target price (up from $153.00) on shares of Air Products and Chemicals in a research note on Wednesday, August 2nd. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $155.00 target price on shares of Air Products and Chemicals in a research note on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Air Products and Chemicals presently has a consensus rating of “Hold” and an average price target of $155.33.

Air Products and Chemicals, Inc. (NYSE:APD) traded down 0.07% on Friday, hitting $150.95. 322,928 shares of the company’s stock traded hands. Air Products and Chemicals, Inc. has a 12 month low of $129.00 and a 12 month high of $151.42. The stock has a market cap of $32.90 billion, a P/E ratio of 11.34 and a beta of 1.25. The stock has a 50 day moving average price of $146.74 and a 200-day moving average price of $142.94.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Tuesday, August 1st. The basic materials company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.06. The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.06 billion. Air Products and Chemicals had a return on equity of 17.23% and a net margin of 34.63%. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.92 EPS. Equities analysts predict that Air Products and Chemicals, Inc. will post $6.23 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Tuesday, October 10th will be given a dividend of $0.95 per share. The ex-dividend date is Friday, October 6th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.52%. Air Products and Chemicals’s dividend payout ratio is currently 28.51%.

Air Products and Chemicals Company Profile

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 is also a supplier of liquefied natural gas process technology and equipment.

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

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