Meag Munich Ergo Kapitalanlagegesellschaft MBH Cuts Position in Air Products and Chemicals, Inc. (APD)

Meag Munich Ergo Kapitalanlagegesellschaft MBH decreased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 50.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 11,666 shares of the basic materials company’s stock after selling 12,051 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Air Products and Chemicals were worth $1,576,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in APD. Franklin Resources Inc. boosted its position in Air Products and Chemicals by 0.7% in the fourth quarter. Franklin Resources Inc. now owns 4,804,068 shares of the basic materials company’s stock worth $690,929,000 after buying an additional 33,771 shares in the last quarter. FMR LLC boosted its position in shares of Air Products and Chemicals by 26.3% in the fourth quarter. FMR LLC now owns 4,517,907 shares of the basic materials company’s stock valued at $649,766,000 after buying an additional 940,864 shares during the period. Janus Capital Management LLC boosted its position in shares of Air Products and Chemicals by 7.8% in the fourth quarter. Janus Capital Management LLC now owns 1,941,568 shares of the basic materials company’s stock valued at $279,292,000 after buying an additional 141,164 shares during the period. First Eagle Investment Management LLC boosted its position in shares of Air Products and Chemicals by 243.2% in the first quarter. First Eagle Investment Management LLC now owns 1,789,910 shares of the basic materials company’s stock valued at $242,157,000 after buying an additional 1,268,305 shares during the period. Finally, Fred Alger Management Inc. boosted its position in shares of Air Products and Chemicals by 65.4% in the fourth quarter. Fred Alger Management Inc. now owns 1,585,065 shares of the basic materials company’s stock valued at $227,964,000 after buying an additional 626,681 shares during the period. 89.64% of the stock is currently owned by hedge funds and other institutional investors.

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

Air Products and Chemicals, Inc. (NYSE:APD) opened at 146.15 on Tuesday. The stock has a market cap of $31.82 billion, a price-to-earnings ratio of 10.11 and a beta of 1.25. Air Products and Chemicals, Inc. has a 52 week low of $122.64 and a 52 week high of $150.45. The company has a 50-day moving average price of $144.49 and a 200-day moving average price of $142.24.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Thursday, April 27th. The basic materials company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.05. Air Products and Chemicals had a net margin of 36.19% and a return on equity of 19.26%. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the business posted $1.82 earnings per share. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. Equities research analysts anticipate that Air Products and Chemicals, Inc. will post $6.15 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, July 3rd will be given a $0.95 dividend. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $3.80 annualized dividend and a dividend yield of 2.60%. Air Products and Chemicals’s dividend payout ratio is presently 26.28%.

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A number of research firms have weighed in on APD. Deutsche Bank AG upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and upped their target price for the stock from $148.00 to $160.00 in a report on Monday, May 1st. Zacks Investment Research upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $152.00 target price for the company in a report on Tuesday, April 18th. Finally, Jefferies Group LLC restated a “hold” rating and set a $155.00 target price on shares of Air Products and Chemicals in a report on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $153.71.

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 operates through seven segments: Industrial Gases-Americas, Industrial Gases-Europe, Middle East, and Africa (EMEA), Industrial Gases-Asia, Industrial Gases-Global, Materials Technologies, Energy-from-Waste, and Corporate and other.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “APD”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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