Air Products & Chemicals, Inc. (APD) Position Decreased by Steward Partners Investment Advisory LLC

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Steward Partners Investment Advisory LLC cut its holdings in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 8.0% during the first quarter, Holdings Channel reports. The fund owned 36,011 shares of the basic materials company’s stock after selling 3,148 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Air Products & Chemicals were worth $6,876,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of APD. OMERS ADMINISTRATION Corp acquired a new position in shares of Air Products & Chemicals during the 4th quarter worth approximately $164,779,000. Deutsche Bank AG increased its holdings in shares of Air Products & Chemicals by 96.6% during the 4th quarter. Deutsche Bank AG now owns 1,599,411 shares of the basic materials company’s stock worth $255,979,000 after acquiring an additional 785,837 shares during the last quarter. Norges Bank acquired a new position in shares of Air Products & Chemicals during the 4th quarter worth approximately $95,285,000. Bessemer Group Inc. increased its holdings in shares of Air Products & Chemicals by 21,215.8% during the 4th quarter. Bessemer Group Inc. now owns 597,483 shares of the basic materials company’s stock worth $95,627,000 after acquiring an additional 594,680 shares during the last quarter. Finally, Bahl & Gaynor Inc. increased its holdings in shares of Air Products & Chemicals by 56.4% during the 4th quarter. Bahl & Gaynor Inc. now owns 1,274,149 shares of the basic materials company’s stock worth $203,928,000 after acquiring an additional 459,587 shares during the last quarter. 87.57% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE APD opened at $207.65 on Friday. 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, Inc. has a one year low of $148.44 and a one year high of $207.72. The firm has a market capitalization of $45.30 billion, a price-to-earnings ratio of 27.87, a PEG ratio of 2.12 and a beta of 0.83.

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

APD has been the topic of a number of recent analyst reports. Zacks Investment Research raised Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $179.00 target price on the stock in a report on Tuesday, January 8th. KeyCorp boosted their target price on Air Products & Chemicals from $195.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. JPMorgan Chase & Co. boosted their target price on Air Products & Chemicals from $167.00 to $207.00 and gave the stock 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 boosted their target price for the stock from $170.00 to $215.00 in a report on Thursday, April 25th. Finally, Deutsche Bank boosted their target price on Air Products & Chemicals from $182.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $209.92.

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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.

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

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