Chicago Equity Partners LLC Purchases Shares of 8,365 Air Products and Chemicals, Inc. (APD)

Chicago Equity Partners LLC purchased a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,365 shares of the basic materials company’s stock, valued at approximately $1,265,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Janus Henderson Group PLC increased its holdings in shares of Air Products and Chemicals by 8,260.1% in the 2nd quarter. Janus Henderson Group PLC now owns 2,720,195 shares of the basic materials company’s stock valued at $389,152,000 after acquiring an additional 2,687,657 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Air Products and Chemicals by 8.0% in the 2nd quarter. BlackRock Inc. now owns 15,281,219 shares of the basic materials company’s stock valued at $2,186,132,000 after acquiring an additional 1,131,879 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Air Products and Chemicals by 57.2% in the 2nd quarter. American Century Companies Inc. now owns 2,125,659 shares of the basic materials company’s stock valued at $304,097,000 after acquiring an additional 773,446 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Air Products and Chemicals by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 17,493,224 shares of the basic materials company’s stock valued at $2,502,580,000 after acquiring an additional 604,454 shares during the last quarter. Finally, UBS Oconnor LLC increased its holdings in shares of Air Products and Chemicals by 340.2% in the 2nd quarter. UBS Oconnor LLC now owns 558,602 shares of the basic materials company’s stock valued at $79,914,000 after acquiring an additional 431,700 shares during the last quarter. Institutional investors own 88.58% of the company’s stock.

A number of research analysts have recently commented on the company. KeyCorp reiterated a “buy” rating and issued a $161.00 price objective on shares of Air Products and Chemicals in a report on Friday, September 8th. upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating in a report on Tuesday. Vertical Research reiterated a “hold” rating and issued a $148.00 price objective (up previously from $146.00) on shares of Air Products and Chemicals in a report on Tuesday, September 12th. Deutsche Bank AG increased their price objective on Air Products and Chemicals from $160.00 to $168.00 and gave the company a “hold” rating in a report on Wednesday, August 2nd. Finally, Susquehanna Bancshares Inc raised their price target on Air Products and Chemicals and gave the stock a “positive” rating in a research note on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the stock. Air Products and Chemicals currently has a consensus rating of “Buy” and an average price target of $164.80.

Shares of Air Products and Chemicals, Inc. (NYSE:APD) opened at $162.15 on Wednesday. Air Products and Chemicals, Inc. has a 1 year low of $133.63 and a 1 year high of $163.56. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.23 and a current ratio of 2.36. The firm has a market capitalization of $35,474.75, a P/E ratio of 25.79, a price-to-earnings-growth ratio of 1.92 and a beta of 1.24.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, October 26th. The basic materials company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.08. Air Products and Chemicals had a return on equity of 15.25% and a net margin of 36.65%. The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same period last year, the firm earned $2.01 EPS. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. equities analysts predict that Air Products and Chemicals, Inc. will post 7 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Shareholders of record on Tuesday, January 2nd will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 2.34%. Air Products and Chemicals’s payout ratio is 27.82%.

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About Air Products and 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 and Chemicals (NYSE:APD)

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