UBS Asset Management Americas Inc. increased its position in Air Products and Chemicals Inc. (NYSE:APD) by 2.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 534,253 shares of the company’s stock after buying an additional 12,951 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.25% of Air Products and Chemicals worth $80,319,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Liberty Capital Management Inc. bought a new stake in shares of Air Products and Chemicals during the third quarter worth about $100,000. Parkside Financial Bank & Trust boosted 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 in the last quarter. Cantab Capital Partners LLP bought a new stake in shares of Air Products and Chemicals during the second quarter worth about $113,000. Penserra Capital Management LLC boosted its stake in shares of Air Products and Chemicals by 100.0% in the third quarter. Penserra Capital Management LLC now owns 864 shares of the company’s stock worth $129,000 after buying an additional 432 shares in the last quarter. Finally, M&R Capital Management Inc. bought a new stake in shares of Air Products and Chemicals during the second quarter worth about $149,000. Institutional investors own 84.89% of the company’s stock.

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

Shares of Air Products and Chemicals Inc. (NYSE:APD) opened at 143.47 on Wednesday. The company has a market capitalization of $31.19 billion, a P/E ratio of 49.64 and a beta of 1.24. Air Products and Chemicals Inc. has a 52-week low of $106.05 and a 52-week high of $146.01. The stock’s 50 day moving average price is $135.80 and its 200-day moving average price is $136.32.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Thursday, October 27th. The company reported $2.01 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same quarter last year, the company earned $1.82 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. On average, equities analysts expect that Air Products and Chemicals Inc. will post $6.39 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, February 13th. Stockholders of record on Tuesday, January 3rd will be issued a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.40%. Air Products and Chemicals’s dividend payout ratio is presently 119.03%.

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APD has been the topic of a number of recent analyst reports. HSBC initiated coverage on Air Products and Chemicals in a report on Tuesday. They set a “hold” rating and a $140.00 target price on the stock. Atlantic Securities raised Air Products and Chemicals from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $125.00 to $135.00 in a report on Friday, September 30th. Credit Suisse Group AG set a $163.00 target price on Air Products and Chemicals and gave the stock a “buy” rating in a report on Monday, September 12th. Zacks Investment Research lowered Air Products and Chemicals from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd. Finally, Argus raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $159.00 target price on the stock in a report on Monday, November 21st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $150.33.

About Air Products and Chemicals

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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