Bartlett & Co. LLC Has $2.33 Million Stock Position in Air Products & Chemicals, Inc. (NYSE:APD)

Bartlett & Co. LLC grew its stake in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 2,036.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,491 shares of the basic materials company’s stock after purchasing an additional 10,000 shares during the quarter. Bartlett & Co. LLC’s holdings in Air Products & Chemicals were worth $2,328,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Air Products & Chemicals by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 19,674,476 shares of the basic materials company’s stock worth $4,453,711,000 after acquiring an additional 411,472 shares during the period. BlackRock Inc. boosted its stake in shares of Air Products & Chemicals by 2.8% during the 2nd quarter. BlackRock Inc. now owns 16,830,640 shares of the basic materials company’s stock worth $3,809,950,000 after acquiring an additional 454,016 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Air Products & Chemicals by 1.7% during the 2nd quarter. Wells Fargo & Company MN now owns 4,009,741 shares of the basic materials company’s stock worth $907,685,000 after acquiring an additional 66,225 shares during the period. Northern Trust Corp boosted its stake in Air Products & Chemicals by 0.3% in the 2nd quarter. Northern Trust Corp now owns 3,271,182 shares of the basic materials company’s stock valued at $740,498,000 after purchasing an additional 9,084 shares during the period. Finally, Invesco Ltd. boosted its stake in Air Products & Chemicals by 2.6% in the 2nd quarter. Invesco Ltd. now owns 2,107,983 shares of the basic materials company’s stock valued at $477,183,000 after purchasing an additional 54,289 shares during the period. 85.26% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:APD traded up $5.48 during trading on Friday, reaching $233.06. 93,835 shares of the company traded hands, compared to its average volume of 833,822. The company has a quick ratio of 2.09, a current ratio of 2.28 and a debt-to-equity ratio of 0.28. Air Products & Chemicals, Inc. has a 52 week low of $149.64 and a 52 week high of $232.47. The firm has a market capitalization of $47.72 billion, a PE ratio of 31.25, a PEG ratio of 1.91 and a beta of 0.84. The company’s 50 day moving average is $216.06 and its two-hundred day moving average is $218.06.

Air Products & Chemicals (NYSE:APD) last issued its earnings results on Thursday, November 7th. The basic materials company reported $2.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.02). Air Products & Chemicals had a return on equity of 15.42% and a net margin of 19.14%. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same period in the previous year, the company earned $2.00 EPS. Air Products & Chemicals’s revenue for the quarter was up .1% on a year-over-year basis. As a group, research analysts anticipate that Air Products & Chemicals, Inc. will post 8.24 EPS for the current year.

Several analysts recently issued reports on APD shares. Wells Fargo & Co started coverage on Air Products & Chemicals in a research note on Tuesday, October 15th. They issued a “market perform” rating and a $240.00 price target for the company. BMO Capital Markets boosted their price target on Air Products & Chemicals from $235.00 to $252.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. HSBC downgraded Air Products & Chemicals from a “buy” rating to a “hold” rating and reduced their price target for the company from $217.00 to $215.00 in a research note on Thursday, August 1st. Seaport Global Securities downgraded Air Products & Chemicals from a “buy” rating to a “neutral” rating in a research note on Friday, July 12th. They noted that the move was a valuation call. Finally, UBS Group restated a “hold” rating and issued a $230.00 price target on shares of Air Products & Chemicals in a research note on Friday. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $238.47.

Air Products & Chemicals Company 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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