Cibc World Markets Corp Has $31.72 Million Holdings in Air Products and Chemicals, Inc. (APD)

Cibc World Markets Corp cut its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 85.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 221,722 shares of the basic materials company’s stock after selling 1,303,084 shares during the quarter. Cibc World Markets Corp owned approximately 0.10% of Air Products and Chemicals worth $31,720,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Guardian Life Insurance Co. of America lifted its holdings in Air Products and Chemicals by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 838 shares of the basic materials company’s stock valued at $113,000 after acquiring an additional 6 shares during the period. Sullivan Bruyette Speros & Blaney LLC lifted its holdings in Air Products and Chemicals by 0.4% in the first quarter. Sullivan Bruyette Speros & Blaney LLC now owns 1,764 shares of the basic materials company’s stock valued at $239,000 after acquiring an additional 7 shares during the period. Fort Pitt Capital Group LLC lifted its holdings in Air Products and Chemicals by 0.4% in the first quarter. Fort Pitt Capital Group LLC now owns 1,672 shares of the basic materials company’s stock valued at $226,000 after acquiring an additional 7 shares during the period. Oakworth Capital Inc. lifted its holdings in Air Products and Chemicals by 0.7% in the second quarter. Oakworth Capital Inc. now owns 1,027 shares of the basic materials company’s stock valued at $147,000 after acquiring an additional 7 shares during the period. Finally, Compton Capital Management Inc. RI lifted its holdings in Air Products and Chemicals by 0.5% in the first quarter. Compton Capital Management Inc. RI now owns 1,700 shares of the basic materials company’s stock valued at $230,000 after acquiring an additional 8 shares during the period. 87.86% of the stock is owned by institutional investors.

Shares of Air Products and Chemicals, Inc. (APD) traded down 0.52% on Friday, hitting $150.26. The stock had a trading volume of 2,424,617 shares. The firm’s 50-day moving average is $146.74 and its 200-day moving average is $142.94. Air Products and Chemicals, Inc. has a one year low of $129.00 and a one year high of $151.42. The company has a market cap of $32.75 billion, a price-to-earnings ratio of 11.29 and a beta of 1.25.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share for the quarter, beating the Zacks’ 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 firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the previous year, the business earned $1.92 earnings per share. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, analysts expect that Air Products and Chemicals, Inc. will post $6.23 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 10th will be paid a $0.95 dividend. The ex-dividend date is Friday, October 6th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.53%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 28.51%.

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A number of research analysts have issued reports on the company. Susquehanna Bancshares Inc raised Air Products and Chemicals from a “neutral” rating to a “positive” rating and boosted their price target for the company from $165.00 to $175.00 in a report on Thursday, September 14th. UBS AG raised Air Products and Chemicals from a “neutral” rating to a “positive” rating in a report on Wednesday, September 13th. Vertical Research reissued a “hold” rating and issued a $148.00 price target (up from $146.00) on shares of Air Products and Chemicals in a report on Tuesday, September 12th. KeyCorp reissued a “buy” rating and issued a $161.00 price target on shares of Air Products and Chemicals in a report on Friday, September 8th. Finally, Argus boosted their price target on Air Products and Chemicals from $159.00 to $165.00 and gave the company a “buy” rating in a report on Monday, August 28th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $155.33.

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 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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