Donaldson Capital Management LLC boosted its holdings in Air Products & Chemicals, Inc. (NYSE:APD) by 1.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 167,192 shares of the basic materials company’s stock after acquiring an additional 1,715 shares during the quarter. Air Products & Chemicals accounts for approximately 2.4% of Donaldson Capital Management LLC’s investment portfolio, making the stock its 18th biggest holding. Donaldson Capital Management LLC’s holdings in Air Products & Chemicals were worth $27,930,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Braun Bostich & Associates Inc. grew its stake in Air Products & Chemicals by 542.6% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 739 shares of the basic materials company’s stock valued at $115,000 after buying an additional 624 shares in the last quarter. NuWave Investment Management LLC grew its stake in Air Products & Chemicals by 8,770.0% in the 3rd quarter. NuWave Investment Management LLC now owns 887 shares of the basic materials company’s stock valued at $148,000 after buying an additional 877 shares in the last quarter. IMS Capital Management purchased a new position in shares of Air Products & Chemicals during the 2nd quarter valued at $146,000. Douglass Winthrop Advisors LLC purchased a new position in shares of Air Products & Chemicals during the 3rd quarter valued at $200,000. Finally, Nwam LLC purchased a new position in shares of Air Products & Chemicals during the 3rd quarter valued at $203,000. Institutional investors and hedge funds own 86.19% of the company’s stock.

NYSE APD opened at $159.90 on Friday. Air Products & Chemicals, Inc. has a 52-week low of $148.44 and a 52-week high of $175.17. The company has a quick ratio of 2.24, a current ratio of 2.17 and a debt-to-equity ratio of 0.30. The firm has a market cap of $35.36 billion, a PE ratio of 21.64, a P/E/G ratio of 1.60 and a beta of 1.08.

Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings data on Tuesday, November 6th. The basic materials company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.01. Air Products & Chemicals had a net margin of 16.77% and a return on equity of 15.30%. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the previous year, the firm posted $1.76 EPS. The firm’s revenue was up 4.3% compared to the same quarter last year. On average, equities analysts expect that Air Products & Chemicals, Inc. will post 8.2 EPS for the current year.

A number of research firms have recently commented on APD. BMO Capital Markets restated a “buy” rating and set a $197.00 price target (up from $195.00) on shares of Air Products & Chemicals in a research report on Friday, July 27th. Zacks Investment Research lowered shares of Air Products & Chemicals from a “hold” rating to a “sell” rating in a research report on Wednesday, July 18th. Susquehanna Bancshares boosted their price target on shares of Air Products & Chemicals from $200.00 to $215.00 and gave the company a “positive” rating in a research report on Wednesday, August 1st. Deutsche Bank boosted their price target on shares of Air Products & Chemicals from $190.00 to $192.00 and gave the company a “buy” rating in a research report on Tuesday, August 14th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Air Products & Chemicals from $172.00 to $170.00 and set an “overweight” rating for the company in a research report on Friday, July 27th. Two investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Air Products & Chemicals has a consensus rating of “Buy” and a consensus price target of $187.64.

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Air Products & Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, electronics and performance materials, 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 metals, glass, chemical processing, electronics, energy production and refining, food processing, metallurgical, medical, and general manufacturing.

Further Reading: Growth Stocks

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

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