M Holdings Securities Inc. raised its holdings in Air Products & Chemicals (NYSE:APD) by 12.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,223 shares of the basic materials company’s stock after purchasing an additional 475 shares during the quarter. M Holdings Securities Inc.’s holdings in Air Products & Chemicals were worth $1,123,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its holdings in shares of Air Products & Chemicals by 2.9% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 716,174 shares of the basic materials company’s stock worth $108,300,000 after buying an additional 19,863 shares during the last quarter. W. E. Donoghue & Co. LLC acquired a new stake in shares of Air Products & Chemicals in the 4th quarter valued at $2,696,000. Prudential Financial Inc. boosted its holdings in shares of Air Products & Chemicals by 239.8% in the third quarter. Prudential Financial Inc. now owns 1,071,131 shares of the basic materials company’s stock valued at $161,977,000 after acquiring an additional 755,930 shares in the last quarter. Fayez Sarofim & Co. increased its position in Air Products & Chemicals by 0.7% during the third quarter. Fayez Sarofim & Co. now owns 540,693 shares of the basic materials company’s stock worth $81,762,000 after purchasing an additional 3,975 shares during the last quarter. Finally, Ffcm LLC increased its position in Air Products & Chemicals by 21.4% during the third quarter. Ffcm LLC now owns 9,622 shares of the basic materials company’s stock worth $1,455,000 after purchasing an additional 1,698 shares during the last quarter. 87.70% of the stock is currently owned by institutional investors.
A number of analysts recently weighed in on APD shares. Zacks Investment Research cut shares of Air Products & Chemicals from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Monness Crespi & Hardt raised their target price on shares of Air Products & Chemicals from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Citigroup raised their price objective on shares of Air Products & Chemicals from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Jefferies Group upgraded shares of Air Products & Chemicals from a “hold” rating to a “buy” rating and raised their target price for the stock from $166.00 to $185.00 in a report on Monday, December 11th. Finally, JPMorgan Chase upgraded shares of Air Products & Chemicals from a “neutral” rating to an “overweight” rating in a report on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and sixteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $180.12.
Shares of APD opened at $159.96 on Friday. Air Products & Chemicals has a 52-week low of $134.17 and a 52-week high of $175.17. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.92 and a quick ratio of 2.73. The company has a market capitalization of $35,930.13, a P/E ratio of 25.35, a price-to-earnings-growth ratio of 1.38 and a beta of 1.22.
Air Products & Chemicals (NYSE:APD) last announced its quarterly earnings data on Friday, January 26th. The basic materials company reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.13. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.12 billion. Air Products & Chemicals had a return on equity of 14.80% and a net margin of 33.51%. The business’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.47 EPS. equities analysts forecast that Air Products & Chemicals will post 7.32 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 14th. Investors of record on Monday, April 2nd will be paid a $1.10 dividend. The ex-dividend date is Thursday, March 29th. This is a positive change from Air Products & Chemicals’s previous quarterly dividend of $0.95. This represents a $4.40 annualized dividend and a yield of 2.75%. Air Products & Chemicals’s dividend payout ratio (DPR) is 69.73%.
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Air Products & Chemicals Company Profile
Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, electronics and performance materials, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including metals, glass, chemical processing, electronics, energy production and refining, food processing, metallurgical, medical, and general manufacturing.
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