346 Shares in Air Products and Chemicals, Inc. (NYSE:APD) Purchased by Newfound Research LLC

Newfound Research LLC bought a new stake in Air Products and Chemicals, Inc. (NYSE:APD) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 346 shares of the basic materials company’s stock, valued at approximately $89,000.

Several other large investors also recently bought and sold shares of the stock. State Street Corp increased its stake in Air Products and Chemicals by 6.0% during the second quarter. State Street Corp now owns 11,086,577 shares of the basic materials company’s stock worth $3,205,963,000 after acquiring an additional 628,329 shares during the last quarter. Capital International Investors raised its holdings in Air Products and Chemicals by 8.0% in the second quarter. Capital International Investors now owns 7,711,588 shares of the basic materials company’s stock valued at $2,218,508,000 after acquiring an additional 571,313 shares in the last quarter. Amundi acquired a new stake in Air Products and Chemicals during the second quarter worth approximately $116,141,000. American Century Companies Inc. raised its holdings in Air Products and Chemicals by 22.9% during the second quarter. American Century Companies Inc. now owns 1,804,327 shares of the basic materials company’s stock worth $519,069,000 after purchasing an additional 335,842 shares in the last quarter. Finally, Bank of Montreal Can grew its position in shares of Air Products and Chemicals by 29.0% during the second quarter. Bank of Montreal Can now owns 1,084,402 shares of the basic materials company’s stock worth $312,796,000 after acquiring an additional 243,911 shares during the last quarter. 81.88% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Edward L. Monser acquired 80 shares of the business’s stock in a transaction on Tuesday, November 9th. The stock was bought at an average cost of $314.49 per share, with a total value of $25,159.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Melissa N. Schaeffer sold 318 shares of Air Products and Chemicals stock in a transaction dated Wednesday, November 10th. The stock was sold at an average price of $314.00, for a total value of $99,852.00. The disclosure for this sale can be found here. Company insiders own 0.43% of the company’s stock.

APD has been the topic of a number of analyst reports. BMO Capital Markets lifted their price objective on shares of Air Products and Chemicals from $312.00 to $338.00 and gave the company an “outperform” rating in a research report on Friday, October 15th. Mizuho began coverage on shares of Air Products and Chemicals in a research report on Friday, November 5th. They set a “buy” rating and a $312.00 target price for the company. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Air Products and Chemicals from $315.00 to $340.00 and gave the stock a “buy” rating in a research note on Friday, November 5th. Finally, Cowen dropped their price objective on shares of Air Products and Chemicals from $360.00 to $335.00 and set an “outperform” rating for the company in a research note on Tuesday, August 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Air Products and Chemicals presently has an average rating of “Buy” and an average price target of $319.00.

APD stock traded down $1.16 during midday trading on Thursday, hitting $297.84. 603,307 shares of the company traded hands, compared to its average volume of 1,018,027. Air Products and Chemicals, Inc. has a twelve month low of $245.75 and a twelve month high of $316.39. The company has a quick ratio of 2.83, a current ratio of 2.99 and a debt-to-equity ratio of 0.51. The business has a 50 day simple moving average of $284.72 and a 200-day simple moving average of $286.36. The stock has a market capitalization of $65.93 billion, a price-to-earnings ratio of 31.55, a price-to-earnings-growth ratio of 2.71 and a beta of 0.79.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Thursday, November 4th. The basic materials company reported $2.51 EPS for the quarter, beating the consensus estimate of $2.49 by $0.02. Air Products and Chemicals had a return on equity of 14.92% and a net margin of 20.33%. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter last year, the company posted $2.19 earnings per share. The company’s revenue for the quarter was up 22.5% compared to the same quarter last year. Equities research analysts forecast that Air Products and Chemicals, Inc. will post 10.39 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, February 14th. Shareholders of record on Monday, January 3rd will be issued a dividend of $1.50 per share. The ex-dividend date is Friday, December 31st. This represents a $6.00 annualized dividend and a yield of 2.01%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 63.56%.

About Air Products and Chemicals

Air Products & Chemicals, Inc engages in the manufacture and distribution of atmospheric gases. It operates through the following segments: Industrial Gases-Americas, Industrial Gases-EMEA (Europe, Middle East, and Africa), Industrial Gases-Asia, Industrial Gases-Global and Corporate and Other. The Industrial Gases-America, EMEA and Asia segment markets and produces atmospheric gases such as 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 and processing of gases such as air separation units and non-cryogenic generators.

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

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