Dividend Assets Capital LLC Acquires New Stake in Air Products and Chemicals, Inc. (APD)

Dividend Assets Capital LLC acquired a new position in Air Products and Chemicals, Inc. (NYSE:APD) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,370 shares of the basic materials company’s stock, valued at approximately $207,000.

Other hedge funds have also modified their holdings of the company. Patten Group Inc. raised its position in shares of Air Products and Chemicals by 3.7% in the first quarter. Patten Group Inc. now owns 778 shares of the basic materials company’s stock worth $105,000 after buying an additional 28 shares in the last quarter. IMS Capital Management purchased a new stake in shares of Air Products and Chemicals in the second quarter worth $129,000. Armbruster Capital Management Inc. raised its position in shares of Air Products and Chemicals by 13.5% in the second quarter. Armbruster Capital Management Inc. now owns 908 shares of the basic materials company’s stock worth $130,000 after buying an additional 108 shares in the last quarter. Hanson & Doremus Investment Management raised its position in shares of Air Products and Chemicals by 8.8% in the second quarter. Hanson & Doremus Investment Management now owns 931 shares of the basic materials company’s stock worth $133,000 after buying an additional 75 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in shares of Air Products and Chemicals by 25.9% in the second quarter. State of Alaska Department of Revenue now owns 1,020 shares of the basic materials company’s stock worth $145,000 after buying an additional 210 shares in the last quarter. Institutional investors own 88.58% of the company’s stock.

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APD has been the topic of a number of research reports. UBS AG upgraded Air Products and Chemicals from a “neutral” rating to a “positive” rating in a research report on Wednesday, September 13th. Barclays PLC restated a “buy” rating and set a $170.00 price target on shares of Air Products and Chemicals in a research report on Friday, August 4th. HSBC Holdings plc upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a research report on Monday. SunTrust Banks, Inc. raised their price target 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. Finally, Credit Suisse Group raised their price target on Air Products and Chemicals from $158.00 to $173.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $164.80.

Air Products and Chemicals, Inc. (NYSE:APD) traded down $1.06 on Tuesday, hitting $161.70. The stock had a trading volume of 85,368 shares, compared to its average volume of 1,332,517. The stock has a market capitalization of $34,938.57, a P/E ratio of 25.40, a P/E/G ratio of 1.89 and a beta of 1.24. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.23 and a current ratio of 2.36. Air Products and Chemicals, Inc. has a 1 year low of $133.63 and a 1 year high of $163.56.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Thursday, October 26th. The basic materials company reported $1.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.08. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.12 billion. Air Products and Chemicals had a return on equity of 15.25% and a net margin of 36.65%. The company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.01 earnings per share. analysts expect that Air Products and Chemicals, Inc. will post 7 earnings per share for the current year.

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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