US Bancorp DE Has $15.70 Million Position in Air Products & Chemicals, Inc. (APD)

US Bancorp DE decreased its stake in Air Products & Chemicals, Inc. (NYSE:APD) by 3.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,978 shares of the basic materials company’s stock after selling 2,998 shares during the period. US Bancorp DE’s holdings in Air Products & Chemicals were worth $15,698,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. CAPROCK Group Inc. raised its stake in shares of Air Products & Chemicals by 13.8% during the second quarter. CAPROCK Group Inc. now owns 2,705 shares of the basic materials company’s stock valued at $424,000 after acquiring an additional 327 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Air Products & Chemicals by 2.2% during the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 15,643 shares of the basic materials company’s stock valued at $2,436,000 after acquiring an additional 330 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Air Products & Chemicals by 4.3% during the second quarter. Daiwa Securities Group Inc. now owns 8,343 shares of the basic materials company’s stock valued at $1,299,000 after acquiring an additional 344 shares during the last quarter. Cordasco Financial Network raised its stake in shares of Air Products & Chemicals by 4.6% during the second quarter. Cordasco Financial Network now owns 8,025 shares of the basic materials company’s stock valued at $1,250,000 after acquiring an additional 350 shares during the last quarter. Finally, Advisor Partners LLC raised its stake in shares of Air Products & Chemicals by 6.5% during the second quarter. Advisor Partners LLC now owns 5,826 shares of the basic materials company’s stock valued at $907,000 after acquiring an additional 355 shares during the last quarter. 86.19% of the stock is owned by institutional investors and hedge funds.

APD opened at $158.09 on Wednesday. Air Products & Chemicals, Inc. has a twelve month low of $148.44 and a twelve month high of $175.17. The company has a quick ratio of 2.24, a current ratio of 2.40 and a debt-to-equity ratio of 0.35. The firm has a market cap of $34.17 billion, a PE ratio of 25.05, a PEG ratio of 1.43 and a beta of 1.08.

Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings data on Tuesday, November 6th. The basic materials company reported $2.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.01. Air Products & Chemicals had a net margin of 17.13% and a return on equity of 15.15%. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same period in the prior year, the company posted $1.76 earnings per share. Air Products & Chemicals’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, research analysts anticipate that Air Products & Chemicals, Inc. will post 7.45 earnings per share for the current fiscal year.

APD has been the subject of several analyst reports. Citigroup raised their price target on shares of Air Products & Chemicals from $198.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, July 11th. Deutsche Bank raised their price target on shares of Air Products & Chemicals from $190.00 to $192.00 and gave the company a “buy” rating in a research note on Tuesday, August 14th. Vertical Research upgraded shares of Air Products & Chemicals from a “hold” rating to a “buy” rating in a research report on Wednesday, August 29th. BMO Capital Markets reiterated a “buy” rating and set a $197.00 price objective (up from $195.00) on shares of Air Products & Chemicals in a research report on Friday, July 27th. Finally, Credit Suisse Group increased their price objective on shares of Air Products & Chemicals from $182.00 to $188.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. Two equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $188.07.

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

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