Air Products & Chemicals, Inc. (NYSE:APD) Shares Purchased by Rampart Investment Management Company LLC

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Rampart Investment Management Company LLC lifted its position in Air Products & Chemicals, Inc. (NYSE:APD) by 13.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,237 shares of the basic materials company’s stock after purchasing an additional 1,601 shares during the quarter. Rampart Investment Management Company LLC’s holdings in Air Products & Chemicals were worth $2,996,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in APD. Bailard Inc. increased its stake in Air Products & Chemicals by 2.0% in the 2nd quarter. Bailard Inc. now owns 2,347 shares of the basic materials company’s stock valued at $531,000 after purchasing an additional 45 shares in the last quarter. Sullivan Bruyette Speros & Blaney LLC increased its position in Air Products & Chemicals by 3.2% during the second quarter. Sullivan Bruyette Speros & Blaney LLC now owns 1,549 shares of the basic materials company’s stock worth $351,000 after buying an additional 48 shares in the last quarter. Smith Shellnut Wilson LLC ADV increased its position in Air Products & Chemicals by 3.3% during the first quarter. Smith Shellnut Wilson LLC ADV now owns 1,572 shares of the basic materials company’s stock worth $300,000 after buying an additional 50 shares in the last quarter. Spinnaker Trust increased its position in Air Products & Chemicals by 1.8% during the second quarter. Spinnaker Trust now owns 3,054 shares of the basic materials company’s stock worth $691,000 after buying an additional 54 shares in the last quarter. Finally, Brookstone Capital Management increased its position in Air Products & Chemicals by 1.7% during the second quarter. Brookstone Capital Management now owns 3,338 shares of the basic materials company’s stock worth $756,000 after buying an additional 55 shares in the last quarter. 85.37% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Seifi Ghasemi bought 20,000 shares of Air Products & Chemicals stock in a transaction that occurred on Friday, July 26th. The shares were purchased at an average price of $227.16 per share, for a total transaction of $4,543,200.00. Following the completion of the acquisition, the chief executive officer now owns 453,783 shares of the company’s stock, valued at $103,081,346.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.35% of the stock is currently owned by company insiders.

Several research firms have weighed in on APD. Morgan Stanley raised their price target on Air Products & Chemicals from $168.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. ValuEngine downgraded Air Products & Chemicals from a “buy” rating to a “hold” rating in a research report on Tuesday, September 10th. Deutsche Bank raised their price target on Air Products & Chemicals from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. KeyCorp raised their price target on Air Products & Chemicals from $220.00 to $245.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 9th. Finally, HSBC cut Air Products & Chemicals from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $217.00 to $215.00 in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $234.71.

Shares of APD stock traded up $5.20 during mid-day trading on Tuesday, hitting $220.44. 386,391 shares of the company’s stock were exchanged, compared to its average volume of 918,928. Air Products & Chemicals, Inc. has a fifty-two week low of $148.44 and a fifty-two week high of $232.47. The stock has a 50-day simple moving average of $224.97 and a two-hundred day simple moving average of $210.67. The company has a quick ratio of 2.09, a current ratio of 2.28 and a debt-to-equity ratio of 0.28. The stock has a market cap of $48.39 billion, a price-to-earnings ratio of 29.59, a PEG ratio of 2.22 and a beta of 0.86.

Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, July 25th. The basic materials company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.03. Air Products & Chemicals had a return on equity of 15.42% and a net margin of 19.14%. The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter last year, the firm earned $1.95 earnings per share. The business’s revenue was down 1.5% on a year-over-year basis. As a group, analysts anticipate that Air Products & Chemicals, Inc. will post 8.24 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 11th. Investors of record on Tuesday, October 1st will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Monday, September 30th. Air Products & Chemicals’s payout ratio is currently 62.28%.

Air Products & Chemicals Company 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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