Dimensional Fund Advisors LP Purchases 24,687 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Dimensional Fund Advisors LP lifted its position in Air Products and Chemicals, Inc. (NYSE:APDFree Report) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 993,219 shares of the basic materials company’s stock after buying an additional 24,687 shares during the period. Dimensional Fund Advisors LP owned approximately 0.45% of Air Products and Chemicals worth $271,952,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Dover Advisors LLC raised its stake in Air Products and Chemicals by 1.9% in the third quarter. Dover Advisors LLC now owns 1,894 shares of the basic materials company’s stock valued at $540,000 after buying an additional 35 shares during the last quarter. Smithfield Trust Co lifted its position in Air Products and Chemicals by 2.4% in the third quarter. Smithfield Trust Co now owns 1,566 shares of the basic materials company’s stock valued at $444,000 after buying an additional 36 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its stake in Air Products and Chemicals by 1.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,636 shares of the basic materials company’s stock worth $996,000 after buying an additional 38 shares during the period. Fidelis Capital Partners LLC raised its stake in shares of Air Products and Chemicals by 2.1% in the 3rd quarter. Fidelis Capital Partners LLC now owns 1,957 shares of the basic materials company’s stock valued at $555,000 after acquiring an additional 40 shares during the period. Finally, Choreo LLC lifted its holdings in shares of Air Products and Chemicals by 0.8% in the 3rd quarter. Choreo LLC now owns 5,263 shares of the basic materials company’s stock worth $1,492,000 after acquiring an additional 41 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on APD shares. TD Cowen increased their target price on Air Products and Chemicals from $305.00 to $320.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. UBS Group cut shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and decreased their price target for the company from $328.00 to $241.00 in a research report on Thursday, February 8th. Citigroup cut their price objective on Air Products and Chemicals from $285.00 to $280.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Barclays decreased their target price on Air Products and Chemicals from $260.00 to $245.00 and set an “equal weight” rating for the company in a report on Tuesday, February 6th. Finally, StockNews.com upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $273.77.

Read Our Latest Report on Air Products and Chemicals

Air Products and Chemicals Stock Down 0.1 %

APD stock opened at $250.26 on Tuesday. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $307.71. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.49 and a quick ratio of 1.31. The company has a market cap of $55.64 billion, a price-to-earnings ratio of 22.59, a price-to-earnings-growth ratio of 2.71 and a beta of 0.80. The company has a fifty day moving average price of $239.83 and a 200 day moving average price of $252.72.

Air Products and Chemicals (NYSE:APDGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.15. Air Products and Chemicals had a return on equity of 16.56% and a net margin of 20.32%. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same period last year, the firm earned $2.74 EPS. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. Sell-side analysts expect that Air Products and Chemicals, Inc. will post 12.31 earnings per share for the current year.

Air Products and Chemicals Company Profile

(Free Report)

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.

See Also

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

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