Air Products and Chemicals, Inc. (APD) Shares Bought by Berkshire Asset Management LLC PA

Berkshire Asset Management LLC PA raised its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 8.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,511 shares of the basic materials company’s stock after acquiring an additional 415 shares during the quarter. Berkshire Asset Management LLC PA’s holdings in Air Products and Chemicals were worth $833,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in APD. Patten Group Inc. grew its stake in Air Products and Chemicals by 3.7% during the 1st quarter. Patten Group Inc. now owns 778 shares of the basic materials company’s stock valued at $105,000 after acquiring an additional 28 shares in the last quarter. Guardian Life Insurance Co. of America grew its stake in Air Products and Chemicals by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 838 shares of the basic materials company’s stock valued at $113,000 after acquiring an additional 6 shares in the last quarter. IMS Capital Management purchased a new position in Air Products and Chemicals during the 2nd quarter valued at about $129,000. Armbruster Capital Management Inc. grew its stake in Air Products and Chemicals by 13.5% during the 2nd quarter. Armbruster Capital Management Inc. now owns 908 shares of the basic materials company’s stock valued at $130,000 after acquiring an additional 108 shares in the last quarter. Finally, Hanson & Doremus Investment Management grew its stake in Air Products and Chemicals by 8.8% during the 2nd quarter. Hanson & Doremus Investment Management now owns 931 shares of the basic materials company’s stock valued at $133,000 after acquiring an additional 75 shares in the last quarter. 87.30% of the stock is currently owned by institutional investors.

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Several research firms have weighed in on APD. Deutsche Bank AG lifted their target price on Air Products and Chemicals from $160.00 to $168.00 and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Credit Suisse Group lifted their target price on Air Products and Chemicals from $158.00 to $173.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $175.00 target price on shares of Air Products and Chemicals in a research note on Friday, October 27th. Barclays PLC lifted their target price on Air Products and Chemicals from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, October 27th. Finally, Citigroup Inc. lifted their target price on Air Products and Chemicals from $172.30 to $185.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. Air Products and Chemicals presently has an average rating of “Hold” and a consensus target price of $162.33.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, October 26th. The basic materials company reported $1.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.08. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.12 billion. Air Products and Chemicals had a return on equity of 15.25% and a net margin of 36.65%. Air Products and Chemicals’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the company earned $2.01 earnings per share.

About Air Products and 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.

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

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