Keybank National Association OH Has $36.74 Million Holdings in Air Products & Chemicals, Inc. (NYSE:APD)

Keybank National Association OH reduced its stake in Air Products & Chemicals, Inc. (NYSE:APD) by 4.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 165,612 shares of the basic materials company’s stock after selling 8,287 shares during the period. Keybank National Association OH owned approximately 0.08% of Air Products & Chemicals worth $36,743,000 at the end of the most recent reporting period.

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A number of other hedge funds and other institutional investors also recently made changes to their positions in APD. Roffman Miller Associates Inc. PA bought a new position in Air Products & Chemicals in the third quarter worth about $377,000. Rosenbaum Jay D. lifted its holdings in Air Products & Chemicals by 3.5% in the third quarter. Rosenbaum Jay D. now owns 2,065 shares of the basic materials company’s stock worth $458,000 after acquiring an additional 70 shares during the last quarter. Eastern Bank lifted its holdings in Air Products & Chemicals by 2.6% in the third quarter. Eastern Bank now owns 92,549 shares of the basic materials company’s stock worth $20,533,000 after acquiring an additional 2,312 shares during the last quarter. Bartlett & Co. LLC lifted its holdings in Air Products & Chemicals by 2,036.7% in the third quarter. Bartlett & Co. LLC now owns 10,491 shares of the basic materials company’s stock worth $2,328,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Huntington National Bank lifted its holdings in Air Products & Chemicals by 0.9% in the third quarter. Huntington National Bank now owns 19,843 shares of the basic materials company’s stock worth $4,403,000 after acquiring an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 85.09% of the company’s stock.

Shares of NYSE APD traded up $2.74 during mid-day trading on Friday, reaching $240.92. 915,422 shares of the company traded hands, compared to its average volume of 1,086,155. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.54 and a quick ratio of 2.32. The firm has a market cap of $52.23 billion, a PE ratio of 29.34, a price-to-earnings-growth ratio of 2.03 and a beta of 0.84. Air Products & Chemicals, Inc. has a fifty-two week low of $149.64 and a fifty-two week high of $241.00. The stock has a fifty day simple moving average of $218.10 and a 200-day simple moving average of $219.36.

Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings results on Thursday, November 7th. The basic materials company reported $2.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.29 by ($0.02). The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.37 billion. Air Products & Chemicals had a return on equity of 15.88% and a net margin of 19.73%. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.00 EPS. As a group, analysts predict that Air Products & Chemicals, Inc. will post 9.46 EPS for the current fiscal year.

A number of equities analysts have issued reports on APD shares. Citigroup raised their target price on shares of Air Products & Chemicals from $260.00 to $263.00 and gave the stock a “buy” rating in a report on Monday. Sanford C. Bernstein cut shares of Air Products & Chemicals from an “outperform” rating to a “market perform” rating and set a $225.00 target price on the stock. in a report on Thursday, July 18th. UBS Group dropped their price target on shares of Air Products & Chemicals from $232.00 to $230.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. JPMorgan Chase & Co. raised their price target on shares of Air Products & Chemicals from $235.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Finally, Monness Crespi & Hardt restated a “buy” rating and issued a $254.00 price target (up previously from $214.00) on shares of Air Products & Chemicals in a research note on Friday, July 26th. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Air Products & Chemicals has an average rating of “Hold” and an average target price of $241.53.

Air Products & Chemicals 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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