GSA Capital Partners LLP decreased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 70.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,429 shares of the basic materials company’s stock after selling 10,810 shares during the period. GSA Capital Partners LLP’s holdings in Air Products and Chemicals were worth $634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in APD. Abbot Financial Management Inc. purchased a new position in Air Products and Chemicals in the 2nd quarter valued at $698,000. UBS Asset Management Americas Inc. lifted its holdings in Air Products and Chemicals by 10.4% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 643,069 shares of the basic materials company’s stock valued at $91,997,000 after purchasing an additional 60,447 shares in the last quarter. Quantitative Investment Management LLC purchased a new position in Air Products and Chemicals in the 2nd quarter valued at $3,905,000. New York State Common Retirement Fund lifted its holdings in Air Products and Chemicals by 8.7% in the 2nd quarter. New York State Common Retirement Fund now owns 581,900 shares of the basic materials company’s stock valued at $83,247,000 after purchasing an additional 46,499 shares in the last quarter. Finally, Sandy Spring Bank lifted its holdings in Air Products and Chemicals by 3.7% in the 2nd quarter. Sandy Spring Bank now owns 2,394 shares of the basic materials company’s stock valued at $343,000 after purchasing an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 87.87% of the company’s stock.

APD has been the topic of a number of research reports. Jefferies Group LLC restated a “hold” rating and issued a $155.00 price objective on shares of Air Products and Chemicals in a report on Thursday, September 28th. Credit Suisse Group restated an “outperform” rating and issued a $158.00 price objective (up previously from $153.00) on shares of Air Products and Chemicals in a report on Wednesday, August 2nd. Barclays PLC restated a “buy” rating and issued a $170.00 price objective on shares of Air Products and Chemicals in a report on Friday, August 4th. BidaskClub lowered Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Finally, UBS AG upgraded Air Products and Chemicals from a “neutral” rating to a “positive” rating in a report on Wednesday, September 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $157.15.

Shares of Air Products and Chemicals, Inc. (NYSE APD) opened at 153.30 on Friday. The firm has a 50 day moving average price of $148.63 and a 200-day moving average price of $144.11. The firm has a market capitalization of $33.41 billion, a P/E ratio of 11.52 and a beta of 1.26. Air Products and Chemicals, Inc. has a 52 week low of $129.00 and a 52 week high of $153.57.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.06. Air Products and Chemicals had a return on equity of 17.23% and a net margin of 34.63%. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the prior year, the business earned $1.92 earnings per share. The business’s revenue was up 10.8% on a year-over-year basis. Equities research analysts predict that Air Products and Chemicals, Inc. will post $6.23 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Tuesday, October 10th will be given a $0.95 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $3.80 annualized dividend and a dividend yield of 2.48%. Air Products and Chemicals’s dividend payout ratio is currently 28.51%.

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Air Products and Chemicals 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 is also a supplier of liquefied natural gas process technology and equipment.

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

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