Commonwealth Equity Services Inc Acquires 1,042 Shares of Air Products & Chemicals, Inc. (APD)

Commonwealth Equity Services Inc increased its position in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 4.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,428 shares of the basic materials company’s stock after buying an additional 1,042 shares during the period. Commonwealth Equity Services Inc’s holdings in Air Products & Chemicals were worth $3,542,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Janus Henderson Group PLC lifted its stake in shares of Air Products & Chemicals by 8,260.1% in the second quarter. Janus Henderson Group PLC now owns 2,720,195 shares of the basic materials company’s stock worth $389,152,000 after buying an additional 2,687,657 shares in the last quarter. BlackRock Inc. increased its position in Air Products & Chemicals by 8.0% during the second quarter. BlackRock Inc. now owns 15,281,219 shares of the basic materials company’s stock worth $2,186,132,000 after purchasing an additional 1,131,879 shares during the last quarter. First Eagle Investment Management LLC increased its position in Air Products & Chemicals by 80.2% during the third quarter. First Eagle Investment Management LLC now owns 2,313,812 shares of the basic materials company’s stock worth $349,895,000 after purchasing an additional 1,029,451 shares during the last quarter. American Century Companies Inc. increased its position in Air Products & Chemicals by 57.2% during the second quarter. American Century Companies Inc. now owns 2,125,659 shares of the basic materials company’s stock worth $304,097,000 after purchasing an additional 773,446 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Air Products & Chemicals by 17.6% during the third quarter. Principal Financial Group Inc. now owns 4,165,311 shares of the basic materials company’s stock worth $629,878,000 after purchasing an additional 624,210 shares during the last quarter. 87.68% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Air Products & Chemicals, Inc. (NYSE APD) traded down $1.56 during trading on Wednesday, hitting $160.42. 815,387 shares of the stock were exchanged, compared to its average volume of 1,295,422. The firm has a market cap of $35,503.63, a PE ratio of 25.74, a price-to-earnings-growth ratio of 1.91 and a beta of 1.24. Air Products & Chemicals, Inc. has a fifty-two week low of $133.63 and a fifty-two week high of $164.65. The company has a quick ratio of 2.23, a current ratio of 2.36 and a debt-to-equity ratio of 0.33.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Shareholders of record on Tuesday, January 2nd will be paid a $0.95 dividend. The ex-dividend date is Friday, December 29th. This represents a $3.80 annualized dividend and a yield of 2.37%. Air Products & Chemicals’s dividend payout ratio is currently 27.82%.

A number of equities research analysts have weighed in on the stock. UBS upgraded shares of Air Products & Chemicals from a “neutral” rating to a “positive” rating in a research report on Wednesday, September 13th. Credit Suisse Group lifted their price target on shares of Air Products & Chemicals from $158.00 to $173.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Argus raised their price objective on shares of Air Products & Chemicals from $159.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, August 28th. SunTrust Banks raised their price objective on shares of Air Products & Chemicals to $185.00 and gave the company a “buy” rating in a research note on Monday, November 13th. They noted that the move was a valuation call. Finally, HSBC raised shares of Air Products & Chemicals from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $164.80.

ILLEGAL ACTIVITY WARNING: This story was posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The legal version of this story can be read at https://stocknewstimes.com/2017/12/06/air-products-and-chemicals-inc-apd-shares-bought-by-commonwealth-equity-services-inc.html.

Air Products & Chemicals Company Profile

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 & Chemicals (NYSE:APD)

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

Latest News

Leave a Reply