Air Products & Chemicals, Inc. (NYSE:APD) Stake Raised by Gilbert & Cook Inc.

Gilbert & Cook Inc. boosted its holdings in Air Products & Chemicals, Inc. (NYSE:APD) by 4.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,627 shares of the basic materials company’s stock after acquiring an additional 64 shares during the quarter. Gilbert & Cook Inc.’s holdings in Air Products & Chemicals were worth $361,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in Air Products & Chemicals by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 19,674,476 shares of the basic materials company’s stock worth $4,453,711,000 after purchasing an additional 411,472 shares in the last quarter. BlackRock Inc. increased its stake in Air Products & Chemicals by 2.8% in the 2nd quarter. BlackRock Inc. now owns 16,830,640 shares of the basic materials company’s stock worth $3,809,950,000 after purchasing an additional 454,016 shares in the last quarter. Wells Fargo & Company MN increased its stake in Air Products & Chemicals by 1.7% in the 2nd quarter. Wells Fargo & Company MN now owns 4,009,741 shares of the basic materials company’s stock worth $907,685,000 after purchasing an additional 66,225 shares in the last quarter. Northern Trust Corp increased its stake in Air Products & Chemicals by 0.3% in the 2nd quarter. Northern Trust Corp now owns 3,271,182 shares of the basic materials company’s stock worth $740,498,000 after purchasing an additional 9,084 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Air Products & Chemicals by 2.6% in the 2nd quarter. Invesco Ltd. now owns 2,107,983 shares of the basic materials company’s stock worth $477,183,000 after purchasing an additional 54,289 shares in the last quarter. Hedge funds and other institutional investors own 85.26% of the company’s stock.

APD has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on Air Products & Chemicals from $235.00 to $240.00 and gave the stock an “overweight” rating in a research note on Friday. HSBC cut Air Products & Chemicals from a “buy” rating to a “hold” rating and dropped their price target for the stock from $217.00 to $215.00 in a research note on Thursday, August 1st. Citigroup set a $260.00 price target on Air Products & Chemicals and gave the stock a “buy” rating in a research note on Monday, July 15th. Wells Fargo & Co lifted their target price on Air Products & Chemicals from $240.00 to $250.00 and gave the company a “market perform” rating in a research note on Friday. Finally, Credit Suisse Group lifted their target price on Air Products & Chemicals from $221.00 to $238.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Air Products & Chemicals currently has a consensus rating of “Hold” and an average target price of $240.13.

NYSE:APD traded up $6.29 on Friday, hitting $233.87. 1,800,237 shares of the company’s stock traded hands, compared to its average volume of 1,085,902. The company has a market cap of $47.72 billion, a PE ratio of 31.39, a price-to-earnings-growth ratio of 1.91 and a beta of 0.84. The firm has a 50-day moving average price of $216.25 and a 200-day moving average price of $218.23. Air Products & Chemicals, Inc. has a 1 year low of $149.64 and a 1 year high of $234.61. The company has a current ratio of 2.28, a quick ratio of 2.09 and a debt-to-equity ratio of 0.28.

Air Products & Chemicals (NYSE:APD) last announced its quarterly earnings results on Thursday, November 7th. The basic materials company reported $2.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.29 by ($0.02). The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.37 billion. Air Products & Chemicals had a net margin of 19.14% and a return on equity of 15.42%. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.00 EPS. On average, research analysts forecast that Air Products & Chemicals, Inc. will post 8.24 EPS for the current fiscal year.

Air Products & Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including 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 or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

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

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