Nuance Investments LLC Boosts Stake in Air Products & Chemicals, Inc. (APD)

Nuance Investments LLC boosted its holdings in Air Products & Chemicals, Inc. (NYSE:APD) by 13.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 47,190 shares of the basic materials company’s stock after buying an additional 5,744 shares during the quarter. Nuance Investments LLC’s holdings in Air Products & Chemicals were worth $7,136,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Covenant Asset Management LLC purchased a new position in Air Products & Chemicals in the 2nd quarter worth approximately $214,000. Confluence Investment Management LLC grew its position in Air Products & Chemicals by 4.9% in the 2nd quarter. Confluence Investment Management LLC now owns 91,284 shares of the basic materials company’s stock valued at $13,059,000 after acquiring an additional 4,268 shares during the last quarter. Pennsylvania Trust Co grew its position in Air Products & Chemicals by 103.7% in the 2nd quarter. Pennsylvania Trust Co now owns 64,030 shares of the basic materials company’s stock valued at $9,160,000 after acquiring an additional 32,601 shares during the last quarter. Bank of The West grew its position in shares of Air Products & Chemicals by 24.5% during the 2nd quarter. Bank of The West now owns 3,093 shares of the basic materials company’s stock worth $443,000 after buying an additional 609 shares in the last quarter. Finally, Trust Co. of Vermont grew its position in shares of Air Products & Chemicals by 5.7% during the 2nd quarter. Trust Co. of Vermont now owns 50,913 shares of the basic materials company’s stock worth $7,284,000 after buying an additional 2,742 shares in the last quarter. Institutional investors and hedge funds own 87.68% of the company’s stock.

Shares of Air Products & Chemicals, Inc. (APD) opened at $161.98 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.36 and a quick ratio of 2.23. The stock has a market capitalization of $35,503.63, a P/E ratio of 25.74, a PEG ratio of 1.91 and a beta of 1.24. Air Products & Chemicals, Inc. has a 12 month low of $133.63 and a 12 month high of $164.65.

Air Products & Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, October 26th. The basic materials company reported $1.76 EPS for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.08. Air Products & Chemicals had a return on equity of 15.25% and a net margin of 36.65%. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter last year, the business posted $2.01 earnings per share. The firm’s revenue was up 13.2% compared to the same quarter last year. research analysts predict that Air Products & Chemicals, Inc. will post 7 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Investors of record on Tuesday, January 2nd will be issued a $0.95 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $3.80 annualized dividend and a dividend yield of 2.35%. Air Products & Chemicals’s dividend payout ratio is presently 27.82%.

A number of equities research analysts recently weighed in on the company. KeyCorp reaffirmed a “buy” rating and set a $161.00 price objective on shares of Air Products & Chemicals in a research report on Friday, September 8th. upgraded Air Products & Chemicals from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. Vertical Research reiterated a “hold” rating and issued a $148.00 price target (up from $146.00) on shares of Air Products & Chemicals in a research note on Tuesday, September 12th. Susquehanna Bancshares raised their price objective on Air Products & Chemicals and gave the stock a “positive” rating in a research note on Tuesday, November 7th. Finally, Argus raised their price objective on Air Products & Chemicals from $159.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, August 28th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the stock. Air Products & Chemicals has a consensus rating of “Buy” and an average price target of $164.80.

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Air Products & Chemicals Profile

Air Products and Chemicals, Inc, is an industrial gases company. The Company’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. The Company is also a supplier of liquefied natural gas process technology and equipment.

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

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