Raymond James Financial Services Advisors Inc. grew its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 5.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 300,116 shares of the basic materials company’s stock after buying an additional 16,708 shares during the period. Raymond James Financial Services Advisors Inc. owned 0.14% of Air Products and Chemicals worth $45,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in APD. Wellington Management Group LLP lifted its holdings in Air Products and Chemicals by 5.9% during the 1st quarter. Wellington Management Group LLP now owns 10,074 shares of the basic materials company’s stock worth $1,363,000 after buying an additional 563 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of Air Products and Chemicals by 2.8% in the 1st quarter. HighTower Advisors LLC now owns 182,937 shares of the basic materials company’s stock valued at $24,737,000 after purchasing an additional 4,981 shares during the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of Air Products and Chemicals in the 1st quarter valued at about $169,000. Ironwood Investment Management LLC lifted its holdings in shares of Air Products and Chemicals by 21.7% in the 1st quarter. Ironwood Investment Management LLC now owns 2,606 shares of the basic materials company’s stock valued at $353,000 after purchasing an additional 465 shares during the last quarter. Finally, 10 15 Associates Inc. lifted its holdings in shares of Air Products and Chemicals by 3.9% in the 1st quarter. 10 15 Associates Inc. now owns 11,750 shares of the basic materials company’s stock valued at $1,589,000 after purchasing an additional 440 shares during the last quarter. 88.58% of the stock is owned by institutional investors.

Air Products and Chemicals, Inc. (APD) opened at $161.18 on Friday. The stock has a market capitalization of $35,130.00, a PE ratio of 25.49, a P/E/G ratio of 1.89 and a beta of 1.24. Air Products and Chemicals, Inc. has a 52-week low of $133.63 and a 52-week high of $163.56. 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 issued its quarterly earnings results on Thursday, October 26th. The basic materials company reported $1.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.68 by $0.08. The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.01 EPS. equities analysts expect 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. Shareholders of record on Tuesday, January 2nd will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.36%. The ex-dividend date is Friday, December 29th. Air Products and Chemicals’s payout ratio is 73.64%.

Several analysts have recently weighed in on APD shares. Jefferies Group LLC reissued a “hold” rating and issued a $155.00 target price on shares of Air Products and Chemicals in a report on Thursday, September 28th. Citigroup Inc. boosted their target price on Air Products and Chemicals from $172.30 to $185.00 and gave the company a “buy” rating in a report on Friday, October 27th. UBS AG boosted their target price on Air Products and Chemicals from $162.00 to $172.00 and gave the company a “buy” rating in a report on Friday, October 27th. Credit Suisse Group reissued an “outperform” rating and issued a $158.00 target price (up from $153.00) on shares of Air Products and Chemicals in a report on Wednesday, August 2nd. Finally, Barclays PLC reissued a “buy” rating and issued a $170.00 target price on shares of Air Products and Chemicals in a report on Friday, August 4th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the stock. Air Products and Chemicals presently has an average rating of “Buy” and a consensus price target of $164.80.

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Air Products and Chemicals 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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