Air Products & Chemicals, Inc. (APD) Shares Bought by Transamerica Financial Advisors Inc.

Transamerica Financial Advisors Inc. boosted its holdings in Air Products & Chemicals, Inc. (NYSE:APD) by 617.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 244 shares of the basic materials company’s stock after purchasing an additional 210 shares during the period. Transamerica Financial Advisors Inc.’s holdings in Air Products & Chemicals were worth $39,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Confluence Investment Management LLC lifted its holdings in Air Products & Chemicals by 6.1% during the 4th quarter. Confluence Investment Management LLC now owns 113,616 shares of the basic materials company’s stock worth $18,184,000 after purchasing an additional 6,542 shares in the last quarter. Viking Fund Management LLC increased its stake in Air Products & Chemicals by 8.7% in the 4th quarter. Viking Fund Management LLC now owns 12,500 shares of the basic materials company’s stock worth $2,001,000 after acquiring an additional 1,000 shares during the last quarter. Hayden Royal LLC bought a new position in Air Products & Chemicals in the 4th quarter worth about $310,000. Simmons Bank increased its stake in Air Products & Chemicals by 1.8% in the 4th quarter. Simmons Bank now owns 11,458 shares of the basic materials company’s stock worth $1,834,000 after acquiring an additional 200 shares during the last quarter. Finally, Clean Yield Group increased its stake in Air Products & Chemicals by 18.9% in the 3rd quarter. Clean Yield Group now owns 2,895 shares of the basic materials company’s stock worth $484,000 after acquiring an additional 460 shares during the last quarter. 87.88% of the stock is currently owned by institutional investors and hedge funds.

Shares of Air Products & Chemicals stock traded up $1.82 during trading on Wednesday, hitting $173.14. 9,026 shares of the stock traded hands, compared to its average volume of 1,293,794. The company has a current ratio of 2.21, a quick ratio of 2.03 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $37.90 billion, a PE ratio of 23.27, a price-to-earnings-growth ratio of 1.56 and a beta of 0.85. Air Products & Chemicals, Inc. has a 52 week low of $148.44 and a 52 week high of $172.39.

Air Products & Chemicals (NYSE:APD) last announced its quarterly earnings data on Friday, January 25th. The basic materials company reported $1.86 EPS for the quarter, missing the consensus estimate of $1.87 by ($0.01). The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.27 billion. Air Products & Chemicals had a net margin of 18.92% and a return on equity of 15.13%. Air Products & Chemicals’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter last year, the company posted $1.79 earnings per share. As a group, analysts predict that Air Products & Chemicals, Inc. will post 8.18 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Monday, April 1st will be given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 2.68%. This is a positive change from Air Products & Chemicals’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Friday, March 29th. Air Products & Chemicals’s dividend payout ratio (DPR) is presently 59.06%.

A number of equities analysts have weighed in on APD shares. Bank of America lowered Air Products & Chemicals from a “neutral” rating to an “underperform” rating and set a $170.00 target price on the stock. in a research note on Tuesday, January 8th. They noted that the move was a valuation call. Zacks Investment Research upgraded Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $179.00 target price on the stock in a research note on Tuesday, November 13th. BMO Capital Markets set a $200.00 target price on Air Products & Chemicals and gave the stock a “buy” rating in a research note on Thursday, November 8th. Finally, ValuEngine lowered Air Products & Chemicals from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. One investment analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the stock. Air Products & Chemicals presently has a consensus rating of “Buy” and an average price target of $188.33.

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About Air Products & Chemicals

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

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

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