Daiwa Securities Group Inc. increased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 11.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,536 shares of the basic materials company’s stock after acquiring an additional 686 shares during the period. Daiwa Securities Group Inc.’s holdings in Air Products and Chemicals were worth $988,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Patten Group Inc. grew its position in Air Products and Chemicals by 3.7% during the 1st quarter. Patten Group Inc. now owns 778 shares of the basic materials company’s stock worth $105,000 after acquiring an additional 28 shares during the last quarter. IMS Capital Management bought a new stake in Air Products and Chemicals during the 2nd quarter worth approximately $129,000. Armbruster Capital Management Inc. grew its position in Air Products and Chemicals by 13.5% during the 2nd quarter. Armbruster Capital Management Inc. now owns 908 shares of the basic materials company’s stock worth $130,000 after acquiring an additional 108 shares during the last quarter. Hanson & Doremus Investment Management grew its position in Air Products and Chemicals by 8.8% during the 2nd quarter. Hanson & Doremus Investment Management now owns 931 shares of the basic materials company’s stock worth $133,000 after acquiring an additional 75 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its position in Air Products and Chemicals by 25.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 1,020 shares of the basic materials company’s stock worth $145,000 after acquiring an additional 210 shares during the last quarter. Institutional investors and hedge funds own 88.58% of the company’s stock.

Air Products and Chemicals, Inc. (NYSE:APD) opened at $160.30 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.36 and a quick ratio of 2.23. The firm has a market capitalization of $34,940.00, a price-to-earnings ratio of 25.40, a PEG ratio of 1.89 and a beta of 1.24. Air Products and Chemicals, Inc. has a 12 month low of $133.63 and a 12 month high of $162.86.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Thursday, October 26th. The basic materials company reported $1.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.08. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.12 billion. Air Products and Chemicals had a return on equity of 15.25% and a net margin of 36.65%. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.01 EPS. sell-side analysts forecast that Air Products and Chemicals, Inc. will post 7 earnings per share for the current year.

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A number of equities research analysts recently commented on the company. KeyCorp restated a “buy” rating and set a $161.00 price target on shares of Air Products and Chemicals in a research report on Friday, September 8th. Vertical Research restated a “hold” rating and set a $148.00 price target (up from $146.00) on shares of Air Products and Chemicals in a research report on Tuesday, September 12th. Deutsche Bank AG increased their price target on Air Products and Chemicals from $160.00 to $168.00 and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Susquehanna Bancshares Inc increased their price target on Air Products and Chemicals and gave the stock a “positive” rating in a research report on Tuesday, November 7th. Finally, Argus increased their price target on Air Products and Chemicals from $159.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, August 28th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. Air Products and Chemicals presently has an average rating of “Buy” and an average target price of $164.13.

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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