Barings LLC Has $3.53 Million Holdings in Air Products & Chemicals, Inc. (APD)

Barings LLC boosted its stake in Air Products & Chemicals, Inc. (NYSE:APD) by 8.6% in the third quarter, HoldingsChannel.com reports. The fund owned 21,158 shares of the basic materials company’s stock after buying an additional 1,670 shares during the quarter. Barings LLC’s holdings in Air Products & Chemicals were worth $3,534,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in Air Products & Chemicals by 1.1% in the 2nd quarter. Bank of America Corp DE now owns 7,224,475 shares of the basic materials company’s stock worth $1,125,067,000 after acquiring an additional 75,105 shares during the period. FMR LLC boosted its stake in shares of Air Products & Chemicals by 52.8% during the 2nd quarter. FMR LLC now owns 4,457,144 shares of the basic materials company’s stock valued at $694,111,000 after buying an additional 1,540,875 shares during the last quarter. Findlay Park Partners LLP boosted its stake in shares of Air Products & Chemicals by 6.7% during the 2nd quarter. Findlay Park Partners LLP now owns 3,200,000 shares of the basic materials company’s stock valued at $498,336,000 after buying an additional 200,000 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Air Products & Chemicals by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,148,186 shares of the basic materials company’s stock valued at $490,265,000 after buying an additional 68,094 shares during the last quarter. Finally, Luminus Management LLC boosted its stake in shares of Air Products & Chemicals by 14.3% during the 2nd quarter. Luminus Management LLC now owns 1,925,589 shares of the basic materials company’s stock valued at $299,872,000 after buying an additional 240,918 shares during the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

APD stock opened at $150.96 on Tuesday. The company has a current ratio of 2.40, a quick ratio of 2.24 and a debt-to-equity ratio of 0.35. The company has a market cap of $32.77 billion, a P/E ratio of 23.92, a PEG ratio of 1.37 and a beta of 1.05. Air Products & Chemicals, Inc. has a 12-month low of $148.44 and a 12-month high of $175.17.



Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings results on Thursday, July 26th. The basic materials company reported $1.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.11. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.31 billion. Air Products & Chemicals had a return on equity of 15.15% and a net margin of 17.13%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.65 EPS. Sell-side analysts expect that Air Products & Chemicals, Inc. will post 7.45 earnings per share for the current year.

Several equities analysts have recently commented on APD shares. Zacks Investment Research cut Air Products & Chemicals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 16th. ValuEngine cut Air Products & Chemicals from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. BNP Paribas started coverage on Air Products & Chemicals in a research note on Tuesday, October 2nd. They set an “outperform” rating for the company. Credit Suisse Group increased their target price on Air Products & Chemicals from $182.00 to $188.00 and gave the company a “buy” rating in a research note on Friday, July 27th. Finally, Sanford C. Bernstein started coverage on Air Products & Chemicals in a research note on Monday, September 24th. They set an “outperform” rating and a $202.00 target price for the company. Two analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $188.07.

Air Products & Chemicals 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.

Further Reading: Dollar Cost Averaging

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

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