Exxonmobil Investment Management Inc. TX increased its stake in Air Products and Chemicals Inc. (NYSE:APD) by 9.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,293 shares of the company’s stock after buying an additional 4,954 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Air Products and Chemicals were worth $8,313,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of APD. British Columbia Investment Management Corp boosted its stake in Air Products and Chemicals by 0.3% in the second quarter. British Columbia Investment Management Corp now owns 130,752 shares of the company’s stock valued at $18,572,000 after buying an additional 345 shares in the last quarter. Rosenbaum Jay D. boosted its stake in Air Products and Chemicals by 38.5% in the second quarter. Rosenbaum Jay D. now owns 1,980 shares of the company’s stock valued at $281,000 after buying an additional 550 shares in the last quarter. Raymond James Trust N.A. boosted its stake in Air Products and Chemicals by 2.7% in the second quarter. Raymond James Trust N.A. now owns 6,880 shares of the company’s stock valued at $977,000 after buying an additional 182 shares in the last quarter. Baxter Bros Inc. acquired a new stake in Air Products and Chemicals during the second quarter valued at about $2,653,000. Finally, Cullinan Associates Inc. boosted its stake in Air Products and Chemicals by 5.7% in the second quarter. Cullinan Associates Inc. now owns 7,400 shares of the company’s stock valued at $1,051,000 after buying an additional 400 shares in the last quarter. 88.73% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Air Products and Chemicals Inc. (NYSE:APD) traded up 1.29% during midday trading on Monday, reaching $139.74. The company’s stock had a trading volume of 1,232,414 shares. Air Products and Chemicals Inc. has a one year low of $106.05 and a one year high of $146.01. The company has a market capitalization of $30.35 billion, a P/E ratio of 48.35 and a beta of 1.24. The stock’s 50-day moving average is $135.45 and its 200-day moving average is $136.05.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Thursday, October 27th. The company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.03. Air Products and Chemicals had a return on equity of 22.74% and a net margin of 6.63%. The business earned $2.46 billion during the quarter, compared to analysts’ expectations of $2.45 billion. During the same quarter in the prior year, the firm earned $1.82 earnings per share. The business’s revenue was up .6% compared to the same quarter last year. On average, equities analysts expect that Air Products and Chemicals Inc. will post $6.39 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, February 13th. Shareholders of record on Tuesday, January 3rd will be issued a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.46%. Air Products and Chemicals’s payout ratio is currently 119.03%.

Several equities analysts have weighed in on the company. Zacks Investment Research cut Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Tuesday, October 4th. JPMorgan Chase & Co. upgraded Air Products and Chemicals from a “neutral” rating to an “overweight” rating and raised their price target for the company from $140.00 to $160.00 in a report on Friday, August 12th. Argus upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $159.00 price target for the company in a report on Monday. Credit Suisse Group AG assumed coverage on Air Products and Chemicals in a report on Monday, October 3rd. They set an “outperform” rating for the company. Finally, Atlantic Securities upgraded Air Products and Chemicals from an “underweight” rating to a “neutral” rating and raised their price target for the company from $125.00 to $135.00 in a report on Friday, September 30th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $151.07.

In other Air Products and Chemicals news, SVP John D. Stanley sold 17,247 shares of the stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $155.39, for a total transaction of $2,680,011.33. Following the completion of the transaction, the senior vice president now owns 36,129 shares of the company’s stock, valued at $5,614,085.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.33% of the company’s stock.

Air Products and 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 operates through seven segments: Industrial Gases-Americas, Industrial Gases-Europe, Middle East, and Africa (EMEA), Industrial Gases-Asia, Industrial Gases-Global, Materials Technologies, Energy-from-Waste, and Corporate and other.

5 Day Chart for NYSE:APD

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