Nisa Investment Advisors LLC Boosts Position in Air Products & Chemicals, Inc. (APD)

Nisa Investment Advisors LLC lifted its position in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 3.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,095 shares of the basic materials company’s stock after acquiring an additional 2,750 shares during the period. Nisa Investment Advisors LLC’s holdings in Air Products & Chemicals were worth $12,158,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Quadrant Capital Group LLC raised its position in shares of Air Products & Chemicals by 0.3% during the 2nd quarter. Quadrant Capital Group LLC now owns 10,318 shares of the basic materials company’s stock valued at $1,387,000 after acquiring an additional 26 shares in the last quarter. Sandy Spring Bank increased its position in Air Products & Chemicals by 3.7% in the second quarter. Sandy Spring Bank now owns 2,394 shares of the basic materials company’s stock worth $343,000 after buying an additional 85 shares during the period. Ameritas Investment Partners Inc. increased its position in Air Products & Chemicals by 1.3% in the second quarter. Ameritas Investment Partners Inc. now owns 9,044 shares of the basic materials company’s stock worth $1,293,000 after buying an additional 120 shares during the period. Nordea Investment Management AB increased its position in Air Products & Chemicals by 1.3% in the second quarter. Nordea Investment Management AB now owns 9,500 shares of the basic materials company’s stock worth $1,359,000 after buying an additional 121 shares during the period. Finally, Victory Capital Management Inc. increased its position in Air Products & Chemicals by 3.4% in the second quarter. Victory Capital Management Inc. now owns 4,093 shares of the basic materials company’s stock worth $586,000 after buying an additional 135 shares during the period. 88.01% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have weighed in on the company. Jefferies Group raised Air Products & Chemicals from a “hold” rating to a “buy” rating and increased their target price for the stock from $166.00 to $185.00 in a research report on Monday, December 11th. HSBC raised Air Products & Chemicals from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. raised Air Products & Chemicals from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. SunTrust Banks increased their target price on Air Products & Chemicals to $185.00 and gave the stock a “buy” rating in a research report on Monday, November 13th. They noted that the move was a valuation call. Finally, raised Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a research report on Monday, November 13th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company’s stock. Air Products & Chemicals has an average rating of “Buy” and a consensus target price of $166.79.

Air Products & Chemicals, Inc. (NYSE APD) opened at $170.15 on Friday. Air Products & Chemicals, Inc. has a 52 week low of $133.63 and a 52 week high of $170.53. The stock has a market capitalization of $37,231.71, a price-to-earnings ratio of 12.46, a PEG ratio of 1.71 and a beta of 1.25. The company has a quick ratio of 2.23, a current ratio of 2.36 and a debt-to-equity ratio of 0.33.

Air Products & Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, October 26th. The basic materials company reported $1.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.08. Air Products & Chemicals had a return on equity of 15.25% and a net margin of 36.65%. The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter in the prior year, the business posted $2.01 earnings per share. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. research analysts expect that Air Products & Chemicals, Inc. will post 7.03 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Tuesday, January 2nd will be paid a $0.95 dividend. The ex-dividend date is Friday, December 29th. This represents a $3.80 annualized dividend and a dividend yield of 2.23%. Air Products & Chemicals’s payout ratio is 27.82%.

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Air Products & 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.

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

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