Retirement Systems of Alabama Increases Holdings in Air Products & Chemicals, Inc. (APD)

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Retirement Systems of Alabama raised its position in Air Products & Chemicals, Inc. (NYSE:APD) by 1.1% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 102,270 shares of the basic materials company’s stock after acquiring an additional 1,151 shares during the period. Retirement Systems of Alabama’s holdings in Air Products & Chemicals were worth $19,529,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Athena Capital Advisors LLC purchased a new position in shares of Air Products & Chemicals during the fourth quarter valued at approximately $28,000. Old North State Trust LLC boosted its position in shares of Air Products & Chemicals by 376.1% during the fourth quarter. Old North State Trust LLC now owns 219 shares of the basic materials company’s stock valued at $35,000 after buying an additional 173 shares during the last quarter. Pinnacle Bank purchased a new position in shares of Air Products & Chemicals during the fourth quarter valued at approximately $38,000. Transamerica Financial Advisors Inc. boosted its position in shares of Air Products & Chemicals by 617.6% during the fourth quarter. Transamerica Financial Advisors Inc. now owns 244 shares of the basic materials company’s stock valued at $39,000 after buying an additional 210 shares during the last quarter. Finally, Legacy Financial Advisors Inc. boosted its position in shares of Air Products & Chemicals by 109.0% during the fourth quarter. Legacy Financial Advisors Inc. now owns 255 shares of the basic materials company’s stock valued at $41,000 after buying an additional 133 shares during the last quarter. 87.52% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on APD shares. Zacks Investment Research raised Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $179.00 target price on the stock in a research report on Tuesday, January 8th. Bank of America cut Air Products & Chemicals from a “neutral” rating to an “underperform” rating and set a $170.00 target price on the stock. in a research report on Tuesday, January 8th. They noted that the move was a valuation call. Credit Suisse Group lifted their target price on Air Products & Chemicals from $188.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. BMO Capital Markets lifted their target price on Air Products & Chemicals from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Tuesday, April 9th. Finally, KeyCorp lifted their target price on Air Products & Chemicals from $195.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. One analyst has rated the stock with a sell rating and twelve have given a buy rating to the company. Air Products & Chemicals currently has an average rating of “Buy” and an average target price of $194.20.

Shares of Air Products & Chemicals stock opened at $197.10 on Wednesday. The firm has a market cap of $42.59 billion, a P/E ratio of 26.46, a price-to-earnings-growth ratio of 1.82 and a beta of 0.82. Air Products & Chemicals, Inc. has a 12 month low of $148.44 and a 12 month high of $197.33. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.03 and a current ratio of 2.21.

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

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

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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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