1,458 Shares in Air Products and Chemicals, Inc. (APD) Acquired by Allen Investment Management LLC

Allen Investment Management LLC purchased a new position in Air Products and Chemicals, Inc. (NYSE:APD) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,458 shares of the basic materials company’s stock, valued at approximately $220,000.

A number of other hedge funds have also bought and sold shares of the business. Oakworth Capital Inc. boosted its stake in Air Products and Chemicals by 0.7% in the 2nd quarter. Oakworth Capital Inc. now owns 1,027 shares of the basic materials company’s stock worth $147,000 after purchasing an additional 7 shares during the period. MAI Capital Management boosted its stake in Air Products and Chemicals by 0.5% in the 2nd quarter. MAI Capital Management now owns 1,919 shares of the basic materials company’s stock worth $275,000 after purchasing an additional 9 shares during the period. Ledyard National Bank boosted its stake in Air Products and Chemicals by 0.7% in the 2nd quarter. Ledyard National Bank now owns 1,529 shares of the basic materials company’s stock worth $219,000 after purchasing an additional 10 shares during the period. Hudock Capital Group LLC boosted its stake in Air Products and Chemicals by 0.5% in the 2nd quarter. Hudock Capital Group LLC now owns 2,049 shares of the basic materials company’s stock worth $293,000 after purchasing an additional 11 shares during the period. Finally, Davis Selected Advisers boosted its position in shares of Air Products and Chemicals by 0.6% during the 2nd quarter. Davis Selected Advisers now owns 1,860 shares of the basic materials company’s stock valued at $266,000 after acquiring an additional 12 shares during the last quarter. Institutional investors and hedge funds own 88.58% of the company’s stock.

A number of research firms have recently commented on APD. HSBC Holdings PLC upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating in a research report on Tuesday. upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating in a research report on Tuesday. SunTrust Banks, Inc. increased their target price on Air Products and Chemicals to $185.00 and gave the company a “buy” rating in a research report on Monday. They noted that the move was a valuation call. upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Monday. Finally, Argus increased their target price on Air Products and Chemicals to $192.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company’s stock. Air Products and Chemicals presently has an average rating of “Buy” and an average target price of $164.80.

Air Products and Chemicals, Inc. (APD) traded down $1.29 on Thursday, hitting $160.86. The stock had a trading volume of 770,300 shares, compared to its average volume of 1,329,519. Air Products and Chemicals, Inc. has a fifty-two week low of $133.63 and a fifty-two week high of $163.56. The company has a quick ratio of 2.23, a current ratio of 2.36 and a debt-to-equity ratio of 0.33. The company has a market cap of $35,060.00, a P/E ratio of 25.70, a price-to-earnings-growth ratio of 1.91 and a beta of 1.24.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Thursday, October 26th. The basic materials company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.08. Air Products and Chemicals had a return on equity of 15.25% and a net margin of 36.65%. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the prior year, the company earned $2.01 EPS. The business’s revenue was up 13.2% compared to the same quarter last year. equities analysts forecast that Air Products and Chemicals, Inc. will post 7 EPS 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 given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Friday, December 29th. Air Products and Chemicals’s payout ratio is 73.64%.

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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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