Honkamp Krueger Financial Services Inc. Raises Holdings in Air Products & Chemicals, Inc. (NYSE:APD)

Honkamp Krueger Financial Services Inc. raised its holdings in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 17.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,142 shares of the basic materials company’s stock after acquiring an additional 171 shares during the quarter. Honkamp Krueger Financial Services Inc.’s holdings in Air Products & Chemicals were worth $268,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. First Allied Advisory Services Inc. boosted its stake in shares of Air Products & Chemicals by 2.3% in the 3rd quarter. First Allied Advisory Services Inc. now owns 2,010 shares of the basic materials company’s stock worth $449,000 after buying an additional 46 shares during the last quarter. Jaffetilchin Investment Partners LLC boosted its stake in shares of Air Products & Chemicals by 1.7% in the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 2,945 shares of the basic materials company’s stock worth $653,000 after buying an additional 48 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of Air Products & Chemicals by 1.6% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 3,090 shares of the basic materials company’s stock worth $686,000 after buying an additional 50 shares during the last quarter. Rehmann Capital Advisory Group boosted its stake in shares of Air Products & Chemicals by 8.0% in the 2nd quarter. Rehmann Capital Advisory Group now owns 719 shares of the basic materials company’s stock worth $163,000 after buying an additional 53 shares during the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. boosted its stake in shares of Air Products & Chemicals by 2.0% in the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,710 shares of the basic materials company’s stock worth $601,000 after buying an additional 53 shares during the last quarter. Institutional investors and hedge funds own 83.60% of the company’s stock.

A number of research firms have recently issued reports on APD. Barclays raised their price target on Air Products & Chemicals from $260.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Deutsche Bank raised their price target on Air Products & Chemicals from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. They noted that the move was a valuation call. Zacks Investment Research downgraded Air Products & Chemicals from a “buy” rating to a “hold” rating and set a $243.00 price target on the stock. in a research note on Friday, January 3rd. Atlantic Securities began coverage on Air Products & Chemicals in a research note on Monday, November 18th. They issued a “neutral” rating and a $250.00 price target on the stock. Finally, UBS Group dropped their price target on Air Products & Chemicals from $232.00 to $230.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Thirteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $240.76.

NYSE APD opened at $235.46 on Thursday. The company has a market capitalization of $51.71 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 2.01 and a beta of 0.85. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.32 and a current ratio of 2.54. The business’s fifty day moving average is $232.68 and its 200 day moving average is $226.13. Air Products & Chemicals, Inc. has a fifty-two week low of $154.00 and a fifty-two week high of $241.90.

Air Products & Chemicals (NYSE:APD) last released its earnings results on Thursday, November 7th. The basic materials company reported $2.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.29 by ($0.02). The company had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.37 billion. Air Products & Chemicals had a net margin of 19.73% and a return on equity of 15.88%. Air Products & Chemicals’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the firm posted $2.00 earnings per share. On average, sell-side analysts forecast that Air Products & Chemicals, Inc. will post 9.47 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Thursday, January 2nd will be given a dividend of $1.16 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $4.64 annualized dividend and a yield of 1.97%. Air Products & Chemicals’s dividend payout ratio (DPR) is presently 56.52%.

Air Products & Chemicals Company 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.

Recommended Story: S&P/ASX 200 Index

Want to see what other hedge funds are holding APD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Air Products & Chemicals, Inc. (NYSE:APD).

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

Receive News & Ratings for Air Products & Chemicals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Products & Chemicals and related companies with MarketBeat.com's FREE daily email newsletter.