Schwab Charles Investment Management Inc. boosted its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 5.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 660,649 shares of the basic materials company’s stock after buying an additional 32,456 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.30% of Air Products and Chemicals worth $89,380,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Air Products and Chemicals by 5.5% in the first quarter. Vanguard Group Inc. now owns 16,888,770 shares of the basic materials company’s stock valued at $2,284,882,000 after buying an additional 887,369 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Air Products and Chemicals by 1,973.1% in the first quarter. BlackRock Inc. now owns 14,149,340 shares of the basic materials company’s stock worth $1,914,263,000 after buying an additional 13,466,808 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Air Products and Chemicals by 6.8% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,651,446 shares of the basic materials company’s stock worth $1,305,744,000 after buying an additional 611,672 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Air Products and Chemicals by 3.7% in the first quarter. Principal Financial Group Inc. now owns 3,121,508 shares of the basic materials company’s stock worth $422,309,000 after buying an additional 110,064 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Air Products and Chemicals by 8.7% in the first quarter. Geode Capital Management LLC now owns 1,949,549 shares of the basic materials company’s stock worth $263,344,000 after buying an additional 156,078 shares during the period. Institutional investors and hedge funds own 88.92% of the company’s stock.

Shares of Air Products and Chemicals, Inc. (APD) traded down 0.98% on Tuesday, hitting $145.85. The stock had a trading volume of 866,114 shares. Air Products and Chemicals, Inc. has a 12-month low of $129.00 and a 12-month high of $150.45. The stock has a 50 day moving average price of $144.67 and a 200-day moving average price of $141.90. The company has a market cap of $31.79 billion, a price-to-earnings ratio of 10.96 and a beta of 1.25.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.06. Air Products and Chemicals had a net margin of 34.63% and a return on equity of 17.23%. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the previous year, the company posted $1.92 EPS. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. On average, equities analysts expect that Air Products and Chemicals, Inc. will post $6.22 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Tuesday, October 10th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend is Friday, October 6th. Air Products and Chemicals’s payout ratio is 28.51%.

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APD has been the subject of a number of analyst reports. Deutsche Bank AG upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and upped their price objective for the stock from $148.00 to $160.00 in a research note on Monday, May 1st. Zacks Investment Research upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $152.00 price objective for the company in a research note on Tuesday, April 18th. Credit Suisse Group restated an “outperform” rating and set a $158.00 price objective (up from $153.00) on shares of Air Products and Chemicals in a research note on Wednesday, August 2nd. Jefferies Group LLC restated a “hold” rating and set a $155.00 price objective on shares of Air Products and Chemicals in a research note on Friday, July 14th. Finally, BidaskClub cut Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. Air Products and Chemicals currently has an average rating of “Hold” and a consensus target price of $153.29.

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 is also a supplier of liquefied natural gas process technology and equipment.

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

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