Donaldson Capital Management LLC decreased its position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 14.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,193 shares of the basic materials company's stock after selling 2,618 shares during the period. Donaldson Capital Management LLC's holdings in Air Products and Chemicals were worth $4,523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Research Global Investors raised its stake in shares of Air Products and Chemicals by 62.3% in the first quarter. Capital Research Global Investors now owns 11,230,051 shares of the basic materials company's stock worth $2,720,704,000 after purchasing an additional 4,309,040 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in Air Products and Chemicals by 4.2% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,062,859 shares of the basic materials company's stock worth $790,371,000 after buying an additional 122,676 shares during the last quarter. Pathway Financial Advisers LLC lifted its stake in Air Products and Chemicals by 29,954.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company's stock valued at $861,722,000 after acquiring an additional 2,884,581 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Air Products and Chemicals by 127.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,792,470 shares of the basic materials company's stock valued at $720,597,000 after acquiring an additional 1,564,169 shares during the period. Finally, Raymond James & Associates boosted its holdings in shares of Air Products and Chemicals by 1.7% in the 3rd quarter. Raymond James & Associates now owns 2,043,099 shares of the basic materials company's stock valued at $608,312,000 after acquiring an additional 33,313 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.
NYSE:APD opened at $309.21 on Monday. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $332.42. The stock has a market cap of $68.74 billion, a PE ratio of 26.79, a P/E/G ratio of 3.26 and a beta of 0.81. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.27. The stock has a 50 day moving average price of $298.45 and a 200 day moving average price of $274.87.
Air Products and Chemicals (NYSE:APD - Get Free Report) last issued its earnings results on Thursday, August 1st. The basic materials company reported $3.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.04 by $0.16. The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.04 billion. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. Equities research analysts expect that Air Products and Chemicals, Inc. will post 12.31 EPS for the current fiscal year.
APD has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price objective on Air Products and Chemicals from $280.00 to $330.00 and gave the company an "equal weight" rating in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft lowered shares of Air Products and Chemicals from a "buy" rating to a "hold" rating and dropped their price target for the company from $310.00 to $280.00 in a research report on Monday, July 22nd. StockNews.com upgraded shares of Air Products and Chemicals from a "sell" rating to a "hold" rating in a research report on Monday, September 23rd. Mizuho raised their target price on Air Products and Chemicals from $308.00 to $360.00 and gave the company an "outperform" rating in a research report on Wednesday, October 9th. Finally, UBS Group lifted their price target on Air Products and Chemicals from $307.00 to $345.00 and gave the company a "neutral" rating in a research note on Tuesday, October 15th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $326.12.
View Our Latest Analysis on APD
Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.
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