DAGCO Inc. Grows Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

DAGCO Inc. increased its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 12.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,561 shares of the basic materials company’s stock after buying an additional 279 shares during the quarter. DAGCO Inc.’s holdings in Air Products and Chemicals were worth $721,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in APD. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Air Products and Chemicals in the 4th quarter valued at approximately $1,711,000. First American Bank boosted its holdings in Air Products and Chemicals by 1.4% in the 4th quarter. First American Bank now owns 28,965 shares of the basic materials company’s stock valued at $7,914,000 after purchasing an additional 395 shares in the last quarter. ING Groep NV boosted its stake in shares of Air Products and Chemicals by 199.9% during the 4th quarter. ING Groep NV now owns 14,660 shares of the basic materials company’s stock worth $4,005,000 after acquiring an additional 9,771 shares in the last quarter. Alpine Woods Capital Investors LLC purchased a new stake in shares of Air Products and Chemicals during the 4th quarter worth approximately $6,588,000. Finally, Ingalls & Snyder LLC acquired a new position in shares of Air Products and Chemicals during the 4th quarter worth approximately $405,000. 82.75% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on the company. Bank of America upgraded Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $305.00 price objective for the company in a research report on Monday, February 8th. Deutsche Bank Aktiengesellschaft cut their price target on Air Products and Chemicals from $315.00 to $300.00 and set a “buy” rating for the company in a report on Friday, February 5th. Zacks Investment Research downgraded Air Products and Chemicals from a “hold” rating to a “sell” rating and set a $297.00 price objective for the company. in a report on Wednesday, March 31st. Cowen began coverage on Air Products and Chemicals in a report on Wednesday, March 24th. They set an “outperform” rating and a $340.00 price objective for the company. Finally, Citigroup downgraded Air Products and Chemicals from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $325.00 to $277.00 in a report on Friday, February 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $305.00.

Shares of Air Products and Chemicals stock traded up $0.51 during trading on Tuesday, reaching $290.70. The company had a trading volume of 7,154 shares, compared to its average volume of 1,133,763. The company has a market cap of $64.33 billion, a price-to-earnings ratio of 34.15, a price-to-earnings-growth ratio of 3.63 and a beta of 0.76. The firm’s fifty day moving average is $283.64 and its 200-day moving average is $276.68. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.43 and a current ratio of 3.59. Air Products and Chemicals, Inc. has a fifty-two week low of $219.52 and a fifty-two week high of $327.89.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Wednesday, February 3rd. The basic materials company reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.07). The company had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.34 billion. Air Products and Chemicals had a net margin of 21.30% and a return on equity of 15.48%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.14 EPS. On average, research analysts anticipate that Air Products and Chemicals, Inc. will post 9.28 EPS for the current fiscal year.

Air Products and 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, manufacturing, food and beverage, electronics, magnetic resonance imaging, energy production and refining, and metals.

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

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