Carderock Capital Management Inc. Has $6.69 Million Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Carderock Capital Management Inc. increased its stake in Air Products and Chemicals, Inc. (NYSE:APDFree Report) by 6.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,438 shares of the basic materials company’s stock after buying an additional 1,398 shares during the quarter. Carderock Capital Management Inc.’s holdings in Air Products and Chemicals were worth $6,691,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Dover Advisors LLC boosted its holdings in shares of Air Products and Chemicals by 1.9% in the 3rd 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 boosted its holdings in shares of Air Products and Chemicals by 2.4% in the 3rd 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. Salem Investment Counselors Inc. lifted its holdings in Air Products and Chemicals by 25.9% during the 4th quarter. Salem Investment Counselors Inc. now owns 180 shares of the basic materials company’s stock valued at $56,000 after purchasing an additional 37 shares during the last quarter. Vestcor Inc lifted its holdings in Air Products and Chemicals by 0.7% during the 4th quarter. Vestcor Inc now owns 5,261 shares of the basic materials company’s stock valued at $1,622,000 after purchasing an additional 37 shares during the last quarter. Finally, Columbia Trust Co 01012016 lifted its holdings in Air Products and Chemicals by 0.7% during the 3rd quarter. Columbia Trust Co 01012016 now owns 5,502 shares of the basic materials company’s stock valued at $1,559,000 after purchasing an additional 38 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

Air Products and Chemicals stock opened at $239.67 on Thursday. 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 quick ratio of 1.58, a current ratio of 1.81 and a debt-to-equity ratio of 0.74. The business’s 50-day moving average price is $238.24 and its two-hundred day moving average price is $262.01. The stock has a market cap of $53.28 billion, a PE ratio of 22.87, a P/E/G ratio of 2.68 and a beta of 0.81.

Air Products and Chemicals (NYSE:APDGet Free Report) last released its earnings results on Monday, February 5th. The basic materials company reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.18). Air Products and Chemicals had a net margin of 18.82% and a return on equity of 16.84%. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the prior year, the firm earned $2.64 EPS. The business’s revenue was down 5.6% on a year-over-year basis. As a group, analysts expect that Air Products and Chemicals, Inc. will post 12.38 earnings per share for the current fiscal year.

Air Products and Chemicals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Monday, April 1st will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date is Thursday, March 28th. This is a boost from Air Products and Chemicals’s previous quarterly dividend of $1.75. Air Products and Chemicals’s payout ratio is currently 67.56%.

Analyst Ratings Changes

A number of research firms have recently weighed in on APD. Seaport Res Ptn downgraded Air Products and Chemicals from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. Mizuho dropped their target price on Air Products and Chemicals from $304.00 to $295.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Bank of America raised Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $264.00 target price for the company in a report on Thursday, February 15th. TheStreet downgraded Air Products and Chemicals from a “b” rating to a “c+” rating in a report on Monday, February 5th. Finally, TD Cowen dropped their target price on Air Products and Chemicals from $345.00 to $305.00 and set an “outperform” rating for the company in a report on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $280.29.

Get Our Latest Stock Analysis on APD

About Air Products and Chemicals

(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.

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

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