Daiwa Securities Group Inc. Boosts Stock Holdings in Air Products & Chemicals, Inc. (NYSE:APD)

Daiwa Securities Group Inc. raised its holdings in Air Products & Chemicals, Inc. (NYSE:APD) by 33.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,124 shares of the basic materials company’s stock after purchasing an additional 3,298 shares during the period. Daiwa Securities Group Inc.’s holdings in Air Products & Chemicals were worth $2,912,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Covington Capital Management increased its stake in shares of Air Products & Chemicals by 0.5% in the second quarter. Covington Capital Management now owns 20,611 shares of the basic materials company’s stock worth $4,666,000 after purchasing an additional 95 shares in the last quarter. Bailard Inc. increased its stake in shares of Air Products & Chemicals by 2.0% in the second quarter. Bailard Inc. now owns 2,347 shares of the basic materials company’s stock worth $531,000 after purchasing an additional 45 shares in the last quarter. Green Valley Investors LLC increased its stake in shares of Air Products & Chemicals by 16.6% in the second quarter. Green Valley Investors LLC now owns 494,699 shares of the basic materials company’s stock worth $111,985,000 after purchasing an additional 70,345 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of Air Products & Chemicals by 9.2% in the second quarter. HighTower Advisors LLC now owns 219,705 shares of the basic materials company’s stock worth $49,766,000 after purchasing an additional 18,466 shares in the last quarter. Finally, Winthrop Partners WNY LLC increased its stake in shares of Air Products & Chemicals by 4.4% in the second quarter. Winthrop Partners WNY LLC now owns 5,569 shares of the basic materials company’s stock worth $1,261,000 after purchasing an additional 234 shares in the last quarter. Hedge funds and other institutional investors own 85.26% of the company’s stock.

Shares of NYSE:APD opened at $233.87 on Friday. The company has a 50 day moving average of $216.25 and a 200 day moving average of $218.23. The stock has a market cap of $47.72 billion, a P/E ratio of 31.39, a P/E/G ratio of 1.91 and a beta of 0.84. Air Products & Chemicals, Inc. has a 12 month low of $149.64 and a 12 month high of $234.61. The company has a current ratio of 2.28, a quick ratio of 2.09 and a debt-to-equity ratio of 0.28.

Air Products & Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, November 7th. The basic materials company reported $2.27 EPS for the quarter, missing the consensus estimate of $2.29 by ($0.02). Air Products & Chemicals had a net margin of 19.14% and a return on equity of 15.42%. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.37 billion. During the same period in the prior year, the firm posted $2.00 EPS. Air Products & Chemicals’s revenue was up .1% on a year-over-year basis. On average, equities analysts forecast that Air Products & Chemicals, Inc. will post 8.24 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on APD shares. ValuEngine downgraded shares of Air Products & Chemicals from a “buy” rating to a “hold” rating in a research note on Tuesday, September 10th. Morgan Stanley boosted their price objective on shares of Air Products & Chemicals from $168.00 to $230.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. Monness Crespi & Hardt reaffirmed a “buy” rating and set a $254.00 price objective (up previously from $214.00) on shares of Air Products & Chemicals in a research note on Friday, July 26th. Deutsche Bank boosted their price objective on shares of Air Products & Chemicals from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Friday. They noted that the move was a valuation call. Finally, Wells Fargo & Co boosted their price objective on shares of Air Products & Chemicals from $240.00 to $250.00 and gave the company a “market perform” rating in a research note on Friday. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Air Products & Chemicals presently has a consensus rating of “Hold” and a consensus price target of $240.13.

Air Products & Chemicals Profile

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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