Air Products and Chemicals, Inc. $APD Shares Purchased by PBU The Pension Fund of Early Childhood & Youth Educators

PBU The Pension Fund of Early Childhood & Youth Educators increased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 5.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 108,517 shares of the basic materials company’s stock after purchasing an additional 5,658 shares during the quarter. PBU The Pension Fund of Early Childhood & Youth Educators’ holdings in Air Products and Chemicals were worth $30,193,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Fiduciary Financial Advisors purchased a new stake in Air Products and Chemicals in the second quarter worth $25,000. Cornerstone Planning Group LLC raised its holdings in Air Products and Chemicals by 318.2% in the first quarter. Cornerstone Planning Group LLC now owns 92 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 70 shares in the last quarter. Main Street Group LTD purchased a new position in Air Products and Chemicals during the first quarter valued at $27,000. MJT & Associates Financial Advisory Group Inc. lifted its position in Air Products and Chemicals by 77.6% during the third quarter. MJT & Associates Financial Advisory Group Inc. now owns 103 shares of the basic materials company’s stock valued at $28,000 after buying an additional 45 shares during the period. Finally, Retirement Wealth Solutions LLC purchased a new position in Air Products and Chemicals during the third quarter valued at $30,000. 81.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on APD. Morgan Stanley set a $320.00 target price on shares of Air Products and Chemicals in a research report on Monday, August 3rd. Mizuho increased their price target on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Wells Fargo & Company lifted their price target on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. UBS Group dropped their price objective on shares of Air Products and Chemicals from $336.00 to $305.00 and set a “neutral” rating on the stock in a research note on Monday, October 5th. Finally, KeyCorp began coverage on shares of Air Products and Chemicals in a report 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 assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Air Products and Chemicals currently has an average rating of “Moderate Buy” and an average target price of $335.59.

Air Products and Chemicals Stock Up 0.3%

APD stock opened at $316.01 on Friday. The business has a 50 day moving average of $295.35 and a 200 day moving average of $291.94. The firm has a market cap of $70.37 billion, a PE ratio of 132.78, a price-to-earnings-growth ratio of 3.27 and a beta of 0.67. Air Products and Chemicals, Inc. has a twelve month low of $229.11 and a twelve month high of $324.00. The company has a quick ratio of 0.91, a current ratio of 1.07 and a debt-to-equity ratio of 0.98.

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

Air Products and Chemicals Announces Dividend

The business 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. This represents a $7.24 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, January 4th. Air Products and Chemicals’s payout ratio is currently 304.20%.

Air Products and Chemicals Company Profile

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.