Fayez Sarofim & Co. Has $81.76 Million Holdings in Air Products & Chemicals, Inc. (NYSE:APD)

Fayez Sarofim & Co. raised its holdings in Air Products & Chemicals, Inc. (NYSE:APD) by 0.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 540,693 shares of the basic materials company’s stock after purchasing an additional 3,975 shares during the quarter. Fayez Sarofim & Co. owned 0.25% of Air Products & Chemicals worth $81,762,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Financial Advisors Network Inc. boosted its stake in shares of Air Products & Chemicals by 8.3% during the 1st quarter. Financial Advisors Network Inc. now owns 4,582 shares of the basic materials company’s stock worth $661,000 after acquiring an additional 350 shares in the last quarter. Bank of Nova Scotia boosted its stake in shares of Air Products & Chemicals by 582.6% during the 1st quarter. Bank of Nova Scotia now owns 138,635 shares of the basic materials company’s stock worth $18,755,000 after acquiring an additional 118,324 shares in the last quarter. Cambridge Trust Co. boosted its stake in shares of Air Products & Chemicals by 0.4% during the 1st quarter. Cambridge Trust Co. now owns 7,835 shares of the basic materials company’s stock worth $1,060,000 after acquiring an additional 35 shares in the last quarter. Achmea Investment Management B.V. purchased a new stake in shares of Air Products & Chemicals during the 1st quarter worth approximately $1,296,000. Finally, Hendley & Co. Inc. boosted its stake in shares of Air Products & Chemicals by 54.7% during the 1st quarter. Hendley & Co. Inc. now owns 9,108 shares of the basic materials company’s stock worth $1,232,000 after acquiring an additional 3,220 shares in the last quarter. 87.68% of the stock is currently owned by institutional investors.

Shares of Air Products & Chemicals, Inc. (NYSE APD) traded up $0.76 during trading on Monday, hitting $162.40. The company had a trading volume of 865,314 shares, compared to its average volume of 1,300,546. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.36 and a quick ratio of 2.23. Air Products & Chemicals, Inc. has a 1 year low of $133.63 and a 1 year high of $164.65. The firm has a market cap of $35,337.48, a P/E ratio of 25.62, a P/E/G ratio of 1.90 and a beta of 1.24.

Air Products & Chemicals (NYSE:APD) last issued 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. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.12 billion. Air Products & Chemicals had a return on equity of 15.25% and a net margin of 36.65%. Air Products & Chemicals’s revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.01 EPS. equities research analysts expect that Air Products & Chemicals, Inc. will post 7 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 12th. Shareholders of record on Tuesday, January 2nd will be issued a $0.95 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $3.80 annualized dividend and a yield of 2.34%. Air Products & Chemicals’s dividend payout ratio (DPR) is presently 27.82%.

Several equities research analysts have recently commented on the company. Jefferies Group reissued a “hold” rating and set a $155.00 price target on shares of Air Products & Chemicals in a research note on Thursday, September 28th. SunTrust Banks boosted their price target on Air Products & Chemicals to $185.00 and gave the stock a “buy” rating in a research note on Monday, November 13th. They noted that the move was a valuation call. UBS raised Air Products & Chemicals from a “neutral” rating to a “positive” rating in a research note on Wednesday, September 13th. Vertical Research upgraded Air Products & Chemicals from a “sell” rating to a “hold” rating and set a $146.00 price objective for the company in a research report on Monday, August 7th. Finally, Citigroup lifted their price objective on Air Products & Chemicals from $172.30 to $185.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $164.80.

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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.

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

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