Confluence Investment Management LLC Has $18.17 Million Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Confluence Investment Management LLC boosted its position in shares of Air Products and Chemicals, Inc. (NYSE:APDGet Rating) by 1.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 75,558 shares of the basic materials company’s stock after purchasing an additional 1,165 shares during the period. Confluence Investment Management LLC’s holdings in Air Products and Chemicals were worth $18,170,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Acadian Asset Management LLC raised its stake in shares of Air Products and Chemicals by 230.9% in the 4th quarter. Acadian Asset Management LLC now owns 1,413 shares of the basic materials company’s stock valued at $427,000 after acquiring an additional 986 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Air Products and Chemicals by 50.4% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 9,768 shares of the basic materials company’s stock worth $2,972,000 after acquiring an additional 3,275 shares during the period. Level Four Advisory Services LLC acquired a new position in Air Products and Chemicals during the 4th quarter worth $427,000. True North Advisors LLC bought a new stake in Air Products and Chemicals during the fourth quarter valued at about $1,108,000. Finally, Alberta Investment Management Corp grew its position in shares of Air Products and Chemicals by 33.0% in the fourth quarter. Alberta Investment Management Corp now owns 27,394 shares of the basic materials company’s stock valued at $8,335,000 after purchasing an additional 6,794 shares during the last quarter. 82.68% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Down 0.4 %

NYSE APD opened at $247.36 on Monday. The stock’s 50 day simple moving average is $250.58 and its 200 day simple moving average is $244.06. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.87 and a quick ratio of 1.72. Air Products and Chemicals, Inc. has a one year low of $216.24 and a one year high of $316.39. The firm has a market cap of $54.86 billion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 1.69 and a beta of 0.79.

Air Products and Chemicals (NYSE:APDGet Rating) last released its earnings results on Thursday, August 4th. The basic materials company reported $2.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.61 by $0.01. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.02 billion. Air Products and Chemicals had a net margin of 19.08% and a return on equity of 15.61%. The company’s revenue was up 22.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.31 EPS. As a group, sell-side analysts forecast that Air Products and Chemicals, Inc. will post 10.29 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 14th. Shareholders of record on Monday, October 3rd will be issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 2.62%. The ex-dividend date is Friday, September 30th. Air Products and Chemicals’s dividend payout ratio is 63.16%.

Wall Street Analysts Forecast Growth

APD has been the subject of several recent analyst reports. Mizuho decreased their target price on Air Products and Chemicals from $312.00 to $286.00 and set a “buy” rating for the company in a research note on Thursday, July 7th. Barclays raised their price target on shares of Air Products and Chemicals from $275.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Monday, August 8th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Air Products and Chemicals from $275.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Wells Fargo & Company lowered their price target on Air Products and Chemicals from $255.00 to $243.00 and set an “equal weight” rating on the stock in a research note on Monday, July 18th. Finally, Cowen reduced their price objective on Air Products and Chemicals from $345.00 to $305.00 and set an “outperform” rating for the company in a research report on Tuesday, July 19th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $292.56.

Air Products and Chemicals Profile

(Get Rating)

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas; 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, manufacturing, food and beverage, electronics, magnetic resonance imaging, energy production and refining, and metals.

Read More

Want to see what other hedge funds are holding APD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Air Products and Chemicals, Inc. (NYSE:APDGet Rating).

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

Receive News & Ratings for Air Products and Chemicals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Products and Chemicals and related companies with MarketBeat.com's FREE daily email newsletter.