Fruth Investment Management Decreases Position in Air Products & Chemicals, Inc. (APD)

Fruth Investment Management decreased its position in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 3.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 25,602 shares of the basic materials company’s stock after selling 900 shares during the quarter. Air Products & Chemicals accounts for 1.8% of Fruth Investment Management’s portfolio, making the stock its 11th biggest position. Fruth Investment Management’s holdings in Air Products & Chemicals were worth $4,200,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in APD. Tortoise Investment Management LLC lifted its holdings in shares of Air Products & Chemicals by 3,369.6% during the third quarter. Tortoise Investment Management LLC now owns 798 shares of the basic materials company’s stock worth $121,000 after purchasing an additional 775 shares during the period. Westwood Holdings Group Inc. lifted its holdings in Air Products & Chemicals by 718.5% in the second quarter. Westwood Holdings Group Inc. now owns 1,105 shares of the basic materials company’s stock valued at $158,000 after acquiring an additional 970 shares during the period. WFG Advisors LP lifted its holdings in Air Products & Chemicals by 47.5% in the second quarter. WFG Advisors LP now owns 1,267 shares of the basic materials company’s stock valued at $181,000 after acquiring an additional 408 shares during the period. San Francisco Sentry Investment Group CA lifted its holdings in Air Products & Chemicals by 6,110.0% in the third quarter. San Francisco Sentry Investment Group CA now owns 1,242 shares of the basic materials company’s stock valued at $188,000 after acquiring an additional 1,222 shares during the period. Finally, Weybosset Research & Management LLC acquired a new position in Air Products & Chemicals in the third quarter valued at approximately $201,000. 88.01% of the stock is owned by hedge funds and other institutional investors.

APD has been the subject of a number of analyst reports. UBS Group boosted their price target on Air Products & Chemicals from $162.00 to $172.00 and gave the company a “buy” rating in a report on Friday, October 27th. SunTrust Banks boosted their price target on Air Products & Chemicals to $185.00 and gave the company a “buy” rating in a report on Monday, November 13th. They noted that the move was a valuation call. raised Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a report on Monday, November 13th. Argus boosted their price target on Air Products & Chemicals to $192.00 and gave the company a “buy” rating in a report on Thursday, November 9th. They noted that the move was a valuation call. Finally, Citigroup boosted their price target on Air Products & Chemicals from $172.30 to $185.00 and gave the company a “buy” rating in a report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $166.79.

Air Products & Chemicals, Inc. (NYSE APD) traded up $0.18 during trading on Tuesday, hitting $168.63. The stock had a trading volume of 802,100 shares, compared to its average volume of 865,320. The stock has a market capitalization of $36,950.00, a PE ratio of 32.68, a PEG ratio of 1.69 and a beta of 1.24. Air Products & Chemicals, Inc. has a 1-year low of $133.63 and a 1-year high of $168.97. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.36 and a quick ratio of 2.23.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Tuesday, January 2nd will be given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Friday, December 29th. Air Products & Chemicals’s dividend payout ratio (DPR) is presently 73.64%.

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Air Products & Chemicals Company Profile

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 & Chemicals (NYSE:APD)

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