Findlay Park Partners LLP purchased a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,400,000 shares of the basic materials company’s stock, valued at approximately $362,928,000. Air Products and Chemicals makes up 3.6% of Findlay Park Partners LLP’s holdings, making the stock its 7th biggest holding. Findlay Park Partners LLP owned about 1.10% of Air Products and Chemicals as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Patten Group Inc. lifted its stake in shares of Air Products and Chemicals by 3.7% in the 1st quarter. Patten Group Inc. now owns 778 shares of the basic materials company’s stock valued at $105,000 after purchasing an additional 28 shares during the last quarter. IMS Capital Management bought a new stake in shares of Air Products and Chemicals in the 2nd quarter valued at approximately $129,000. Armbruster Capital Management Inc. lifted its stake in shares of Air Products and Chemicals by 13.5% in the 2nd quarter. Armbruster Capital Management Inc. now owns 908 shares of the basic materials company’s stock valued at $130,000 after purchasing an additional 108 shares during the last quarter. Hanson & Doremus Investment Management lifted its stake in shares of Air Products and Chemicals by 8.8% in the 2nd quarter. Hanson & Doremus Investment Management now owns 931 shares of the basic materials company’s stock valued at $133,000 after purchasing an additional 75 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in shares of Air Products and Chemicals by 25.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 1,020 shares of the basic materials company’s stock valued at $145,000 after purchasing an additional 210 shares during the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

Shares of Air Products and Chemicals, Inc. (NYSE APD) traded down $0.01 during midday trading on Tuesday, reaching $161.57. The company’s stock had a trading volume of 696,100 shares, compared to its average volume of 1,324,326. The company has a current ratio of 2.36, a quick ratio of 2.23 and a debt-to-equity ratio of 0.33. The company has a market cap of $35,320.00, a price-to-earnings ratio of 25.61, a PEG ratio of 1.90 and a beta of 1.24. Air Products and Chemicals, Inc. has a 1-year low of $133.63 and a 1-year high of $163.56.

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

The company 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 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Friday, December 29th. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 73.64%.

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APD has been the subject of several analyst reports. Credit Suisse Group reaffirmed an “outperform” rating and issued a $158.00 price objective (up from $153.00) on shares of Air Products and Chemicals in a research note on Wednesday, August 2nd. Deutsche Bank AG raised their price objective on Air Products and Chemicals from $160.00 to $168.00 and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Barclays PLC reaffirmed a “buy” rating and issued a $170.00 price objective on shares of Air Products and Chemicals in a research note on Friday, August 4th. Vertical Research raised Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 price target for the company in a research note on Monday, August 7th. Finally, Argus raised their price target on Air Products and Chemicals from $159.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, August 28th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company’s stock. Air Products and Chemicals currently has an average rating of “Buy” and an average target price of $164.80.

Air Products and 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.

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

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