Reynders McVeigh Capital Management LLC Reduces Stock Position in Air Products & Chemicals, Inc. (NYSE:APD)

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Reynders McVeigh Capital Management LLC lessened its stake in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 7.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,535 shares of the basic materials company’s stock after selling 130 shares during the quarter. Reynders McVeigh Capital Management LLC’s holdings in Air Products & Chemicals were worth $347,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of APD. Bailard Inc. grew its holdings 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 buying an additional 45 shares during the period. Sullivan Bruyette Speros & Blaney LLC lifted its stake in shares of Air Products & Chemicals by 3.2% in the 2nd quarter. Sullivan Bruyette Speros & Blaney LLC now owns 1,549 shares of the basic materials company’s stock valued at $351,000 after purchasing an additional 48 shares in the last quarter. Evermay Wealth Management LLC lifted its stake in shares of Air Products & Chemicals by 3.5% in the 1st quarter. Evermay Wealth Management LLC now owns 1,472 shares of the basic materials company’s stock valued at $281,000 after purchasing an additional 50 shares in the last quarter. Trustcore Financial Services LLC lifted its stake in shares of Air Products & Chemicals by 3.2% in the 1st quarter. Trustcore Financial Services LLC now owns 1,610 shares of the basic materials company’s stock valued at $307,000 after purchasing an additional 50 shares in the last quarter. Finally, Smith Shellnut Wilson LLC ADV lifted its stake in shares of Air Products & Chemicals by 3.3% in the 1st quarter. Smith Shellnut Wilson LLC ADV now owns 1,572 shares of the basic materials company’s stock valued at $300,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 86.52% of the company’s stock.

Several equities analysts have recently weighed in on APD shares. Sanford C. Bernstein lowered Air Products & Chemicals from an “outperform” rating to a “market perform” rating and set a $225.00 price objective on the stock. in a research note on Thursday, July 18th. Susquehanna Bancshares reaffirmed a “neutral” rating on shares of Air Products & Chemicals in a research note on Monday, August 19th. Barclays lifted their price objective on Air Products & Chemicals from $220.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Deutsche Bank lifted their price objective on Air Products & Chemicals from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $254.00 price objective (up from $214.00) on shares of Air Products & Chemicals in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $234.71.

Air Products & Chemicals stock traded down $4.64 during midday trading on Friday, hitting $220.64. 810,791 shares of the company were exchanged, compared to its average volume of 1,063,635. The company’s fifty day moving average price is $227.01 and its 200-day moving average price is $204.94. The company has a market cap of $49.64 billion, a PE ratio of 29.62, a price-to-earnings-growth ratio of 2.25 and a beta of 0.84. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.28 and a quick ratio of 2.09. Air Products & Chemicals, Inc. has a fifty-two week low of $148.44 and a fifty-two week high of $232.47.

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

The business also recently declared a quarterly dividend, which will be paid on Monday, November 11th. Investors of record on Tuesday, October 1st will be given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 2.10%. The ex-dividend date is Monday, September 30th. Air Products & Chemicals’s dividend payout ratio (DPR) is presently 62.28%.

In related news, CEO Seifi Ghasemi purchased 20,000 shares of Air Products & Chemicals stock in a transaction that occurred on Friday, July 26th. The shares were purchased at an average cost of $227.16 per share, with a total value of $4,543,200.00. Following the transaction, the chief executive officer now owns 453,783 shares of the company’s stock, valued at approximately $103,081,346.28. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.35% of the company’s stock.

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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