Buckingham Asset Management LLC increased its position in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 37.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,478 shares of the basic materials company’s stock after purchasing an additional 676 shares during the period. Buckingham Asset Management LLC’s holdings in Air Products & Chemicals were worth $495,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Wealth Quarterback LLC bought a new stake in shares of Air Products & Chemicals during the 4th quarter valued at $30,000. Sunbelt Securities Inc. purchased a new position in Air Products & Chemicals during the fourth quarter valued at $7,538,000. Sound Income Strategies LLC grew its stake in Air Products & Chemicals by 118.6% during the first quarter. Sound Income Strategies LLC now owns 129 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 70 shares in the last quarter. Stonebridge Financial Planning Group LLC purchased a new position in Air Products & Chemicals during the first quarter valued at $32,000. Finally, TI Trust Inc. purchased a new position in Air Products & Chemicals during the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 83.74% of the company’s stock.

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Air Products & Chemicals from $237.00 to $242.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Citigroup raised their target price on shares of Air Products & Chemicals from $256.00 to $261.00 and gave the company a “buy” rating in a research note on Friday, April 24th. SunTrust Banks raised their target price on shares of Air Products & Chemicals from $255.00 to $265.00 and gave the company a “positive” rating in a research note on Monday, January 27th. Sanford C. Bernstein raised shares of Air Products & Chemicals from a “market perform” rating to an “outperform” rating and raised their target price for the company from $246.00 to $262.00 in a research note on Wednesday, April 15th. Finally, BMO Capital Markets cut their target price on shares of Air Products & Chemicals from $275.00 to $245.00 and set an “outperform” rating for the company in a research note on Thursday, March 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $247.33.

Air Products & Chemicals stock opened at $228.04 on Friday. The firm has a 50-day moving average price of $214.04 and a 200-day moving average price of $227.00. The firm has a market capitalization of $50.36 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 2.91 and a beta of 0.86. The company has a current ratio of 2.59, a quick ratio of 2.37 and a debt-to-equity ratio of 0.28. Air Products & Chemicals, Inc. has a 12-month low of $167.43 and a 12-month high of $257.01.

Air Products & Chemicals (NYSE:APD) last released its earnings results on Thursday, April 23rd. The basic materials company reported $2.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.06 by ($0.02). The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.16 billion. Air Products & Chemicals had a return on equity of 16.36% and a net margin of 21.66%. Air Products & Chemicals’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.00 EPS. As a group, sell-side analysts predict that Air Products & Chemicals, Inc. will post 8.48 earnings per share for the current fiscal year.

About Air Products & Chemicals

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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