Cipher Capital LP acquired a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,090 shares of the basic materials company’s stock, valued at approximately $3,794,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Macquarie Group Ltd. boosted its position in Air Products and Chemicals by 8.5% in the third quarter. Macquarie Group Ltd. now owns 67,777 shares of the basic materials company’s stock valued at $10,249,000 after buying an additional 5,288 shares during the last quarter. Commonwealth Equity Services Inc boosted its position in Air Products and Chemicals by 4.7% in the third quarter. Commonwealth Equity Services Inc now owns 23,428 shares of the basic materials company’s stock valued at $3,542,000 after buying an additional 1,042 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Air Products and Chemicals by 26.1% in the third quarter. Advisors Asset Management Inc. now owns 38,852 shares of the basic materials company’s stock valued at $5,875,000 after buying an additional 8,033 shares during the last quarter. Commerce Bank boosted its position in Air Products and Chemicals by 29.4% in the third quarter. Commerce Bank now owns 34,553 shares of the basic materials company’s stock valued at $5,225,000 after buying an additional 7,859 shares during the last quarter. Finally, Putnam FL Investment Management Co. purchased a new stake in Air Products and Chemicals in the third quarter valued at approximately $246,000. Hedge funds and other institutional investors own 88.58% of the company’s stock.

A number of equities research analysts recently commented on the company. KeyCorp reiterated a “buy” rating and issued a $161.00 target price on shares of Air Products and Chemicals in a research report on Friday, September 8th. upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Vertical Research reiterated a “hold” rating and issued a $148.00 target price (up previously from $146.00) on shares of Air Products and Chemicals in a research report on Tuesday, September 12th. Deutsche Bank AG upped their target price on Air Products and Chemicals from $160.00 to $168.00 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Finally, Susquehanna Bancshares Inc upped their target price on Air Products and Chemicals and gave the company a “positive” rating in a research report on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $164.80.

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Air Products and Chemicals, Inc. (NYSE:APD) traded up $0.44 during trading on Friday, reaching $161.58. The company’s stock had a trading volume of 923,328 shares, compared to its average volume of 1,013,020. The company has a current ratio of 2.36, a quick ratio of 2.23 and a debt-to-equity ratio of 0.33. Air Products and Chemicals, Inc. has a 1-year low of $133.63 and a 1-year high of $163.56. The stock has a market cap of $35,324.30, a price-to-earnings ratio of 25.61, a PEG ratio of 1.90 and a beta of 1.24.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Tuesday, January 2nd will be given a dividend of $0.95 per share. The ex-dividend date is Friday, December 29th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.35%. Air Products and Chemicals’s dividend payout ratio (DPR) is 27.82%.

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.

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

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