Gateway Investment Advisers LLC increases its position in Air Products and Chemicals, Inc. (NYSE: APD)


Gateway Investment Advisers LLC has increased its stakes in Air Products and Chemicals, Inc. (NYSE: APD – Get Rating) by 11.5% in the 1st quarter, reports Holdings Channel. The institutional investor owned 3,053 shares of the company’s stock for basic materials after purchasing an additional 314 shares during the quarter. Gateway Investment Advisers LLC held $ 763,000 in Air Products and Chemicals at the end of the last quarter.

Several other large investors have also made changes to their business positions. Insight Folios Inc rose its shares in Air Products and Chemicals by 3.9% in the fourth quarter. Insight Folios Inc now owns 968 shares of the company’s stock for basic materials worth $ 294,000 after purchasing an additional 36 shares during the period. First National Trust Co increased its position in shares of Air Products and Chemicals by 2.2% in the fourth quarter. First National Trust Co. now owns 1,784 shares of the company’s stock for basic materials worth $ 542,000 after purchasing an additional 38 shares during the period. Covenant Asset Management LLC increased its position in shares of Air Products and Chemicals by 0.9% in the fourth quarter. Covenant Asset Management LLC now owns 4,563 shares of the company’s stock for basic materials worth $ 1,388,000 after purchasing an additional 39 shares during the period. Advisor Partners LLC increased its position in shares of Air Products and Chemicals by 0.3% in the fourth quarter. Advisor Partners LLC now owns 13,744 shares of the company’s stock for basic materials worth $ 4,182,000 after purchasing an additional 40 shares during the period. Finally, Griffin Asset Management Inc. increased its position in shares of Air Products and Chemicals by 0.9% in the fourth quarter. Griffin Asset Management Inc. now owns 4,489 shares of the company’s stock for basic materials worth $ 1,366,000 after purchasing an additional 41 shares during the period. Institutional investors and hedge funds own 80.62% of the company’s shares.

Several brokers have issued APD reports. Jefferies Financial Group lowered its target price for Air Products and Chemicals from $ 270.00 to $ 257.00 in a research report on Thursday, June 16th. Barclays lowered its target price for Air Products and Chemicals from $ 300.00 to $ 275.00 in a report on Monday, May 9. JPMorgan Chase & Co. raised Air Products and Chemicals from a “neutral” rating to an “overweight” rating and set a price target for the company of $ 275.00 in a report on Monday, March 21. Wells Fargo & Company downgraded air products and chemicals from an overweight to an equal weight rating and lowered its target price for the company from $ 275.00 to $ 255.00 in a report on Wednesday, May 11th. Finally, Deutsche Bank Aktiengesellschaft lowered its target for air products and chemicals from $ 300.00 to $ 272.00 in a report on Tuesday, May 10. Five stock research analysts rated the shares with a retention rating, and seven issued a rating to buy the company. According to MarketBeat.com, Air Products and Chemicals currently has a consensus rating of “Moderate Buying” and a consensus target price of $ 292.46.

Shares of NYSE: APD opened at $ 252.08 on Friday. The company has a market capitalization of $ 55.90 billion, a price / profit ratio of 25.11, a price / profit-growth ratio of 1.88 and a beta of 0.87. Air Products and Chemicals, Inc. has a 52-week low of $ 216.24 and a 52-week high of $ 316.39. The company has a fast ratio of 1.79, a current ratio of 1.95 and a debt to equity ratio of 0.47. The company has a 50-day moving average of $ 241.81 and a 200-day moving average of $ 256.17.

Air Products and Chemicals (NYSE: APD – Get Rating) last released its quarterly earnings data on Thursday, May 5th. The major materials company reported $ 2.38 EPS for the quarter, beating analysts’ consensus estimates of $ 2.35 by $ 0.03. The company had revenue of $ 2.95 billion in the quarter, compared to the consensus estimate of $ 3 billion. Air Products and Chemicals had a net profit of 19.63% and a return on equity of 15.32%. Air Products and Chemicals’ revenue for the quarter was up 17.7% from the same quarter last year. In the same quarter of the previous year, the company reported $ 2.08 earnings per share. On average, sales analysts expect Air Products and Chemicals, Inc. will report 10.27 EPS for the current year.

The company also recently announced a three-month dividend, which will be paid on Monday, August 8. The record shareholders on Friday, July 1, will receive a dividend of $ 1.62 per share. This represents a $ 6.48 dividend on an annual basis and a dividend yield of 2.57%. The date of the former dividend is Thursday, June 30. The payout ratio of Air Products and Chemicals is currently 64.54%.

Company profile for air products and chemicals (Get a rating)

Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, equipment and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen and argon; process gases such as hydrogen, helium, carbon dioxide, carbon monoxide, synthesis gas; special gases; and equipment for the production or processing of gases, including air separation units and non-cryogenic generators for customers in various industries, including refining, chemical production, gasification, metals, manufacturing, food and beverage, electronics, magnetic resonance imaging, energy production and refining , and metals.

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Quarterly Institutional Property for Air Products and Chemicals (NYSE: APD)



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