Air Products & Chemicals, Inc. (APD) Shares Bought by Advisor Group Inc.

Advisor Group Inc. grew its position in Air Products & Chemicals, Inc. (NYSE:APD) by 6.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 24,479 shares of the basic materials company’s stock after acquiring an additional 1,409 shares during the period. Advisor Group Inc.’s holdings in Air Products & Chemicals were worth $4,016,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in APD. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Air Products & Chemicals by 5.9% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 300,116 shares of the basic materials company’s stock valued at $45,386,000 after buying an additional 16,708 shares during the period. Victory Capital Management Inc. lifted its position in Air Products & Chemicals by 409.8% in the 3rd quarter. Victory Capital Management Inc. now owns 20,866 shares of the basic materials company’s stock valued at $3,155,000 after acquiring an additional 16,773 shares in the last quarter. Chicago Equity Partners LLC bought a new stake in Air Products & Chemicals in the 3rd quarter valued at $1,265,000. Daiwa Securities Group Inc. lifted its position in Air Products & Chemicals by 11.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 6,536 shares of the basic materials company’s stock valued at $988,000 after acquiring an additional 686 shares in the last quarter. Finally, Sei Investments Co. lifted its position in Air Products & Chemicals by 6.0% in the 3rd quarter. Sei Investments Co. now owns 156,954 shares of the basic materials company’s stock valued at $23,735,000 after acquiring an additional 8,914 shares in the last quarter. 87.80% of the stock is owned by institutional investors.

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Shares of Air Products & Chemicals, Inc. (APD) opened at $170.88 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.73 and a current ratio of 2.92. Air Products & Chemicals, Inc. has a 52-week low of $133.63 and a 52-week high of $175.17. The company has a market cap of $37,390.00, a PE ratio of 30.19, a price-to-earnings-growth ratio of 1.43 and a beta of 1.22.

Air Products & Chemicals (NYSE:APD) last issued its quarterly earnings results on Friday, January 26th. The basic materials company reported $1.79 EPS for the quarter, topping the consensus estimate of $1.66 by $0.13. Air Products & Chemicals had a net margin of 33.51% and a return on equity of 14.80%. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the previous year, the firm posted $1.47 EPS. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. sell-side analysts anticipate that Air Products & Chemicals, Inc. will post 7.32 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 14th. Shareholders of record on Monday, April 2nd will be given a dividend of $1.10 per share. The ex-dividend date is Thursday, March 29th. This is a boost from Air Products & Chemicals’s previous quarterly dividend of $0.95. This represents a $4.40 annualized dividend and a yield of 2.57%. Air Products & Chemicals’s payout ratio is 67.14%.

Several equities research analysts recently commented on APD shares. raised shares of Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a research report on Monday, November 13th. SunTrust Banks boosted their price objective on shares of 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. raised shares of Air Products & Chemicals from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. HSBC raised shares of Air Products & Chemicals from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Finally, Jefferies Group raised shares of Air Products & Chemicals from a “hold” rating to a “buy” rating and boosted their price objective for the company from $166.00 to $185.00 in a research report on Monday, December 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and sixteen have issued a buy rating to the company. Air Products & Chemicals has a consensus rating of “Buy” and a consensus price target of $179.19.

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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.

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

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