National Pension Service raised its stake in shares of Air Products and Chemicals Inc. (NYSE:APD) by 8.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 139,774 shares of the company’s stock after buying an additional 11,081 shares during the period. National Pension Service owned approximately 0.06% of Air Products and Chemicals worth $21,014,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in APD. Bank of Montreal Can acquired a new stake in shares of Air Products and Chemicals during the second quarter valued at about $37,233,000. Northeast Investment Management increased its stake in shares of Air Products and Chemicals by 0.3% in the second quarter. Northeast Investment Management now owns 15,700 shares of the company’s stock valued at $2,230,000 after buying an additional 51 shares during the period. Fenimore Asset Management Inc. increased its stake in shares of Air Products and Chemicals by 38.5% in the third quarter. Fenimore Asset Management Inc. now owns 70,730 shares of the company’s stock valued at $10,634,000 after buying an additional 19,670 shares during the period. Dearborn Partners LLC increased its stake in shares of Air Products and Chemicals by 3.8% in the second quarter. Dearborn Partners LLC now owns 106,743 shares of the company’s stock valued at $15,162,000 after buying an additional 3,873 shares during the period. Finally, Advisor Partners LLC increased its stake in shares of Air Products and Chemicals by 1.5% in the second quarter. Advisor Partners LLC now owns 3,758 shares of the company’s stock valued at $534,000 after buying an additional 57 shares during the period. 84.89% of the stock is currently owned by institutional investors.

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

Air Products and Chemicals Inc. (NYSE:APD) traded down 0.07% during midday trading on Wednesday, hitting $143.37. 357,354 shares of the stock traded hands. Air Products and Chemicals Inc. has a 1-year low of $106.05 and a 1-year high of $146.01. The firm has a market cap of $31.17 billion, a P/E ratio of 49.61 and a beta of 1.24. The company 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 announced its earnings results on Thursday, October 27th. The company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.98 by $0.03. Air Products and Chemicals had a net margin of 6.63% and a return on equity of 22.74%. The company earned $2.46 billion during the quarter, compared to analysts’ expectations of $2.45 billion. During the same period last year, the company posted $1.82 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. Analysts predict that Air Products and Chemicals Inc. will post $6.39 EPS for the current 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 $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 2.40%. Air Products and Chemicals’s payout ratio is 119.03%.

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APD has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Tuesday, October 4th. Atlantic Securities raised shares of Air Products and Chemicals from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $125.00 to $135.00 in a research note on Friday, September 30th. Credit Suisse Group AG initiated coverage on shares of Air Products and Chemicals in a research note on Monday, October 3rd. They set an “outperform” rating on the stock. Argus raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $159.00 price objective on the stock in a research note on Monday, November 21st. Finally, JPMorgan Chase & Co. raised shares of Air Products and Chemicals from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $140.00 to $160.00 in a research note on Friday, August 12th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price 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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