4,820 Shares in Air Products & Chemicals, Inc. (APD) Purchased by Menta Capital LLC

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Menta Capital LLC bought a new stake in Air Products & Chemicals, Inc. (NYSE:APD) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,820 shares of the basic materials company’s stock, valued at approximately $771,000.

Several other hedge funds also recently bought and sold shares of APD. Vanguard Group Inc. boosted its holdings in Air Products & Chemicals by 1.3% in the third quarter. Vanguard Group Inc. now owns 18,589,029 shares of the basic materials company’s stock valued at $3,105,298,000 after purchasing an additional 238,723 shares during the last quarter. Vanguard Group Inc boosted its holdings in Air Products & Chemicals by 1.3% in the third quarter. Vanguard Group Inc now owns 18,589,029 shares of the basic materials company’s stock valued at $3,105,298,000 after purchasing an additional 238,723 shares during the last quarter. BlackRock Inc. boosted its holdings in Air Products & Chemicals by 1.9% in the fourth quarter. BlackRock Inc. now owns 17,129,190 shares of the basic materials company’s stock valued at $2,741,528,000 after purchasing an additional 317,875 shares during the last quarter. Findlay Park Partners LLP boosted its holdings in Air Products & Chemicals by 6.4% in the fourth quarter. Findlay Park Partners LLP now owns 3,284,423 shares of the basic materials company’s stock valued at $525,672,000 after purchasing an additional 196,923 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Air Products & Chemicals by 3.2% in the fourth quarter. Northern Trust Corp now owns 3,239,618 shares of the basic materials company’s stock valued at $518,501,000 after purchasing an additional 100,657 shares during the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

NYSE:APD opened at $186.62 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.03 and a current ratio of 2.21. Air Products & Chemicals, Inc. has a 52 week low of $148.44 and a 52 week high of $186.26. The company has a market cap of $40.68 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 1.73 and a beta of 0.81.

Air Products & Chemicals (NYSE:APD) last released its earnings results on Friday, January 25th. The basic materials company reported $1.86 EPS for the quarter, missing analysts’ consensus estimates 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 period in the prior year, the business earned $1.79 EPS. The company’s quarterly revenue was up .3% on a year-over-year basis. On average, research analysts forecast that Air Products & Chemicals, Inc. will post 8.18 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, April 1st will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.49%. This is a boost from Air Products & Chemicals’s previous quarterly dividend of $1.10. The ex-dividend date is Friday, March 29th. Air Products & Chemicals’s dividend payout ratio is presently 59.06%.

A number of research analysts recently commented on APD shares. Zacks Investment Research raised Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $179.00 price target for the company in a report on Tuesday, January 8th. Bank of America downgraded Air Products & Chemicals from a “neutral” rating to an “underperform” rating and set a $170.00 price target for the company. in a report on Tuesday, January 8th. They noted that the move was a valuation call. ValuEngine raised Air Products & Chemicals from a “hold” rating to a “buy” rating in a report on Friday, November 16th. Finally, Credit Suisse Group increased their target price on Air Products & Chemicals from $188.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $189.67.

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Air Products & Chemicals 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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