Air Products & Chemicals, Inc. (APD) Shares Bought by Congress Asset Management Co. MA

Congress Asset Management Co. MA boosted its holdings in Air Products & Chemicals, Inc. (NYSE:APD) by 1.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 314,375 shares of the basic materials company’s stock after purchasing an additional 3,176 shares during the quarter. Congress Asset Management Co. MA owned about 0.14% of Air Products & Chemicals worth $52,516,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Barings LLC increased its holdings in Air Products & Chemicals by 8.6% in the third quarter. Barings LLC now owns 21,158 shares of the basic materials company’s stock worth $3,534,000 after purchasing an additional 1,670 shares in the last quarter. State Treasurer State of Michigan increased its holdings in Air Products & Chemicals by 0.6% in the third quarter. State Treasurer State of Michigan now owns 65,302 shares of the basic materials company’s stock worth $10,909,000 after purchasing an additional 400 shares in the last quarter. Rossmore Private Capital bought a new stake in Air Products & Chemicals in the third quarter worth approximately $257,000. Alps Advisors Inc. increased its holdings in Air Products & Chemicals by 418.7% in the third quarter. Alps Advisors Inc. now owns 7,044 shares of the basic materials company’s stock worth $1,177,000 after purchasing an additional 5,686 shares in the last quarter. Finally, Brightworth increased its holdings in Air Products & Chemicals by 2.2% in the third quarter. Brightworth now owns 41,505 shares of the basic materials company’s stock worth $6,933,000 after purchasing an additional 903 shares in the last quarter. Institutional investors and hedge funds own 86.19% of the company’s stock.

APD has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Air Products & Chemicals from a “buy” rating to a “hold” rating in a report on Monday, October 1st. Vertical Research upgraded Air Products & Chemicals from a “hold” rating to a “buy” rating in a report on Wednesday, August 29th. BNP Paribas initiated coverage on Air Products & Chemicals in a report on Tuesday, October 2nd. They set an “outperform” rating for the company. ValuEngine upgraded Air Products & Chemicals from a “hold” rating to a “buy” rating in a report on Thursday, October 4th. Finally, BMO Capital Markets restated a “buy” rating and set a $197.00 price objective (up previously from $195.00) on shares of Air Products & Chemicals in a report on Friday, July 27th. Two research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Air Products & Chemicals presently has a consensus rating of “Buy” and an average price target of $186.65.



NYSE APD opened at $149.43 on Friday. The company has a market cap of $33.22 billion, a PE ratio of 21.01, a PEG ratio of 1.39 and a beta of 1.05. Air Products & Chemicals, Inc. has a 52 week low of $148.44 and a 52 week high of $175.17. The company has a quick ratio of 2.24, a current ratio of 2.40 and a debt-to-equity ratio of 0.35.

Air Products & Chemicals (NYSE:APD) last released its quarterly earnings data on Thursday, July 26th. The basic materials company reported $1.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.11. The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.31 billion. Air Products & Chemicals had a return on equity of 15.15% and a net margin of 17.13%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.65 earnings per share. On average, equities analysts anticipate that Air Products & Chemicals, Inc. will post 7.45 earnings per share for the current fiscal year.

Air Products & Chemicals Company Profile

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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