Stratos Wealth Partners LTD. raised its stake in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 0.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,025 shares of the basic materials company’s stock after purchasing an additional 147 shares during the period. Stratos Wealth Partners LTD.’s holdings in Air Products & Chemicals were worth $4,015,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of APD. 1832 Asset Management L.P. grew its holdings in Air Products & Chemicals by 2,002.7% during the 4th quarter. 1832 Asset Management L.P. now owns 353,219 shares of the basic materials company’s stock valued at $56,469,000 after purchasing an additional 336,421 shares in the last quarter. Truvestments Capital LLC acquired a new stake in Air Products & Chemicals during the 1st quarter valued at $79,000. Bfsg LLC acquired a new stake in Air Products & Chemicals during the 1st quarter valued at $605,000. PagnatoKarp Partners LLC grew its holdings in Air Products & Chemicals by 45.7% during the 1st quarter. PagnatoKarp Partners LLC now owns 3,270 shares of the basic materials company’s stock valued at $628,000 after purchasing an additional 1,026 shares in the last quarter. Finally, Hayden Royal LLC bought a new position in Air Products & Chemicals during the 4th quarter valued at $310,000. 87.41% of the stock is owned by hedge funds and other institutional investors.

APD has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Air Products & Chemicals from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. Credit Suisse Group increased their price objective on shares of Air Products & Chemicals from $188.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. KeyCorp increased their price objective on shares of Air Products & Chemicals from $195.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. BMO Capital Markets increased their price objective on shares of Air Products & Chemicals from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Tuesday, April 9th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Air Products & Chemicals from $167.00 to $207.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $211.50.

Air Products & Chemicals stock traded up $3.04 during trading hours on Thursday, hitting $208.06. 11,684 shares of the company traded hands, compared to its average volume of 1,172,940. The stock has a market cap of $45.03 billion, a price-to-earnings ratio of 27.94, a PEG ratio of 2.11 and a beta of 0.83. The company has a current ratio of 2.36, a quick ratio of 2.16 and a debt-to-equity ratio of 0.29. Air Products & Chemicals, Inc. has a 1-year low of $148.44 and a 1-year high of $209.86.

Air Products & Chemicals (NYSE:APD) last released its earnings results on Wednesday, April 24th. The basic materials company reported $1.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.88 by $0.04. The firm had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.23 billion. Air Products & Chemicals had a net margin of 18.90% and a return on equity of 15.28%. Air Products & Chemicals’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company earned $1.71 EPS. Research analysts expect that Air Products & Chemicals, Inc. will post 8.22 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 12th. Stockholders of record on Monday, July 1st will be paid a $1.16 dividend. The ex-dividend date is Friday, June 28th. This represents a $4.64 annualized dividend and a dividend yield of 2.23%. Air Products & Chemicals’s dividend payout ratio is currently 62.28%.

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About Air Products & Chemicals

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, 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 refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

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

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