Benjamin F. Edwards & Company Inc. Raises Holdings in Air Products & Chemicals, Inc. (APD)

Benjamin F. Edwards & Company Inc. boosted its position in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 14.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 8,191 shares of the basic materials company’s stock after acquiring an additional 1,008 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Air Products & Chemicals were worth $1,344,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sabal Trust CO raised its stake in shares of Air Products & Chemicals by 3.0% during the 3rd quarter. Sabal Trust CO now owns 164,212 shares of the basic materials company’s stock valued at $24,832,000 after buying an additional 4,806 shares during the last quarter. Weybosset Research & Management LLC purchased a new position in shares of Air Products & Chemicals during the 3rd quarter valued at about $201,000. Raymond James Trust N.A. raised its stake in shares of Air Products & Chemicals by 11.8% during the 3rd quarter. Raymond James Trust N.A. now owns 16,621 shares of the basic materials company’s stock valued at $2,513,000 after buying an additional 1,756 shares during the last quarter. Trust Co. of Vermont raised its stake in shares of Air Products & Chemicals by 5.5% during the 3rd quarter. Trust Co. of Vermont now owns 53,729 shares of the basic materials company’s stock valued at $8,125,000 after buying an additional 2,816 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Air Products & Chemicals by 2.9% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 716,174 shares of the basic materials company’s stock valued at $108,300,000 after buying an additional 19,863 shares during the last quarter. 88.03% of the stock is owned by institutional investors.

Air Products & Chemicals, Inc. (NYSE APD) opened at $166.90 on Friday. The company has a quick ratio of 2.23, a current ratio of 2.36 and a debt-to-equity ratio of 0.33. Air Products & Chemicals, Inc. has a 52 week low of $133.63 and a 52 week high of $171.49. The firm has a market capitalization of $36,520.00, a PE ratio of 32.34, a P/E/G ratio of 1.69 and a beta of 1.24.

Air Products & Chemicals (NYSE:APD) last announced its quarterly earnings results on Thursday, October 26th. The basic materials company reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the previous year, the business earned $2.01 EPS. Air Products & Chemicals’s revenue for the quarter was up 13.2% compared to the same quarter last year. research analysts forecast that Air Products & Chemicals, Inc. will post 7.03 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 12th. Investors of record on Tuesday, January 2nd will be paid a $0.95 dividend. The ex-dividend date is Friday, December 29th. This represents a $3.80 annualized dividend and a dividend yield of 2.28%. Air Products & Chemicals’s dividend payout ratio is presently 73.64%.

A number of equities analysts have weighed in on the company. Jefferies Group reiterated a “hold” rating and set a $155.00 price objective on shares of Air Products & Chemicals in a research note on Thursday, September 28th. SunTrust Banks lifted their price objective on Air Products & Chemicals to $185.00 and gave the company a “buy” rating in a research note on Monday, November 13th. They noted that the move was a valuation call. Citigroup lifted their price objective on Air Products & Chemicals from $172.30 to $185.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Barclays lifted their price objective on Air Products & Chemicals from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, October 27th. Finally, Credit Suisse Group lifted their price objective on Air Products & Chemicals from $158.00 to $173.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. Air Products & Chemicals has an average rating of “Buy” and an average price target of $166.79.

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Air Products & 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.

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

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