Saturna Capital CORP Acquires 800 Shares of Air Products & Chemicals, Inc. (NYSE:APD)

Saturna Capital CORP increased its position in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 201,250 shares of the basic materials company’s stock after acquiring an additional 800 shares during the quarter. Saturna Capital CORP owned about 0.09% of Air Products & Chemicals worth $33,021,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. boosted its stake in Air Products & Chemicals by 1.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,044 shares of the basic materials company’s stock worth $1,293,000 after acquiring an additional 120 shares during the last quarter. Cypress Capital Group raised its holdings in Air Products & Chemicals by 1.3% during the 2nd quarter. Cypress Capital Group now owns 14,804 shares of the basic materials company’s stock worth $2,118,000 after buying an additional 192 shares during the period. First National Trust Co raised its holdings in Air Products & Chemicals by 23.3% during the 4th quarter. First National Trust Co now owns 1,637 shares of the basic materials company’s stock worth $269,000 after buying an additional 309 shares during the period. Welch & Forbes LLC raised its holdings in Air Products & Chemicals by 0.6% during the 3rd quarter. Welch & Forbes LLC now owns 52,871 shares of the basic materials company’s stock worth $7,996,000 after buying an additional 316 shares during the period. Finally, Advisor Partners LLC raised its holdings in Air Products & Chemicals by 6.7% during the 4th quarter. Advisor Partners LLC now owns 5,174 shares of the basic materials company’s stock worth $868,000 after buying an additional 324 shares during the period. 87.03% of the stock is currently owned by institutional investors and hedge funds.

Shares of Air Products & Chemicals, Inc. (NYSE APD) traded up $0.03 on Wednesday, reaching $159.47. 365,637 shares of the company were exchanged, compared to its average volume of 1,271,871. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.73 and a current ratio of 2.92. Air Products & Chemicals, Inc. has a fifty-two week low of $133.63 and a fifty-two week high of $175.17. The firm has a market capitalization of $34,960.23, a P/E ratio of 12.22, a price-to-earnings-growth ratio of 1.55 and a beta of 1.22.

Air Products & Chemicals (NYSE:APD) last released its quarterly earnings data on Friday, January 26th. The basic materials company reported $1.79 EPS for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.13. Air Products & Chemicals had a net margin of 33.51% and a return on equity of 14.80%. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the previous year, the business posted $1.47 earnings per share. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. analysts predict that Air Products & Chemicals, Inc. will post 7.32 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 14th. Shareholders of record on Monday, April 2nd will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.76%. This is a boost from Air Products & Chemicals’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, March 29th. Air Products & Chemicals’s payout ratio is 29.25%.

Several analysts have commented on the stock. Jefferies Group restated a “buy” rating and set a $195.00 target price on shares of Air Products & Chemicals in a report on Monday, January 29th. KeyCorp lifted their price objective on shares of Air Products & Chemicals from $175.00 to $184.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. JPMorgan Chase & Co. upgraded shares of Air Products & Chemicals from a “neutral” rating to an “overweight” rating in a report on Friday, February 9th. Citigroup lifted their price objective on shares of Air Products & Chemicals from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Finally, SunTrust Banks boosted their target price on shares of Air Products & Chemicals to $185.00 and gave the stock a “buy” rating in a report on Monday, November 13th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $178.33.

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About Air Products & Chemicals

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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