First Business Financial Services Inc. Purchases Shares of 2,050 Air Products & Chemicals, Inc. (NYSE:APD)

First Business Financial Services Inc. bought a new position in shares of Air Products & Chemicals, Inc. (NYSE:APD) in the third quarter, HoldingsChannel reports. The institutional investor bought 2,050 shares of the basic materials company’s stock, valued at approximately $455,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of APD. Krane Funds Advisors LLC purchased a new stake in Air Products & Chemicals in the second quarter worth $26,000. Lenox Wealth Advisors LLC acquired a new stake in shares of Air Products & Chemicals in the third quarter valued at $27,000. Squar Milner Financial Services LLC grew its stake in shares of Air Products & Chemicals by 87.1% in the second quarter. Squar Milner Financial Services LLC now owns 131 shares of the basic materials company’s stock valued at $30,000 after buying an additional 61 shares in the last quarter. Assetmark Inc. grew its stake in shares of Air Products & Chemicals by 163.0% in the second quarter. Assetmark Inc. now owns 142 shares of the basic materials company’s stock valued at $32,000 after buying an additional 88 shares in the last quarter. Finally, Meridian Wealth Management LLC acquired a new stake in shares of Air Products & Chemicals in the second quarter valued at $43,000. Institutional investors own 85.26% of the company’s stock.

APD has been the subject of a number of research reports. Susquehanna Bancshares reaffirmed a “neutral” rating on shares of Air Products & Chemicals in a research note on Monday, August 19th. Citigroup set a $260.00 price objective on Air Products & Chemicals and gave the company a “buy” rating in a research note on Monday, July 15th. Zacks Investment Research raised Air Products & Chemicals from a “sell” rating to a “hold” rating and set a $228.00 price objective for the company in a research note on Thursday, October 31st. Barclays lifted their price objective on Air Products & Chemicals from $220.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, BMO Capital Markets lifted their price objective on Air Products & Chemicals from $235.00 to $252.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $240.13.

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APD traded up $6.29 on Friday, hitting $233.87. 1,800,237 shares of the company were exchanged, compared to its average volume of 1,085,902. Air Products & Chemicals, Inc. has a twelve month low of $149.64 and a twelve month high of $234.61. The company has a market cap of $47.72 billion, a price-to-earnings ratio of 31.39, a price-to-earnings-growth ratio of 1.91 and a beta of 0.84. The company has a current ratio of 2.28, a quick ratio of 2.09 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $216.25 and a two-hundred day moving average price of $218.23.

Air Products & Chemicals (NYSE:APD) last released its earnings results on Thursday, November 7th. The basic materials company reported $2.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.29 by ($0.02). Air Products & Chemicals had a return on equity of 15.42% and a net margin of 19.14%. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same period in the previous year, the firm earned $2.00 earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. Equities analysts expect that Air Products & Chemicals, Inc. will post 8.24 EPS for the current year.

Air Products & Chemicals Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, 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 refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

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

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