Eqis Capital Management Inc. grew its position in Air Products & Chemicals, Inc. (NYSE:APD) by 28.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,809 shares of the basic materials company’s stock after acquiring an additional 405 shares during the period. Eqis Capital Management Inc.’s holdings in Air Products & Chemicals were worth $290,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. United Capital Management of KS Inc. bought a new position in shares of Air Products & Chemicals in the 3rd quarter valued at $629,000. Clean Yield Group lifted its stake in shares of Air Products & Chemicals by 18.9% in the 3rd quarter. Clean Yield Group now owns 2,895 shares of the basic materials company’s stock valued at $484,000 after acquiring an additional 460 shares during the last quarter. Confluence Investment Management LLC lifted its stake in shares of Air Products & Chemicals by 6.1% in the 4th quarter. Confluence Investment Management LLC now owns 113,616 shares of the basic materials company’s stock valued at $18,184,000 after acquiring an additional 6,542 shares during the last quarter. Shell Asset Management Co. lifted its stake in shares of Air Products & Chemicals by 7.1% in the 3rd quarter. Shell Asset Management Co. now owns 24,938 shares of the basic materials company’s stock valued at $4,166,000 after acquiring an additional 1,646 shares during the last quarter. Finally, Koshinski Asset Management Inc. lifted its stake in shares of Air Products & Chemicals by 97.9% in the 3rd quarter. Koshinski Asset Management Inc. now owns 5,762 shares of the basic materials company’s stock valued at $962,000 after acquiring an additional 2,850 shares during the last quarter. Institutional investors own 86.04% of the company’s stock.

NYSE APD opened at $165.89 on Monday. The firm has a market capitalization of $36.43 billion, a P/E ratio of 22.27, a P/E/G ratio of 1.56 and a beta of 0.85. Air Products & Chemicals, Inc. has a twelve month low of $148.44 and a twelve month high of $172.39. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 2.03.

Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings data on Friday, January 25th. The basic materials company reported $1.86 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.87 by ($0.01). The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.27 billion. Air Products & Chemicals had a net margin of 18.92% and a return on equity of 15.13%. The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.79 earnings per share. On average, sell-side analysts anticipate that Air Products & Chemicals, Inc. will post 8.18 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Monday, April 1st will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 2.80%. This is an increase from Air Products & Chemicals’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Friday, March 29th. Air Products & Chemicals’s dividend payout ratio is presently 59.06%.

In other Air Products & Chemicals news, Chairman Seifi Ghasemi purchased 20,000 shares of the firm’s stock in a transaction on Monday, November 12th. The stock was purchased at an average cost of $160.11 per share, for a total transaction of $3,202,200.00. Following the acquisition, the chairman now owns 408,652 shares in the company, valued at approximately $65,429,271.72. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.35% of the company’s stock.

A number of research analysts have recently commented on APD shares. Zacks Investment Research upgraded Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $179.00 price target for the company in a research note on Tuesday, January 8th. ValuEngine downgraded Air Products & Chemicals from a “buy” rating to a “hold” rating in a report on Monday, October 22nd. Bank of America downgraded Air Products & Chemicals from a “neutral” rating to an “underperform” rating and set a $170.00 price objective for the company. in a report on Tuesday, January 8th. They noted that the move was a valuation call. Finally, Citigroup decreased their price objective on Air Products & Chemicals from $200.00 to $181.00 and set a “buy” rating for the company in a report on Tuesday, November 13th. One equities research analyst has rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $188.33.

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Air Products & Chemicals Profile

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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