Atalanta Sosnoff Capital LLC Invests $336,000 in Air Products & Chemicals, Inc. (APD)

Atalanta Sosnoff Capital LLC purchased a new position in Air Products & Chemicals, Inc. (NYSE:APD) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,050 shares of the basic materials company’s stock, valued at approximately $336,000.

Several other institutional investors have also modified their holdings of the stock. Beach Investment Management LLC. bought a new stake in Air Products & Chemicals during the 2nd quarter valued at about $238,000. Victory Capital Management Inc. increased its stake in Air Products & Chemicals by 3.4% during the 2nd quarter. Victory Capital Management Inc. now owns 4,093 shares of the basic materials company’s stock valued at $586,000 after purchasing an additional 135 shares in the last quarter. Sheaff Brock Investment Advisors LLC bought a new stake in Air Products & Chemicals during the 2nd quarter valued at about $205,000. Engineers Gate Manager LP increased its stake in Air Products & Chemicals by 246.6% during the 2nd quarter. Engineers Gate Manager LP now owns 10,744 shares of the basic materials company’s stock valued at $1,537,000 after purchasing an additional 7,644 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK increased its stake in Air Products & Chemicals by 8.9% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 53,887 shares of the basic materials company’s stock valued at $7,709,000 after purchasing an additional 4,418 shares in the last quarter. Institutional investors own 88.03% of the company’s stock.

A number of analysts have recently issued reports on APD shares. raised shares of Air Products & Chemicals from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Susquehanna Bancshares raised their price target on shares of Air Products & Chemicals and gave the company a “positive” rating in a report on Tuesday, November 7th. Argus raised their price objective on shares of Air Products & Chemicals to $192.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. They noted that the move was a valuation call. Jefferies Group raised shares of Air Products & Chemicals from a “hold” rating to a “buy” rating and raised their price objective for the stock from $166.00 to $185.00 in a report on Monday, December 11th. Finally, SunTrust Banks reissued a “buy” rating and issued a $175.00 price objective on shares of Air Products & Chemicals in a report on Friday, October 27th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $166.79.

Air Products & Chemicals, Inc. (APD) traded down $3.40 during trading on Tuesday, hitting $166.75. 1,113,837 shares of the stock traded hands, compared to its average volume of 852,154. The company has a market capitalization of $36,490.00, a PE ratio of 32.32, a P/E/G ratio of 1.71 and a beta of 1.24. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.23 and a current ratio of 2.36. Air Products & Chemicals, Inc. has a 52-week low of $133.63 and a 52-week high of $171.49.

Air Products & Chemicals (NYSE:APD) last released its quarterly earnings data on Thursday, October 26th. The basic materials company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.08. The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.12 billion. Air Products & Chemicals had a net margin of 36.65% and a return on equity of 15.25%. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.01 earnings per share. sell-side analysts expect that Air Products & Chemicals, Inc. will post 7.03 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 12th. Investors of record on Tuesday, January 2nd will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Friday, December 29th. Air Products & Chemicals’s dividend payout ratio is presently 73.64%.

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About Air Products & Chemicals

Air Products and Chemicals, Inc, is an industrial gases company. The Company’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. The Company is also a supplier of liquefied natural gas process technology and equipment.

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

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