Cedar Hill Associates LLC bought a new stake in Air Products & Chemicals, Inc. (NYSE:APD) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,998 shares of the basic materials company’s stock, valued at approximately $453,000.

A number of other institutional investors also recently bought and sold shares of the stock. NGAM Advisors L.P. grew its stake in shares of Air Products & Chemicals by 10.8% in the second quarter. NGAM Advisors L.P. now owns 11,578 shares of the basic materials company’s stock worth $1,656,000 after acquiring an additional 1,133 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Air Products & Chemicals by 2.2% in the second quarter. Bessemer Group Inc. now owns 2,963 shares of the basic materials company’s stock worth $424,000 after acquiring an additional 63 shares in the last quarter. Ironwood Investment Management LLC grew its stake in shares of Air Products & Chemicals by 0.7% in the second quarter. Ironwood Investment Management LLC now owns 2,625 shares of the basic materials company’s stock worth $376,000 after acquiring an additional 19 shares in the last quarter. Univest Corp of Pennsylvania grew its stake in shares of Air Products & Chemicals by 0.5% in the second quarter. Univest Corp of Pennsylvania now owns 18,194 shares of the basic materials company’s stock worth $2,603,000 after acquiring an additional 82 shares in the last quarter. Finally, Dumont & Blake Investment Advisors LLC grew its stake in shares of Air Products & Chemicals by 1.4% in the second quarter. Dumont & Blake Investment Advisors LLC now owns 7,215 shares of the basic materials company’s stock worth $1,032,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 88.17% of the company’s stock.

Several equities analysts have commented on APD shares. Argus boosted their price target on shares of Air Products & Chemicals from $159.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, August 28th. KeyCorp restated a “buy” rating and issued a $161.00 price target on shares of Air Products & Chemicals in a research note on Friday, September 8th. Vertical Research restated a “hold” rating and issued a $148.00 price target (up previously from $146.00) on shares of Air Products & Chemicals in a research note on Tuesday, September 12th. UBS upgraded shares of Air Products & Chemicals from a “neutral” rating to a “positive” rating in a research note on Wednesday, September 13th. Finally, Susquehanna Bancshares upgraded shares of Air Products & Chemicals from a “neutral” rating to a “positive” rating and boosted their price target for the stock from $165.00 to $175.00 in a research note on Thursday, September 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $164.80.

Shares of Air Products & Chemicals, Inc. (APD) opened at $160.92 on Monday. The stock has a market cap of $35,180.07, a price-to-earnings ratio of 25.50, a PEG ratio of 1.89 and a beta of 1.24. 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.

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

The company also recently disclosed 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 annualized dividend and a dividend yield of 2.36%. Air Products & Chemicals’s dividend payout ratio (DPR) is currently 27.82%.

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Air Products & 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.

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

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