Gulf International Bank UK Ltd held its stake in shares of Air Products and Chemicals Inc. (NYSE:APD) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,415 shares of the company’s stock at the end of the third quarter. Gulf International Bank UK Ltd’s holdings in Air Products and Chemicals were worth $9,233,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in APD. Liberty Capital Management Inc. bought a new position in Air Products and Chemicals during the third quarter worth $100,000. Parkside Financial Bank & Trust increased its stake in shares of Air Products and Chemicals by 8.9% in the second quarter. Parkside Financial Bank & Trust now owns 793 shares of the company’s stock worth $113,000 after buying an additional 65 shares during the period. Cantab Capital Partners LLP acquired a new stake in shares of Air Products and Chemicals during the second quarter worth about $113,000. M&R Capital Management Inc. acquired a new stake in shares of Air Products and Chemicals during the second quarter worth about $149,000. Finally, Sii Investments Inc. WI acquired a new stake in shares of Air Products and Chemicals during the second quarter worth about $217,000. 84.89% of the stock is owned by institutional investors.

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

Air Products and Chemicals Inc. (NYSE:APD) traded up 0.7476% during trading on Tuesday, hitting $142.8399. The stock had a trading volume of 650,597 shares. Air Products and Chemicals Inc. has a 12 month low of $106.05 and a 12 month high of $146.01. The stock has a market cap of $31.05 billion, a price-to-earnings ratio of 49.4256 and a beta of 1.24. The stock has a 50 day moving average price of $135.80 and a 200-day moving average price of $136.32.

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

The company also recently declared 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 annualized dividend and a yield of 2.43%. Air Products and Chemicals’s dividend payout ratio is presently 119.03%.

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A number of brokerages have recently issued reports on APD. HSBC began coverage on Air Products and Chemicals in a research report on Tuesday. They set a “hold” rating and a $140.00 price target for the company. 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 research report on Monday, November 21st. Zacks Investment Research downgraded Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. Credit Suisse Group AG began coverage on Air Products and Chemicals in a research 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 lifted their price target for the company from $125.00 to $135.00 in a research report on Friday, September 30th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $150.33.

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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