Calamos Advisors LLC Grows Position in Air Products and Chemicals, Inc. (APD)

Calamos Advisors LLC lifted its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 3.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,899 shares of the basic materials company’s stock after buying an additional 1,096 shares during the period. Calamos Advisors LLC’s holdings in Air Products and Chemicals were worth $4,521,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. First Midwest Bank Trust Division lifted its stake in Air Products and Chemicals by 30.8% during the third quarter. First Midwest Bank Trust Division now owns 3,507 shares of the basic materials company’s stock worth $530,000 after purchasing an additional 826 shares during the period. Meyer Handelman Co. increased its holdings in shares of Air Products and Chemicals by 1.2% during the third quarter. Meyer Handelman Co. now owns 38,700 shares of the basic materials company’s stock worth $5,853,000 after buying an additional 450 shares in the last quarter. Aperio Group LLC increased its holdings in shares of Air Products and Chemicals by 5.6% during the third quarter. Aperio Group LLC now owns 134,978 shares of the basic materials company’s stock worth $20,411,000 after buying an additional 7,217 shares in the last quarter. Trust Co. of Vermont increased its holdings in shares of Air Products and Chemicals by 5.5% during the third quarter. Trust Co. of Vermont now owns 53,729 shares of the basic materials company’s stock worth $8,125,000 after buying an additional 2,816 shares in the last quarter. Finally, Youngs Advisory Group Inc. increased its holdings in shares of Air Products and Chemicals by 1.1% during the third quarter. Youngs Advisory Group Inc. now owns 83,259 shares of the basic materials company’s stock worth $12,590,000 after buying an additional 941 shares in the last quarter. Institutional investors and hedge funds own 87.30% of the company’s stock.

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

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Several research firms have recently weighed in on APD. UBS AG raised their price objective on shares of Air Products and Chemicals from $162.00 to $172.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Credit Suisse Group raised their price objective on shares of 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. Barclays PLC raised their price objective on shares of 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. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $175.00 price objective on shares of Air Products and Chemicals in a research note on Friday, October 27th. Finally, Citigroup Inc. lifted their price target on shares of Air Products and Chemicals from $172.30 to $185.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $162.33.

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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