Diversified Trust Co Purchases New Holdings in Air Products & Chemicals, Inc. (NYSE:APD)

Diversified Trust Co purchased a new stake in Air Products & Chemicals, Inc. (NYSE:APD) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 1,416 shares of the basic materials company’s stock, valued at approximately $422,000.

A number of other institutional investors also recently modified their holdings of the stock. Regent Peak Wealth Advisors LLC lifted its stake in Air Products & Chemicals by 0.7% in the 2nd quarter. Regent Peak Wealth Advisors LLC now owns 5,155 shares of the basic materials company’s stock valued at $1,245,000 after buying an additional 36 shares in the last quarter. Magnus Financial Group LLC lifted its stake in Air Products & Chemicals by 3.4% in the 2nd quarter. Magnus Financial Group LLC now owns 1,172 shares of the basic materials company’s stock valued at $283,000 after buying an additional 38 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in Air Products & Chemicals by 1.0% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 3,909 shares of the basic materials company’s stock valued at $944,000 after buying an additional 39 shares in the last quarter. Hotaling Investment Management LLC lifted its stake in Air Products & Chemicals by 3.2% in the 2nd quarter. Hotaling Investment Management LLC now owns 1,252 shares of the basic materials company’s stock valued at $302,000 after buying an additional 39 shares in the last quarter. Finally, Clarius Group LLC lifted its stake in Air Products & Chemicals by 2.2% in the 2nd quarter. Clarius Group LLC now owns 1,882 shares of the basic materials company’s stock valued at $454,000 after buying an additional 40 shares in the last quarter. 83.32% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE APD opened at $298.14 on Friday. The company has a 50 day simple moving average of $297.40 and a 200-day simple moving average of $260.10. The company has a market capitalization of $65.86 billion, a P/E ratio of 34.79, a P/E/G ratio of 3.50 and a beta of 0.85. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.48 and a quick ratio of 3.32. Air Products & Chemicals, Inc. has a 1 year low of $167.43 and a 1 year high of $310.73.

Air Products & Chemicals (NYSE:APD) last posted its earnings results on Thursday, July 23rd. The basic materials company reported $2.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.98 by $0.03. Air Products & Chemicals had a net margin of 21.58% and a return on equity of 15.96%. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter last year, the firm earned $2.17 EPS. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis. As a group, research analysts expect that Air Products & Chemicals, Inc. will post 8.4 EPS for the current year.

APD has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Air Products & Chemicals from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. UBS Group raised their target price on shares of Air Products & Chemicals from $212.00 to $265.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Morgan Stanley raised their target price on shares of Air Products & Chemicals from $245.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Wells Fargo & Company raised their target price on shares of Air Products & Chemicals from $325.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Credit Suisse Group raised their target price on shares of Air Products & Chemicals from $254.00 to $317.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $292.38.

Air Products & Chemicals Company Profile

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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