Stephens Inc. AR boosted its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 5.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,574 shares of the basic materials company’s stock after acquiring an additional 1,225 shares during the quarter. Stephens Inc. AR’s holdings in Air Products and Chemicals were worth $3,414,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Oakworth Capital Inc. lifted its position in Air Products and Chemicals by 0.7% in the 2nd 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 in the last quarter. MAI Capital Management lifted its position in shares of Air Products and Chemicals by 0.5% during the 2nd quarter. MAI Capital Management now owns 1,919 shares of the basic materials company’s stock worth $275,000 after buying an additional 9 shares in the last quarter. Ledyard National Bank lifted its position in shares of Air Products and Chemicals by 0.7% during the 2nd quarter. Ledyard National Bank now owns 1,529 shares of the basic materials company’s stock worth $219,000 after buying an additional 10 shares in the last quarter. Hudock Capital Group LLC lifted its position in shares of Air Products and Chemicals by 0.5% during the 2nd quarter. Hudock Capital Group LLC now owns 2,049 shares of the basic materials company’s stock worth $293,000 after buying an additional 11 shares in the last quarter. Finally, Davis Selected Advisers lifted its position in shares of Air Products and Chemicals by 0.6% during the 2nd quarter. Davis Selected Advisers now owns 1,860 shares of the basic materials company’s stock worth $266,000 after buying an additional 12 shares in the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals, Inc. (APD) traded down $0.01 during trading on Tuesday, reaching $161.57. 696,100 shares of the company were exchanged, compared to its average volume of 1,324,326. Air Products and Chemicals, Inc. has a fifty-two week low of $133.63 and a fifty-two week high of $163.56. The stock has a market cap of $35,320.00, a price-to-earnings ratio of 25.61, a price-to-earnings-growth ratio of 1.90 and a beta of 1.24. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.36 and a quick ratio of 2.23.

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

The company also recently declared 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 of this dividend 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 currently 73.64%.

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APD has been the topic of several recent analyst reports. Credit Suisse Group reissued 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 report on Wednesday, August 2nd. Deutsche Bank AG lifted their target price on shares of 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. Barclays PLC restated a “buy” rating and set a $170.00 price target on shares of Air Products and Chemicals in a research note on Friday, August 4th. Vertical Research upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 price target for the company in a research note on Monday, August 7th. Finally, Argus raised their price target on shares of Air Products and Chemicals from $159.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, August 28th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $164.80.

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.

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

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