Donaldson Capital Management LLC Acquires 1,715 Shares of Air Products & Chemicals, Inc. (APD)

Donaldson Capital Management LLC boosted its holdings in Air Products & Chemicals, Inc. (NYSE:APD) by 1.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 167,192 shares of the basic materials company’s stock after acquiring an additional 1,715 shares during the quarter. Air Products & Chemicals accounts for approximately 2.4% of Donaldson Capital Management LLC’s investment portfolio, making the stock its 18th biggest holding. Donaldson Capital Management LLC owned 0.08% of Air Products & Chemicals worth $27,930,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Braun Bostich & Associates Inc. lifted its position in shares of Air Products & Chemicals by 542.6% during the 2nd quarter. Braun Bostich & Associates Inc. now owns 739 shares of the basic materials company’s stock worth $115,000 after buying an additional 624 shares in the last quarter. IMS Capital Management bought a new position in shares of Air Products & Chemicals during the 2nd quarter worth approximately $146,000. NuWave Investment Management LLC lifted its position in shares of Air Products & Chemicals by 8,770.0% during the 3rd quarter. NuWave Investment Management LLC now owns 887 shares of the basic materials company’s stock worth $148,000 after buying an additional 877 shares in the last quarter. Private Capital Group LLC lifted its position in shares of Air Products & Chemicals by 52.6% during the 2nd quarter. Private Capital Group LLC now owns 1,245 shares of the basic materials company’s stock worth $195,000 after buying an additional 429 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC bought a new position in shares of Air Products & Chemicals during the 3rd quarter worth approximately $200,000. 86.19% of the stock is currently owned by institutional investors and hedge funds.

Shares of APD stock opened at $159.90 on Friday. The company has a quick ratio of 2.24, a current ratio of 2.17 and a debt-to-equity ratio of 0.30. Air Products & Chemicals, Inc. has a 12-month low of $148.44 and a 12-month high of $175.17. The company has a market cap of $35.36 billion, a PE ratio of 21.64, a P/E/G ratio of 1.60 and a beta of 1.08.

Air Products & Chemicals (NYSE:APD) last issued its quarterly earnings results on Tuesday, November 6th. The basic materials company reported $2.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.01. Air Products & Chemicals had a net margin of 16.77% and a return on equity of 15.30%. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter last year, the business posted $1.76 EPS. Air Products & Chemicals’s quarterly revenue was up 4.3% compared to the same quarter last year. Equities analysts forecast that Air Products & Chemicals, Inc. will post 8.2 earnings per share for the current fiscal year.

APD has been the topic of several recent analyst reports. ValuEngine raised shares of Air Products & Chemicals from a “hold” rating to a “buy” rating in a research report on Thursday, October 4th. Deutsche Bank lifted their target price on shares of Air Products & Chemicals from $190.00 to $192.00 and gave the stock a “buy” rating in a research report on Tuesday, August 14th. Vertical Research raised shares of Air Products & Chemicals from a “hold” rating to a “buy” rating in a research report on Wednesday, August 29th. BMO Capital Markets reissued a “buy” rating and set a $197.00 target price (up previously from $195.00) on shares of Air Products & Chemicals in a research report on Friday, July 27th. Finally, Credit Suisse Group lifted their target price 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 seventeen have given a buy rating to the company. Air Products & Chemicals has an average rating of “Buy” and an average target price of $187.64.

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

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