Bbva Compass Bancshares Inc. reduced its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 4.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,595 shares of the basic materials company’s stock after selling 75 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Air Products and Chemicals were worth $228,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of APD. Quadrature Capital Ltd purchased a new position in shares of Air Products and Chemicals during the fourth quarter worth approximately $206,000. Macquarie Group Ltd. increased its position in shares of Air Products and Chemicals by 75.7% in the fourth quarter. Macquarie Group Ltd. now owns 71,055 shares of the basic materials company’s stock worth $10,219,000 after buying an additional 30,605 shares during the last quarter. Gulf International Bank UK Ltd increased its position in shares of Air Products and Chemicals by 2.9% in the first quarter. Gulf International Bank UK Ltd now owns 63,415 shares of the basic materials company’s stock worth $8,579,000 after buying an additional 1,800 shares during the last quarter. National Pension Service increased its position in shares of Air Products and Chemicals by 10.0% in the first quarter. National Pension Service now owns 172,479 shares of the basic materials company’s stock worth $23,388,000 after buying an additional 15,649 shares during the last quarter. Finally, Capstone Asset Management Co. increased its position in shares of Air Products and Chemicals by 11.2% in the first quarter. Capstone Asset Management Co. now owns 25,945 shares of the basic materials company’s stock worth $3,510,000 after buying an additional 2,616 shares during the last quarter. Institutional investors and hedge funds own 88.92% of the company’s stock.

Air Products and Chemicals, Inc. (APD) opened at 145.02 on Friday. The firm has a 50-day moving average of $144.80 and a 200 day moving average of $141.91. Air Products and Chemicals, Inc. has a 1-year low of $129.00 and a 1-year high of $150.45. The firm has a market cap of $31.61 billion, a P/E ratio of 10.89 and a beta of 1.25.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Tuesday, October 10th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Friday, October 6th. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 28.51%.

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APD has been the subject of a number of analyst reports. Deutsche Bank AG upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and boosted their target price for the stock from $148.00 to $160.00 in a research note on Monday, May 1st. Zacks Investment Research upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $152.00 target price for the company in a research note on Tuesday, April 18th. Credit Suisse Group reiterated an “outperform” rating and set a $158.00 target price (up previously from $153.00) on shares of Air Products and Chemicals in a research note on Wednesday, August 2nd. Vertical Research upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 target price for the company in a research note on Monday. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $155.00 target price on shares of Air Products and Chemicals in a research note on Friday, July 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. Air Products and Chemicals currently has a consensus rating of “Hold” and an average price target of $153.29.

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.

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

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