LMR Partners LLP Invests $296,000 in Air Products & Chemicals, Inc. (APD)

LMR Partners LLP acquired a new position in Air Products & Chemicals, Inc. (NYSE:APD) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,847 shares of the basic materials company’s stock, valued at approximately $296,000.

Several other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Air Products & Chemicals by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 18,589,029 shares of the basic materials company’s stock worth $3,105,298,000 after buying an additional 238,723 shares during the period. Vanguard Group Inc lifted its position in shares of Air Products & Chemicals by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 18,589,029 shares of the basic materials company’s stock worth $3,105,298,000 after buying an additional 238,723 shares during the period. BlackRock Inc. lifted its position in shares of Air Products & Chemicals by 1.9% during the 4th quarter. BlackRock Inc. now owns 17,129,190 shares of the basic materials company’s stock worth $2,741,528,000 after buying an additional 317,875 shares during the period. Findlay Park Partners LLP lifted its position in shares of Air Products & Chemicals by 6.4% during the 4th quarter. Findlay Park Partners LLP now owns 3,284,423 shares of the basic materials company’s stock worth $525,672,000 after buying an additional 196,923 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Air Products & Chemicals by 3.2% during the 4th quarter. Northern Trust Corp now owns 3,239,618 shares of the basic materials company’s stock worth $518,501,000 after buying an additional 100,657 shares during the period. Institutional investors own 87.44% of the company’s stock.

APD has been the subject of several analyst reports. Zacks Investment Research upgraded Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $179.00 target price for the company in a research report on Tuesday, January 8th. Credit Suisse Group raised their target price on Air Products & Chemicals from $188.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Finally, Bank of America downgraded Air Products & Chemicals from a “neutral” rating to an “underperform” rating and set a $170.00 target price for the company. in a research report on Tuesday, January 8th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating and eleven have given a buy rating to the company. Air Products & Chemicals has a consensus rating of “Buy” and a consensus target price of $189.67.

Air Products & Chemicals stock opened at $184.85 on Friday. The company has a quick ratio of 2.03, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. The company has a market cap of $40.68 billion, a P/E ratio of 24.81, a P/E/G ratio of 1.73 and a beta of 0.81. Air Products & Chemicals, Inc. has a one year low of $148.44 and a one year high of $186.79.

Air Products & Chemicals (NYSE:APD) last released its quarterly earnings results on Friday, January 25th. The basic materials company reported $1.86 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.87 by ($0.01). Air Products & Chemicals had a net margin of 18.92% and a return on equity of 15.13%. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same period in the prior year, the business earned $1.79 earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis. On average, equities research analysts forecast that Air Products & Chemicals, Inc. will post 8.18 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Monday, April 1st will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 2.51%. 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 (DPR) is currently 59.06%.

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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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