1,900 Shares in Air Products and Chemicals, Inc. $APD Acquired by Compass Capital Management Inc.

Compass Capital Management Inc. acquired a new position in Air Products and Chemicals, Inc. (NYSE:APD) in the 3rd quarter, HoldingsChannel reports. The firm acquired 1,900 shares of the basic materials company’s stock, valued at approximately $529,000.

A number of other large investors also recently modified their holdings of APD. S&CO Inc. bought a new stake in shares of Air Products and Chemicals during the 2nd quarter worth $27,733,000. Park National Corp OH grew its position in Air Products and Chemicals by 66.7% during the third quarter. Park National Corp OH now owns 24,538 shares of the basic materials company’s stock valued at $6,761,000 after buying an additional 9,817 shares during the period. Neville Rodie & Shaw Inc. grew its position in Air Products and Chemicals by 1,457.1% during the third quarter. Neville Rodie & Shaw Inc. now owns 28,806 shares of the basic materials company’s stock valued at $7,851,000 after buying an additional 26,956 shares during the period. Robertson Stephens Wealth Management LLC grew its position in Air Products and Chemicals by 1,352.9% during the third quarter. Robertson Stephens Wealth Management LLC now owns 13,309 shares of the basic materials company’s stock valued at $3,627,000 after buying an additional 12,393 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in Air Products and Chemicals by 26.7% during the first quarter. NewEdge Advisors LLC now owns 57,052 shares of the basic materials company’s stock worth $16,573,000 after buying an additional 12,020 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on APD shares. Wells Fargo & Company lifted their price objective on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Barclays reduced their target price on shares of Air Products and Chemicals from $353.00 to $346.00 and set an “overweight” rating for the company in a research report on Friday, November 6th. UBS Group decreased their price target on shares of Air Products and Chemicals from $336.00 to $305.00 and set a “neutral” rating for the company in a research note on Monday, October 5th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $373.00 price target on shares of Air Products and Chemicals in a report on Friday, July 31st. Finally, KeyCorp started coverage on Air Products and Chemicals in a research note on Thursday, September 10th. They issued a “sector weight” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $335.59.

Air Products and Chemicals Trading Up 0.0%

Shares of APD opened at $316.23 on Friday. Air Products and Chemicals, Inc. has a fifty-two week low of $229.11 and a fifty-two week high of $324.00. The business has a 50-day moving average of $295.58 and a 200 day moving average of $292.22. The firm has a market cap of $70.42 billion, a P/E ratio of 23.53, a price-to-earnings-growth ratio of 3.28 and a beta of 0.67. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.91 and a current ratio of 1.07.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Thursday, November 5th. The basic materials company reported $3.61 EPS for the quarter, meeting the consensus estimate of $3.61. The business had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.33 billion. Air Products and Chemicals had a net margin of 4.10% and a return on equity of 17.19%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.39 earnings per share. As a group, research analysts forecast that Air Products and Chemicals, Inc. will post 14.33 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 8th. Stockholders of record on Monday, January 4th will be given a $1.81 dividend. The ex-dividend date of this dividend is Monday, January 4th. This represents a $7.24 annualized dividend and a dividend yield of 2.3%. Air Products and Chemicals’s payout ratio is 304.20%.

About Air Products and Chemicals

Air Products and Chemicals is an industrial gases company that supplies gases, related equipment and services to businesses and institutions. Its products include atmospheric gases such as oxygen, nitrogen and argon, as well as hydrogen, helium, carbon dioxide and specialty gases. The company serves a range of industries, including refining, chemicals, metals, electronics, food and healthcare. Its offerings support industrial processes and applications such as gas production and distribution, materials processing and process technology.