Stephens Inc. AR Increases Holdings in Air Products & Chemicals, Inc. (APD)

Stephens Inc. AR grew its position in Air Products & Chemicals, Inc. (NYSE:APD) by 7.1% in the first quarter, HoldingsChannel.com reports. The fund owned 36,869 shares of the basic materials company’s stock after buying an additional 2,430 shares during the period. Stephens Inc. AR’s holdings in Air Products & Chemicals were worth $7,041,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. TIAA CREF Investment Management LLC grew its stake in Air Products & Chemicals by 1.7% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 678,846 shares of the basic materials company’s stock worth $113,401,000 after buying an additional 11,632 shares during the last quarter. Legal & General Group Plc grew its stake in Air Products & Chemicals by 1.0% during the 3rd quarter. Legal & General Group Plc now owns 948,341 shares of the basic materials company’s stock worth $158,421,000 after buying an additional 9,292 shares during the last quarter. Morgan Stanley grew its stake in Air Products & Chemicals by 22.0% during the 3rd quarter. Morgan Stanley now owns 854,110 shares of the basic materials company’s stock worth $142,680,000 after buying an additional 154,103 shares during the last quarter. Federated Investors Inc. PA grew its stake in Air Products & Chemicals by 290.5% during the 3rd quarter. Federated Investors Inc. PA now owns 43,029 shares of the basic materials company’s stock worth $7,188,000 after buying an additional 32,011 shares during the last quarter. Finally, Vanguard Group Inc grew its stake in shares of Air Products & Chemicals by 1.3% in the third quarter. Vanguard Group Inc now owns 18,589,029 shares of the basic materials company’s stock worth $3,105,298,000 after purchasing an additional 238,723 shares in the last quarter. Institutional investors own 87.33% of the company’s stock.

Several research analysts have recently issued reports on the company. Credit Suisse Group increased their price target on Air Products & Chemicals from $200.00 to $222.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Zacks Investment Research downgraded Air Products & Chemicals from a “buy” rating to a “hold” rating in a report on Wednesday, January 16th. BMO Capital Markets upped their target price on Air Products & Chemicals from $215.00 to $216.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Barclays upped their target price on Air Products & Chemicals from $184.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Finally, UBS Group upped their target price on Air Products & Chemicals from $215.00 to $224.00 and gave the company a “buy” rating in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $209.92.

Shares of NYSE APD opened at $208.29 on Friday. Air Products & Chemicals, Inc. has a 12 month low of $148.44 and a 12 month high of $209.86. The firm has a market cap of $45.85 billion, a PE ratio of 27.96, a P/E/G ratio of 2.11 and a beta of 0.83. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.36 and a quick ratio of 2.16.

Air Products & Chemicals (NYSE:APD) last announced its earnings results on Wednesday, April 24th. The basic materials company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.88 by $0.04. Air Products & Chemicals had a return on equity of 15.28% and a net margin of 18.90%. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the prior year, the business posted $1.71 earnings per share. Air Products & Chemicals’s revenue was up 1.5% compared to the same quarter last year. On average, research analysts anticipate that Air Products & Chemicals, Inc. will post 8.22 earnings per share for the current fiscal year.

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Air Products & Chemicals Company 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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