Fox Run Management L.L.C. Purchases Shares of 5,200 Air Products & Chemicals, Inc. (APD)

Fox Run Management L.L.C. acquired a new stake in shares of Air Products & Chemicals, Inc. (NYSE:APD) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,200 shares of the basic materials company’s stock, valued at approximately $853,000.

A number of other hedge funds also recently modified their holdings of the stock. Janus Henderson Group PLC boosted its holdings in 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 acquiring an additional 2,687,657 shares in the last quarter. Findlay Park Partners LLP acquired a new stake in shares of Air Products & Chemicals during the third quarter worth about $362,928,000. First Eagle Investment Management LLC raised 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 valued at $349,895,000 after acquiring an additional 1,029,451 shares in the last quarter. Prudential Financial Inc. raised its position in Air Products & Chemicals by 239.8% during the third quarter. Prudential Financial Inc. now owns 1,071,131 shares of the basic materials company’s stock valued at $161,977,000 after acquiring an additional 755,930 shares in the last quarter. Finally, Principal Financial Group Inc. raised 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 valued at $629,878,000 after acquiring an additional 624,210 shares in the last quarter. 88.01% of the stock is currently owned by institutional investors.

Shares of Air Products & Chemicals, Inc. (NYSE APD) traded up $5.29 during trading on Friday, hitting $158.09. The stock had a trading volume of 1,783,303 shares, compared to its average volume of 1,417,894. Air Products & Chemicals, Inc. has a twelve month low of $133.63 and a twelve month high of $175.17. The firm has a market cap of $34,612.07, a price-to-earnings ratio of 12.17, a PEG ratio of 1.54 and a beta of 1.22. The company has a current ratio of 2.92, a quick ratio of 2.73 and a debt-to-equity ratio of 0.33.

Air Products & Chemicals (NYSE:APD) last announced its quarterly earnings results on Friday, January 26th. The basic materials company reported $1.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.66 by $0.13. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.12 billion. Air Products & Chemicals had a return on equity of 14.80% and a net margin of 33.51%. The company’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.47 EPS. research analysts expect that Air Products & Chemicals, Inc. will post 7.32 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 14th. Investors of record on Monday, April 2nd will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Thursday, March 29th. This is an increase from Air Products & Chemicals’s previous quarterly dividend of $0.95. Air Products & Chemicals’s payout ratio is currently 29.25%.

APD has been the subject of several recent research reports. Citigroup lifted their price target on Air Products & Chemicals from $172.30 to $185.00 and gave the company a “buy” rating in a research report on Friday, October 27th. SunTrust Banks restated a “buy” rating and issued a $175.00 price objective on shares of Air Products & Chemicals in a research report on Friday, October 27th. Barclays boosted their price objective on Air Products & Chemicals from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, October 27th. Credit Suisse Group boosted their price objective on Air Products & Chemicals from $158.00 to $173.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Finally, UBS Group boosted their price objective on Air Products & Chemicals from $162.00 to $172.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $175.38.

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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)

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