Hartford Investment Management Co. reduced its stake in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 0.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,973 shares of the basic materials company’s stock after selling 374 shares during the quarter. Hartford Investment Management Co.’s holdings in Air Products & Chemicals were worth $7,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in APD. Janus Henderson Group PLC grew its holdings in Air Products & Chemicals by 8,260.1% during the 2nd quarter. Janus Henderson Group PLC now owns 2,720,195 shares of the basic materials company’s stock valued at $389,152,000 after buying an additional 2,687,657 shares in the last quarter. Findlay Park Partners LLP purchased a new stake in Air Products & Chemicals during the 3rd quarter valued at approximately $362,928,000. BlackRock Inc. grew its holdings in Air Products & Chemicals by 8.0% during the 2nd quarter. BlackRock Inc. now owns 15,281,219 shares of the basic materials company’s stock valued at $2,186,132,000 after buying an additional 1,131,879 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in Air Products & Chemicals by 80.2% during the 3rd quarter. First Eagle Investment Management LLC now owns 2,313,812 shares of the basic materials company’s stock valued at $349,895,000 after buying an additional 1,029,451 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in Air Products & Chemicals by 57.2% during the 2nd quarter. American Century Companies Inc. now owns 2,125,659 shares of the basic materials company’s stock valued at $304,097,000 after buying an additional 773,446 shares in the last quarter. 87.66% of the stock is owned by institutional investors and hedge funds.

Air Products & Chemicals, Inc. (NYSE APD) opened at $161.64 on Friday. Air Products & Chemicals, Inc. has a fifty-two week low of $133.63 and a fifty-two week high of $164.65. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.36 and a quick ratio of 2.23. The firm has a market cap of $35,030.00, a price-to-earnings ratio of 25.84, a P/E/G ratio of 1.92 and a beta of 1.24.

Air Products & Chemicals (NYSE:APD) last posted its earnings results on Thursday, October 26th. The basic materials company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.08. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.12 billion. Air Products & Chemicals had a net margin of 36.65% and a return on equity of 15.25%. Air Products & Chemicals’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period last year, the firm posted $2.01 earnings per share. research analysts predict that Air Products & Chemicals, Inc. will post 7 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Shareholders of record on Tuesday, January 2nd will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Friday, December 29th. Air Products & Chemicals’s payout ratio is 73.64%.

APD has been the subject of a number of research analyst reports. Susquehanna Bancshares increased their price objective on shares of Air Products & Chemicals and gave the company a “positive” rating in a report on Tuesday, November 7th. UBS raised their target price on shares of Air Products & Chemicals from $162.00 to $172.00 and gave the company a “buy” rating in a report on Friday, October 27th. KeyCorp reissued a “buy” rating and issued a $161.00 target price on shares of Air Products & Chemicals in a report on Friday, September 8th. raised shares of Air Products & Chemicals from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Finally, Citigroup raised their target price on shares of Air Products & Chemicals from $172.30 to $185.00 and gave the company a “buy” rating in a report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $164.80.

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About Air Products & 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 is also a supplier of liquefied natural gas process technology and equipment.

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

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