Archford Capital Strategies LLC acquired a new position in shares of Air Products & Chemicals, Inc. (NYSE:APD) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,973 shares of the basic materials company’s stock, valued at approximately $298,000.

Other hedge funds also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC raised its holdings in Air Products & Chemicals by 3,369.6% during the third quarter. Tortoise Investment Management LLC now owns 798 shares of the basic materials company’s stock worth $121,000 after purchasing an additional 775 shares in the last quarter. IMS Capital Management acquired a new stake in Air Products & Chemicals during the second quarter worth approximately $129,000. Armbruster Capital Management Inc. raised its holdings in Air Products & Chemicals by 13.5% during the second quarter. Armbruster Capital Management Inc. now owns 908 shares of the basic materials company’s stock worth $130,000 after purchasing an additional 108 shares in the last quarter. Mosaic Family Wealth LLC raised its holdings in Air Products & Chemicals by 7.0% during the second quarter. Mosaic Family Wealth LLC now owns 1,070 shares of the basic materials company’s stock worth $153,000 after purchasing an additional 70 shares in the last quarter. Finally, Westwood Holdings Group Inc. raised its holdings in Air Products & Chemicals by 718.5% during the second quarter. Westwood Holdings Group Inc. now owns 1,105 shares of the basic materials company’s stock worth $158,000 after purchasing an additional 970 shares in the last quarter. 88.17% of the stock is currently owned by institutional investors.

Air Products & Chemicals, Inc. (NYSE:APD) opened at $160.53 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.36 and a quick ratio of 2.23. The stock has a market cap of $35,523.30, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 1.64 and a beta of 1.24. Air Products & Chemicals, Inc. has a 12 month low of $133.63 and a 12 month high of $164.65.

Air Products & Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, October 26th. The basic materials company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.08. The company 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%. Air Products & Chemicals’s revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.01 EPS. equities research analysts anticipate that Air Products & Chemicals, Inc. will post 7 earnings per share for the current fiscal 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 of this dividend 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 analysts have weighed in on the stock. Jefferies Group raised shares of Air Products & Chemicals from a “hold” rating to a “buy” rating and raised their price objective for the stock from $166.00 to $185.00 in a report on Monday. HSBC raised shares of Air Products & Chemicals from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. raised shares of Air Products & Chemicals from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. SunTrust Banks lifted their target price on shares of Air Products & Chemicals to $185.00 and gave the company a “buy” rating in a report on Monday, November 13th. They noted that the move was a valuation call. Finally, raised shares of Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a report on Monday, November 13th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $166.80.

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About Air Products & 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 & Chemicals (NYSE:APD)

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