TLP Group LLC boosted its stake in Air Products & Chemicals, Inc. (NYSE:APD) by 22.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 2,844 shares of the basic materials company’s stock after buying an additional 512 shares during the period. TLP Group LLC’s holdings in Air Products & Chemicals were worth $452,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in APD. BlackRock Inc. grew its stake in Air Products & Chemicals by 5.8% in the 4th quarter. BlackRock Inc. now owns 17,544,664 shares of the basic materials company’s stock valued at $2,878,729,000 after buying an additional 964,497 shares during the last quarter. Ceredex Value Advisors LLC acquired a new position in Air Products & Chemicals in the 1st quarter valued at about $108,911,000. Luminus Management LLC grew its stake in Air Products & Chemicals by 67.4% in the 4th quarter. Luminus Management LLC now owns 1,077,723 shares of the basic materials company’s stock valued at $176,832,000 after buying an additional 433,873 shares during the last quarter. Rothschild Asset Management Inc. acquired a new position in Air Products & Chemicals in the 1st quarter valued at about $56,392,000. Finally, State of Tennessee Treasury Department grew its stake in Air Products & Chemicals by 589.8% in the 4th quarter. State of Tennessee Treasury Department now owns 408,684 shares of the basic materials company’s stock valued at $67,056,000 after buying an additional 349,440 shares during the last quarter. Institutional investors and hedge funds own 86.94% of the company’s stock.

Shares of Air Products & Chemicals traded up $0.31, reaching $166.40, on Thursday, MarketBeat reports. 1,255 shares of the stock were exchanged, compared to its average volume of 1,070,733. Air Products & Chemicals, Inc. has a one year low of $140.78 and a one year high of $175.17. The company has a current ratio of 3.08, a quick ratio of 2.89 and a debt-to-equity ratio of 0.32. The company has a market cap of $36.92 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 1.40 and a beta of 1.20.

Air Products & Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, April 26th. The basic materials company reported $1.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.03. Air Products & Chemicals had a net margin of 13.13% and a return on equity of 14.97%. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.19 billion. research analysts forecast that Air Products & Chemicals, Inc. will post 7.37 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 13th. Stockholders of record on Monday, July 2nd will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Friday, June 29th. Air Products & Chemicals’s dividend payout ratio (DPR) is presently 69.73%.

APD has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $192.00 price target on the stock in a research note on Monday, March 12th. Citigroup decreased their price target on shares of Air Products & Chemicals from $210.00 to $185.00 and set a “buy” rating on the stock in a research note on Tuesday, April 10th. ValuEngine lowered shares of Air Products & Chemicals from a “buy” rating to a “hold” rating in a research report on Tuesday, June 5th. Credit Suisse Group set a $181.00 target price on shares of Air Products & Chemicals and gave the stock a “hold” rating in a research report on Thursday, April 26th. Finally, BMO Capital Markets began coverage on shares of Air Products & Chemicals in a research report on Tuesday, March 27th. They set an “outperform” rating and a $195.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $179.41.

Air Products & Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, electronics and performance materials, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including metals, glass, chemical processing, electronics, energy production and refining, food processing, metallurgical, medical, and general manufacturing.

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

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