TCW Group Inc. decreased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 1.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 485,001 shares of the basic materials company’s stock after selling 9,371 shares during the quarter. TCW Group Inc. owned 0.22% of Air Products and Chemicals worth $73,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Patten Group Inc. increased its stake in Air Products and Chemicals by 3.7% in the 1st quarter. Patten Group Inc. now owns 778 shares of the basic materials company’s stock worth $105,000 after acquiring an additional 28 shares during the last quarter. IMS Capital Management bought a new stake in Air Products and Chemicals in the 2nd quarter worth approximately $129,000. Armbruster Capital Management Inc. increased its stake in Air Products and Chemicals by 13.5% in the 2nd quarter. Armbruster Capital Management Inc. now owns 908 shares of the basic materials company’s stock worth $130,000 after acquiring an additional 108 shares during the last quarter. Hanson & Doremus Investment Management increased its stake in Air Products and Chemicals by 8.8% in the 2nd quarter. Hanson & Doremus Investment Management now owns 931 shares of the basic materials company’s stock worth $133,000 after acquiring an additional 75 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in Air Products and Chemicals by 25.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 1,020 shares of the basic materials company’s stock worth $145,000 after acquiring an additional 210 shares during the last quarter. 88.58% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals, Inc. (NYSE APD) traded down $0.62 on Tuesday, reaching $162.14. The company had a trading volume of 317,443 shares, compared to its average volume of 1,332,517. Air Products and Chemicals, Inc. has a one year low of $133.63 and a one year high of $163.56. The company has a current ratio of 2.36, a quick ratio of 2.23 and a debt-to-equity ratio of 0.33. The stock has a market cap of $34,938.57, a PE ratio of 25.40, a P/E/G ratio of 1.89 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 (EPS) for the quarter, beating the Zacks’ consensus estimate 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 quarter in the previous year, the business earned $2.01 EPS. Air Products and Chemicals’s revenue was up 13.2% compared to the same quarter last year. sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 7 EPS for the current fiscal year.

A number of analysts have issued reports on the company. Deutsche Bank AG lifted their price objective on Air Products and Chemicals from $160.00 to $168.00 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. SunTrust Banks, Inc. lifted their price objective on Air Products and Chemicals to $185.00 and gave the stock a “buy” rating in a research note on Monday. They noted that the move was a valuation call. Susquehanna Bancshares Inc lifted their price objective on Air Products and Chemicals and gave the stock a “positive” rating in a research note on Tuesday, November 7th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $155.00 price objective on shares of Air Products and Chemicals in a research note on Thursday, September 28th. Finally, Barclays PLC reaffirmed a “buy” rating and issued a $170.00 price objective on shares of Air Products and Chemicals in a research note on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $164.80.

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Air Products and 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.

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

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