Fenimore Asset Management Inc. Has $95.13 Million Stock Holdings in Air Products & Chemicals, Inc. (NYSE:APD)

Fenimore Asset Management Inc. boosted its stake in Air Products & Chemicals, Inc. (NYSE:APD) by 0.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 420,222 shares of the basic materials company’s stock after acquiring an additional 1,825 shares during the quarter. Air Products & Chemicals accounts for 3.2% of Fenimore Asset Management Inc.’s portfolio, making the stock its 9th largest position. Fenimore Asset Management Inc. owned approximately 0.19% of Air Products & Chemicals worth $95,126,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake in shares of Air Products & Chemicals by 25.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,044,236 shares of the basic materials company’s stock valued at $167,161,000 after purchasing an additional 212,479 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Air Products & Chemicals by 7.6% in the fourth quarter. Geode Capital Management LLC now owns 2,636,556 shares of the basic materials company’s stock valued at $421,179,000 after purchasing an additional 187,347 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Air Products & Chemicals by 1.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 9,581 shares of the basic materials company’s stock valued at $1,533,000 after purchasing an additional 169 shares in the last quarter. Cetera Advisor Networks LLC lifted its holdings in shares of Air Products & Chemicals by 10.7% in the fourth quarter. Cetera Advisor Networks LLC now owns 1,726 shares of the basic materials company’s stock valued at $276,000 after purchasing an additional 167 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its holdings in shares of Air Products & Chemicals by 1.2% in the fourth quarter. Macquarie Group Ltd. now owns 64,308 shares of the basic materials company’s stock valued at $10,292,000 after purchasing an additional 756 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

In other Air Products & Chemicals news, CEO Seifi Ghasemi purchased 20,000 shares of the business’s stock in a transaction on Friday, July 26th. The stock was purchased at an average price of $227.16 per share, for a total transaction of $4,543,200.00. Following the completion of the purchase, the chief executive officer now directly owns 453,783 shares in the company, valued at $103,081,346.28. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Russell A. Flugel sold 2,970 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $207.01, for a total transaction of $614,819.70. Following the sale, the vice president now owns 6,387 shares of the company’s stock, valued at $1,322,172.87. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.

Shares of NYSE:APD opened at $226.34 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.09 and a current ratio of 2.28. The stock’s 50-day moving average is $227.04 and its 200-day moving average is $203.23. Air Products & Chemicals, Inc. has a 52-week low of $148.44 and a 52-week high of $232.47. The company has a market cap of $50.61 billion, a P/E ratio of 30.38, a P/E/G ratio of 2.30 and a beta of 0.84.

Air Products & Chemicals (NYSE:APD) last released its earnings results on Thursday, July 25th. The basic materials company reported $2.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.14 by $0.03. Air Products & Chemicals had a net margin of 19.14% and a return on equity of 15.42%. The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter last year, the company earned $1.95 earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis. As a group, equities analysts predict that Air Products & Chemicals, Inc. will post 8.24 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 11th. Investors of record on Tuesday, October 1st will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Monday, September 30th. Air Products & Chemicals’s payout ratio is presently 62.28%.

A number of research firms have recently weighed in on APD. Sanford C. Bernstein downgraded shares of Air Products & Chemicals from an “outperform” rating to a “market perform” rating and set a $225.00 price target on the stock. in a research note on Thursday, July 18th. Zacks Investment Research downgraded shares of Air Products & Chemicals from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Bank of America raised shares of Air Products & Chemicals from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $170.00 to $215.00 in a research note on Thursday, April 25th. JPMorgan Chase & Co. increased their target price on shares of Air Products & Chemicals from $207.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, June 7th. Finally, Monness Crespi & Hardt reissued a “buy” rating and set a $254.00 target price (up from $214.00) on shares of Air Products & Chemicals in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $234.71.

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.

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

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