Confluence Investment Management LLC Grows Holdings in Air Products & Chemicals, Inc. (NYSE:APD)

Confluence Investment Management LLC lifted its position in Air Products & Chemicals, Inc. (NYSE:APD) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 97,580 shares of the basic materials company’s stock after buying an additional 1,858 shares during the quarter. Confluence Investment Management LLC’s holdings in Air Products & Chemicals were worth $16,011,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of APD. Tortoise Investment Management LLC increased its position in Air Products & Chemicals by 3,369.6% during the third quarter. Tortoise Investment Management LLC now owns 798 shares of the basic materials company’s stock worth $121,000 after acquiring an additional 775 shares during the period. Westwood Holdings Group Inc. increased its position in Air Products & Chemicals by 718.5% during the second quarter. Westwood Holdings Group Inc. now owns 1,105 shares of the basic materials company’s stock worth $158,000 after acquiring an additional 970 shares during the period. San Francisco Sentry Investment Group CA increased its position in Air Products & Chemicals by 6,110.0% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,242 shares of the basic materials company’s stock worth $188,000 after acquiring an additional 1,222 shares during the period. WFG Advisors LP increased its position in Air Products & Chemicals by 47.5% during the second quarter. WFG Advisors LP now owns 1,267 shares of the basic materials company’s stock worth $181,000 after acquiring an additional 408 shares during the period. Finally, First National Trust Co. bought a new position in Air Products & Chemicals during the third quarter worth $201,000. Institutional investors and hedge funds own 88.08% of the company’s stock.

Shares of Air Products & Chemicals, Inc. (APD) traded up $0.07 during midday trading on Wednesday, reaching $168.37. 1,867,444 shares of the company traded hands, compared to its average volume of 1,080,000. The firm has a market cap of $36,840.00, a P/E ratio of 35.67, a price-to-earnings-growth ratio of 1.62 and a beta of 1.24. The company has a current ratio of 2.92, a quick ratio of 2.73 and a debt-to-equity ratio of 0.33. Air Products & Chemicals, Inc. has a 1-year low of $133.63 and a 1-year high of $175.17.

Air Products & Chemicals (NYSE:APD) last issued its quarterly earnings results on Friday, January 26th. The basic materials company reported $1.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.13. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.12 billion. Air Products & Chemicals had a net margin of 33.51% and a return on equity of 14.80%. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.47 EPS. research analysts predict that Air Products & Chemicals, Inc. will post 7.33 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 14th. Investors of record on Monday, April 2nd will be given a dividend of $1.10 per share. This is an increase from Air Products & Chemicals’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $4.40 annualized dividend and a yield of 2.61%. Air Products & Chemicals’s dividend payout ratio is 80.51%.

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered shares of Air Products & Chemicals from an “overweight” rating to a “neutral” rating and set a $170.00 target price on the stock. in a research report on Monday. Monness Crespi & Hardt boosted their price target on shares of Air Products & Chemicals from $180.00 to $190.00 and gave the company a “buy” rating in a report on Monday. Credit Suisse Group set a $181.00 price target on shares of Air Products & Chemicals and gave the company a “buy” rating in a report on Monday. Jefferies Group reissued a “buy” rating and issued a $195.00 price target on shares of Air Products & Chemicals in a report on Monday. Finally, Seaport Global Securities reissued a “buy” rating and issued a $185.00 price target on shares of Air Products & Chemicals in a report on Monday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $175.38.

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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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