Culbertson A N & Co. Inc. Sells 230 Shares of Air Products & Chemicals, Inc. (APD)

Culbertson A N & Co. Inc. reduced its holdings in Air Products & Chemicals, Inc. (NYSE:APD) by 0.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,137 shares of the basic materials company’s stock after selling 230 shares during the period. Air Products & Chemicals comprises 1.4% of Culbertson A N & Co. Inc.’s holdings, making the stock its 26th biggest position. Culbertson A N & Co. Inc.’s holdings in Air Products & Chemicals were worth $4,800,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. 1832 Asset Management L.P. lifted its stake in shares of Air Products & Chemicals by 2,002.7% in the 4th quarter. 1832 Asset Management L.P. now owns 353,219 shares of the basic materials company’s stock valued at $56,469,000 after purchasing an additional 336,421 shares during the period. PagnatoKarp Partners LLC raised its position in Air Products & Chemicals by 45.7% during the first quarter. PagnatoKarp Partners LLC now owns 3,270 shares of the basic materials company’s stock worth $628,000 after acquiring an additional 1,026 shares during the period. Hayden Royal LLC acquired a new position in Air Products & Chemicals during the fourth quarter worth $310,000. Viking Fund Management LLC raised its position in Air Products & Chemicals by 8.7% during the fourth quarter. Viking Fund Management LLC now owns 12,500 shares of the basic materials company’s stock worth $2,001,000 after acquiring an additional 1,000 shares during the period. Finally, Blackhawk Capital Partners LLC. acquired a new position in Air Products & Chemicals during the fourth quarter worth $398,000. 87.52% of the stock is currently owned by institutional investors and hedge funds.

Shares of Air Products & Chemicals stock traded up $0.14 during trading hours on Wednesday, reaching $197.24. 9,585 shares of the company’s stock were exchanged, compared to its average volume of 1,018,617. Air Products & Chemicals, Inc. has a 1 year low of $148.44 and a 1 year high of $197.33. The firm has a market capitalization of $42.59 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 1.82 and a beta of 0.82. The company has a quick ratio of 2.03, a current ratio of 2.21 and a debt-to-equity ratio of 0.30.

Air Products & Chemicals (NYSE:APD) last released its earnings results on Friday, January 25th. The basic materials company reported $1.86 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.87 by ($0.01). Air Products & Chemicals had a return on equity of 15.13% and a net margin of 18.92%. The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same period in the previous year, the company earned $1.79 EPS. Air Products & Chemicals’s quarterly revenue was up .3% compared to the same quarter last year. On average, research analysts anticipate that Air Products & Chemicals, Inc. will post 8.18 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Monday, April 1st will be issued a $1.16 dividend. The ex-dividend date of this dividend is Friday, March 29th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.35%. This is a positive change from Air Products & Chemicals’s previous quarterly dividend of $1.10. Air Products & Chemicals’s dividend payout ratio is currently 62.28%.

A number of equities analysts have weighed in on the stock. Credit Suisse Group upped their price objective on shares of Air Products & Chemicals from $200.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday. KeyCorp upped their price objective on shares of Air Products & Chemicals from $195.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. BMO Capital Markets upped their price objective on shares of Air Products & Chemicals from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. Zacks Investment Research upgraded shares of Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $177.00 price objective for the company in a research report on Thursday, January 24th. Finally, Bank of America cut shares of Air Products & Chemicals from a “neutral” rating to an “underperform” rating and set a $170.00 price objective for the company. in a research report on Tuesday, January 8th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the company’s stock. Air Products & Chemicals currently has a consensus rating of “Buy” and a consensus price target of $196.40.

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Air Products & Chemicals Profile

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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