Stoneridge Investment Partners LLC acquired a new stake in Air Products & Chemicals, Inc. (NYSE:APD) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 9,938 shares of the basic materials company’s stock, valued at approximately $1,591,000.
A number of other large investors have also recently modified their holdings of APD. Transamerica Financial Advisors Inc. grew its position in Air Products & Chemicals by 617.6% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 244 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 210 shares in the last quarter. Legacy Financial Advisors Inc. grew its position in shares of Air Products & Chemicals by 109.0% during the fourth quarter. Legacy Financial Advisors Inc. now owns 255 shares of the basic materials company’s stock worth $41,000 after buying an additional 133 shares in the last quarter. Matthew Goff Investment Advisor LLC acquired a new stake in shares of Air Products & Chemicals during the third quarter worth approximately $74,000. Mackey Komara & Dankovich LLC acquired a new stake in shares of Air Products & Chemicals during the fourth quarter worth approximately $80,000. Finally, Honkamp Krueger Financial Services Inc. acquired a new stake in shares of Air Products & Chemicals during the third quarter worth approximately $116,000. 87.88% of the stock is owned by institutional investors.
APD has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $179.00 price target for the company in a research report on Tuesday, January 8th. ValuEngine downgraded shares of Air Products & Chemicals from a “buy” rating to a “hold” rating in a research report on Monday, October 22nd. Bank of America downgraded shares of Air Products & Chemicals from a “neutral” rating to an “underperform” rating and set a $170.00 price target for the company. in a research report on Tuesday, January 8th. They noted that the move was a valuation call. Finally, Citigroup decreased their price target on shares of Air Products & Chemicals from $200.00 to $181.00 and set a “buy” rating for the company in a research report on Tuesday, November 13th. One equities research analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $188.33.
Air Products & Chemicals (NYSE:APD) last announced its quarterly earnings data on Friday, January 25th. The basic materials company reported $1.86 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.87 by ($0.01). Air Products & Chemicals had a return on equity of 15.13% and a net margin of 18.92%. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter last year, the business earned $1.79 earnings per share. The business’s revenue for the quarter was up .3% compared to the same quarter last year. As a group, research analysts anticipate that Air Products & Chemicals, Inc. will post 8.18 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Monday, April 1st will be paid a dividend of $1.16 per share. The ex-dividend date is Friday, March 29th. This is a boost from Air Products & Chemicals’s previous quarterly dividend of $1.10. This represents a $4.64 annualized dividend and a yield of 2.79%. Air Products & Chemicals’s dividend payout ratio (DPR) is 59.06%.
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About Air Products & Chemicals
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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