Steward Partners Investment Advisory LLC bought a new position in shares of Air Products & Chemicals, Inc. (NYSE:APD) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 20,143 shares of the basic materials company’s stock, valued at approximately $3,046,000.

Other large investors have also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC boosted its position in shares of Air Products & Chemicals by 3,369.6% in the 3rd quarter. Tortoise Investment Management LLC now owns 798 shares of the basic materials company’s stock valued at $121,000 after purchasing an additional 775 shares during the period. IMS Capital Management acquired a new position in shares of Air Products & Chemicals in the 2nd quarter valued at $129,000. Armbruster Capital Management Inc. boosted its position in shares of Air Products & 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 period. Mosaic Family Wealth LLC boosted its position in shares of Air Products & Chemicals by 7.0% in the 2nd quarter. Mosaic Family Wealth LLC now owns 1,070 shares of the basic materials company’s stock valued at $153,000 after purchasing an additional 70 shares during the period. Finally, Westwood Holdings Group Inc. boosted its position in shares of Air Products & Chemicals by 718.5% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,105 shares of the basic materials company’s stock valued at $158,000 after purchasing an additional 970 shares during the period. 88.17% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Air Products & Chemicals, Inc. (NYSE:APD) opened at $160.53 on Friday. Air Products & Chemicals, Inc. has a 1 year low of $133.63 and a 1 year high of $164.65. The company has a market capitalization of $35,523.30, a PE ratio of 25.75, a price-to-earnings-growth ratio of 1.64 and a beta of 1.24. 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 posted its quarterly earnings results on Thursday, October 26th. The basic materials company reported $1.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.08. Air Products & Chemicals had a return on equity of 15.25% and a net margin of 36.65%. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period last year, the business earned $2.01 EPS. The business’s quarterly revenue was up 13.2% on a year-over-year basis. equities analysts predict that Air Products & Chemicals, Inc. will post 7 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Tuesday, January 2nd will be paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Friday, December 29th. Air Products & Chemicals’s dividend payout ratio (DPR) is presently 27.82%.

A number of equities analysts recently weighed in on the company. UBS upgraded Air Products & Chemicals from a “neutral” rating to a “positive” rating in a research report on Wednesday, September 13th. Jefferies Group upgraded Air Products & Chemicals from a “hold” rating to a “buy” rating and increased their price target for the company from $166.00 to $185.00 in a research report on Monday. Credit Suisse Group increased their price target on Air Products & Chemicals from $158.00 to $173.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Argus increased their price target on Air Products & Chemicals from $159.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, August 28th. Finally, SunTrust Banks increased their price target on Air Products & Chemicals to $185.00 and gave the company a “buy” rating in a research report on Monday, November 13th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $166.80.

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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.

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

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