DF Dent & Co. Inc. Takes $260,000 Position in Air Products and Chemicals, Inc. (APD)

DF Dent & Co. Inc. bought a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,820 shares of the basic materials company’s stock, valued at approximately $260,000.

A number of other institutional investors and hedge funds also recently modified their holdings of APD. Waldron LP bought a new position in Air Products and Chemicals during the first quarter worth about $263,000. Bahl & Gaynor Inc. boosted its holdings in Air Products and Chemicals by 19.7% during the first quarter. Bahl & Gaynor Inc. now owns 551,249 shares of the basic materials company’s stock worth $74,579,000 after buying an additional 90,745 shares during the last quarter. Coldstream Capital Management Inc. boosted its holdings in Air Products and Chemicals by 3.5% during the first quarter. Coldstream Capital Management Inc. now owns 13,949 shares of the basic materials company’s stock worth $1,887,000 after buying an additional 476 shares during the last quarter. Penserra Capital Management LLC boosted its holdings in Air Products and Chemicals by 9.5% during the first quarter. Penserra Capital Management LLC now owns 1,380 shares of the basic materials company’s stock worth $186,000 after buying an additional 120 shares during the last quarter. Finally, Martingale Asset Management L P bought a new position in Air Products and Chemicals during the first quarter worth about $637,000. Hedge funds and other institutional investors own 87.87% of the company’s stock.

A number of equities analysts have issued reports on APD shares. KeyCorp restated a “buy” rating and set a $161.00 target price on shares of Air Products and Chemicals in a report on Friday, September 8th. Deutsche Bank AG raised their target price on Air Products and Chemicals from $160.00 to $168.00 and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Vertical Research restated a “hold” rating and set a $148.00 target price (up previously from $146.00) on shares of Air Products and Chemicals in a report on Tuesday, September 12th. Susquehanna Bancshares Inc upgraded Air Products and Chemicals from a “neutral” rating to a “positive” rating and raised their target price for the stock from $165.00 to $175.00 in a report on Thursday, September 14th. Finally, Credit Suisse Group restated an “outperform” rating and set a $158.00 target price (up previously from $153.00) on shares of Air Products and Chemicals in a report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $157.15.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Tuesday, August 1st. The basic materials company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.59 by $0.06. Air Products and Chemicals had a return on equity of 17.23% and a net margin of 34.63%. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the prior year, the company earned $1.92 EPS. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 10th will be given a dividend of $0.95 per share. The ex-dividend date is Friday, October 6th. This represents a $3.80 annualized dividend and a dividend yield of 2.48%. Air Products and Chemicals’s payout ratio is 28.51%.

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About Air Products and Chemicals

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 and Chemicals (NYSE:APD)

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