Peoples Financial Services CORP. Reduces Position in Air Products and Chemicals, Inc. (APD)

Peoples Financial Services CORP. reduced its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 1.1% during the second quarter, Holdings Channel reports. The institutional investor owned 9,333 shares of the basic materials company’s stock after selling 100 shares during the period. Peoples Financial Services CORP.’s holdings in Air Products and Chemicals were worth $1,335,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Engineers Gate Manager LP acquired a new position in Air Products and Chemicals during the first quarter valued at $419,000. World Asset Management Inc boosted its position in Air Products and Chemicals by 15.3% in the first quarter. World Asset Management Inc now owns 25,607 shares of the basic materials company’s stock valued at $3,464,000 after buying an additional 3,390 shares in the last quarter. Montag & Caldwell LLC acquired a new position in Air Products and Chemicals during the first quarter valued at $27,055,000. Youngs Advisory Group Inc. boosted its position in Air Products and Chemicals by 1.6% in the first quarter. Youngs Advisory Group Inc. now owns 82,505 shares of the basic materials company’s stock valued at $11,162,000 after buying an additional 1,322 shares in the last quarter. Finally, HPM Partners LLC acquired a new position in Air Products and Chemicals during the first quarter valued at $2,646,000. 89.20% of the stock is currently owned by institutional investors and hedge funds.

Shares of Air Products and Chemicals, Inc. (NYSE APD) traded down 0.1528% during mid-day trading on Monday, reaching $145.3475. The company had a trading volume of 565,778 shares. The stock has a market capitalization of $31.65 billion, a P/E ratio of 10.0510 and a beta of 1.26. Air Products and Chemicals, Inc. has a one year low of $129.00 and a one year high of $150.45. The firm has a 50 day moving average of $144.33 and a 200-day moving average of $142.11.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Thursday, April 27th. The basic materials company reported $1.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.05. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.84 billion. Air Products and Chemicals had a return on equity of 19.26% and a net margin of 36.19%. Air Products and Chemicals’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.82 earnings per share. Analysts forecast that Air Products and Chemicals, Inc. will post $6.16 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, July 3rd will be given a dividend of $0.95 per share. The ex-dividend date is Thursday, June 29th. This represents a $3.80 annualized dividend and a yield of 2.61%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 26.28%.

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Several research analysts have weighed in on APD shares. Deutsche Bank AG raised Air Products and Chemicals from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $148.00 to $160.00 in a research report on Monday, May 1st. Zacks Investment Research raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $152.00 price objective on the stock in a research report on Tuesday, April 18th. BidaskClub cut Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $155.00 price objective on shares of Air Products and Chemicals in a research report on Tuesday, May 2nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. Air Products and Chemicals has a consensus rating of “Hold” and an average price target of $152.85.

About Air Products and Chemicals

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.

Want to see what other hedge funds are holding APD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Air Products and Chemicals, Inc. (NYSE:APD).

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

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