Family Firm Inc. Buys New Position in Air Products & Chemicals, Inc. (APD)

Family Firm Inc. bought a new stake in Air Products & Chemicals, Inc. (NYSE:APD) during the first quarter, HoldingsChannel.com reports. The firm bought 1,055 shares of the basic materials company’s stock, valued at approximately $201,000.

A number of other hedge funds also recently bought and sold shares of APD. OMERS ADMINISTRATION Corp acquired a new position in shares of Air Products & Chemicals during the fourth quarter valued at $164,779,000. Deutsche Bank AG increased its holdings in shares of Air Products & Chemicals by 96.6% during the fourth quarter. Deutsche Bank AG now owns 1,599,411 shares of the basic materials company’s stock valued at $255,979,000 after purchasing an additional 785,837 shares during the period. Norges Bank acquired a new position in shares of Air Products & Chemicals during the fourth quarter valued at $95,285,000. Bessemer Group Inc. increased its holdings in shares of Air Products & Chemicals by 21,215.8% during the fourth quarter. Bessemer Group Inc. now owns 597,483 shares of the basic materials company’s stock valued at $95,627,000 after purchasing an additional 594,680 shares during the period. Finally, Bahl & Gaynor Inc. increased its holdings in shares of Air Products & Chemicals by 56.4% during the fourth quarter. Bahl & Gaynor Inc. now owns 1,274,149 shares of the basic materials company’s stock valued at $203,928,000 after purchasing an additional 459,587 shares during the period. Institutional investors own 87.41% of the company’s stock.

NYSE:APD opened at $205.02 on Thursday. The stock has a market cap of $45.03 billion, a P/E ratio of 27.52, a PEG ratio of 2.11 and a beta of 0.83. Air Products & Chemicals, Inc. has a 52-week low of $148.44 and a 52-week high of $209.86. The company has a current ratio of 2.36, a quick ratio of 2.16 and a debt-to-equity ratio of 0.29.

Air Products & Chemicals (NYSE:APD) last released its earnings results on Wednesday, April 24th. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.04. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. Air Products & Chemicals had a return on equity of 15.28% and a net margin of 18.90%. Air Products & Chemicals’s revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.71 earnings per share. Sell-side analysts anticipate that Air Products & Chemicals, Inc. will post 8.22 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 12th. Investors of record on Monday, July 1st will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Friday, June 28th. Air Products & Chemicals’s payout ratio is currently 62.28%.

A number of research analysts have recently commented on the company. BMO Capital Markets raised their price target on Air Products & Chemicals to $235.00 and gave the company an “outperform” rating in a report on Monday. Barclays raised their price target on Air Products & Chemicals from $184.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, April 26th. JPMorgan Chase & Co. raised their price target on Air Products & Chemicals from $167.00 to $207.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Bank of America raised Air Products & Chemicals from an “underperform” rating to a “neutral” rating and raised their price target for the company from $170.00 to $215.00 in a report on Thursday, April 25th. Finally, Deutsche Bank raised their price target on Air Products & Chemicals from $182.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company’s stock. Air Products & Chemicals has an average rating of “Buy” and a consensus price target of $211.50.

COPYRIGHT VIOLATION NOTICE: This piece was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be read at https://www.dispatchtribunal.com/2019/05/16/family-firm-inc-buys-new-position-in-air-products-chemicals-inc-apd.html.

Air Products & Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, 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 refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

Featured Story: Recession

Want to see what other hedge funds are holding APD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Air Products & Chemicals, Inc. (NYSE:APD).

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

Receive News & Ratings for Air Products & Chemicals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Products & Chemicals and related companies with MarketBeat.com's FREE daily email newsletter.