Wealthsource Partners LLC purchased a new stake in shares of Air Products & Chemicals, Inc. (NYSE:APD) during the third quarter, HoldingsChannel.com reports. The fund purchased 1,435 shares of the basic materials company’s stock, valued at approximately $240,000.

A number of other large investors have also bought and sold shares of APD. Braun Bostich & Associates Inc. raised its holdings in Air Products & Chemicals by 542.6% during the second quarter. Braun Bostich & Associates Inc. now owns 739 shares of the basic materials company’s stock valued at $115,000 after acquiring an additional 624 shares during the period. Honkamp Krueger Financial Services Inc. bought a new stake in Air Products & Chemicals during the third quarter valued at about $116,000. NuWave Investment Management LLC raised its holdings in Air Products & Chemicals by 8,770.0% during the third quarter. NuWave Investment Management LLC now owns 887 shares of the basic materials company’s stock valued at $148,000 after acquiring an additional 877 shares during the period. Private Capital Group LLC raised its holdings in Air Products & Chemicals by 52.6% during the second quarter. Private Capital Group LLC now owns 1,245 shares of the basic materials company’s stock valued at $195,000 after acquiring an additional 429 shares during the period. Finally, Douglass Winthrop Advisors LLC bought a new stake in Air Products & Chemicals during the third quarter valued at about $200,000. 86.29% of the stock is currently owned by institutional investors and hedge funds.

Shares of APD stock opened at $157.16 on Friday. Air Products & Chemicals, Inc. has a 12-month low of $148.44 and a 12-month high of $175.17. The company has a current ratio of 2.17, a quick ratio of 2.00 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $35.43 billion, a PE ratio of 21.10, a PEG ratio of 1.67 and a beta of 1.10.

Air Products & Chemicals (NYSE:APD) last issued its earnings results on Tuesday, November 6th. The basic materials company reported $2.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.01. Air Products & Chemicals had a return on equity of 15.30% and a net margin of 16.77%. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same period in the previous year, the firm posted $1.76 earnings per share. The business’s revenue was up 4.3% compared to the same quarter last year. As a group, analysts predict that Air Products & Chemicals, Inc. will post 8.19 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 11th. Shareholders of record on Wednesday, January 2nd will be paid a dividend of $1.10 per share. The ex-dividend date is Monday, December 31st. This represents a $4.40 annualized dividend and a yield of 2.80%. Air Products & Chemicals’s payout ratio is currently 59.06%.

In related news, Chairman Seifi Ghasemi acquired 20,000 shares of Air Products & Chemicals stock in a transaction on Monday, November 12th. The shares were bought at an average cost of $160.11 per share, with a total value of $3,202,200.00. Following the completion of the purchase, the chairman now directly owns 408,652 shares of the company’s stock, valued at approximately $65,429,271.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.37% of the company’s stock.

A number of research firms have commented on APD. Zacks Investment Research raised Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $179.00 price target on the stock in a report on Tuesday, November 13th. ValuEngine raised Air Products & Chemicals from a “hold” rating to a “buy” rating in a report on Friday, November 16th. BMO Capital Markets lifted their target price on Air Products & Chemicals from $197.00 to $202.00 and gave the stock an “outperform” rating in a report on Tuesday, August 14th. Deutsche Bank lifted their target price on Air Products & Chemicals from $190.00 to $192.00 and gave the stock a “buy” rating in a report on Tuesday, August 14th. Finally, Sanford C. Bernstein assumed coverage on Air Products & Chemicals in a report on Monday, September 24th. They issued an “outperform” rating and a $202.00 target price on the stock. Fifteen equities research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus target price of $190.08.

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About Air Products & Chemicals

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, electronics and performance materials, 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 metals, glass, chemical processing, electronics, energy production and refining, food processing, metallurgical, medical, and general manufacturing.

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

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