L & S Advisors Inc acquired a new stake in Air Products & Chemicals, Inc. (NYSE:APD) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 37,458 shares of the basic materials company’s stock, valued at approximately $5,664,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Air Products & Chemicals by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 17,493,224 shares of the basic materials company’s stock valued at $2,502,580,000 after acquiring an additional 604,454 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Air Products & Chemicals by 8.0% in the 2nd quarter. BlackRock Inc. now owns 15,281,219 shares of the basic materials company’s stock valued at $2,186,132,000 after acquiring an additional 1,131,879 shares during the last quarter. State Street Corp increased its holdings in shares of Air Products & Chemicals by 2.8% in the 2nd quarter. State Street Corp now owns 10,590,428 shares of the basic materials company’s stock valued at $1,515,127,000 after acquiring an additional 291,150 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Air Products & Chemicals by 17.6% in the 3rd quarter. Principal Financial Group Inc. now owns 4,165,311 shares of the basic materials company’s stock valued at $629,878,000 after acquiring an additional 624,210 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Air Products & Chemicals by 8,260.1% in the 2nd quarter. Janus Henderson Group PLC now owns 2,720,195 shares of the basic materials company’s stock valued at $389,152,000 after acquiring an additional 2,687,657 shares during the last quarter. Institutional investors own 87.68% of the company’s stock.

A number of research analysts have recently commented on the company. upgraded Air Products & Chemicals from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. HSBC upgraded Air Products & Chemicals from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Credit Suisse Group increased their price objective on Air Products & Chemicals from $158.00 to $173.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Barclays upped their target price on Air Products & Chemicals from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, October 27th. Finally, SunTrust Banks reissued a “buy” rating and issued a $175.00 target price on shares of Air Products & Chemicals in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $164.80.

Shares of Air Products & Chemicals, Inc. (APD) opened at $160.42 on Thursday. Air Products & Chemicals, Inc. has a 1 year low of $133.63 and a 1 year high of $164.65. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.23 and a current ratio of 2.36. The firm has a market capitalization of $35,411.80, a P/E ratio of 25.67, a price-to-earnings-growth ratio of 1.91 and a beta of 1.24.

Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, October 26th. The basic materials company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.08. Air Products & Chemicals had a return on equity of 15.25% and a net margin of 36.65%. The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same period last year, the firm earned $2.01 EPS. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. equities analysts predict that Air Products & 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 paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Friday, December 29th. Air Products & Chemicals’s dividend payout ratio (DPR) is 27.82%.

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Air Products & 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 & Chemicals (NYSE:APD)

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