Royal London Asset Management Ltd. lessened its holdings in Air Products & Chemicals, Inc. (NYSE:APD) by 0.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 86,555 shares of the basic materials company’s stock after selling 558 shares during the period. Royal London Asset Management Ltd.’s holdings in Air Products & Chemicals were worth $14,459,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. United Capital Management of KS Inc. purchased a new stake in shares of Air Products & Chemicals in the third quarter valued at about $629,000. Bridgewater Associates LP purchased a new position in shares of Air Products & Chemicals during the second quarter valued at approximately $513,000. GHP Investment Advisors Inc. lifted its stake in shares of Air Products & Chemicals by 4.1% during the second quarter. GHP Investment Advisors Inc. now owns 15,329 shares of the basic materials company’s stock valued at $2,387,000 after buying an additional 606 shares during the period. Grandfield & Dodd LLC lifted its stake in shares of Air Products & Chemicals by 0.5% during the second quarter. Grandfield & Dodd LLC now owns 97,860 shares of the basic materials company’s stock valued at $15,240,000 after buying an additional 500 shares during the period. Finally, Clean Yield Group lifted its stake in shares of Air Products & Chemicals by 18.9% during the third quarter. Clean Yield Group now owns 2,895 shares of the basic materials company’s stock valued at $484,000 after buying an additional 460 shares during the period. 85.08% of the stock is currently owned by institutional investors.

Shares of APD opened at $164.03 on Monday. The company has a current ratio of 2.17, a quick ratio of 2.00 and a debt-to-equity ratio of 0.30. The company has a market cap of $35.93 billion, a P/E ratio of 22.02, a PEG ratio of 1.70 and a beta of 1.08. Air Products & Chemicals, Inc. has a 1 year low of $148.44 and a 1 year high of $175.17.

Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings results on Tuesday, November 6th. The basic materials company reported $2.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.01. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.31 billion. Air Products & Chemicals had a net margin of 16.77% and a return on equity of 15.30%. Air Products & Chemicals’s revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.76 earnings per share. On average, equities analysts predict that Air Products & Chemicals, Inc. will post 8.19 EPS for the current year.

Several equities analysts recently issued reports on APD shares. JPMorgan Chase & Co. reduced their price objective on shares of Air Products & Chemicals from $172.00 to $170.00 and set an “overweight” rating on the stock in a research note on Friday, July 27th. Credit Suisse Group upped their price objective on shares of Air Products & Chemicals from $182.00 to $188.00 and gave the company a “buy” rating in a research note on Friday, July 27th. BMO Capital Markets reissued a “buy” rating and set a $197.00 price objective (up previously from $195.00) on shares of Air Products & Chemicals in a research note on Friday, July 27th. Zacks Investment Research raised shares of Air Products & Chemicals from a “sell” rating to a “hold” rating and set a $181.00 price objective on the stock in a research note on Monday, July 30th. Finally, Susquehanna Bancshares upped their price objective on shares of Air Products & Chemicals from $200.00 to $215.00 and gave the company a “positive” rating in a research note on Wednesday, August 1st. Fifteen investment analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus target price of $190.08.

In related news, Chairman Seifi Ghasemi purchased 20,000 shares of the business’s stock in a transaction on Monday, November 12th. The shares were bought at an average price of $160.11 per share, with a total value of $3,202,200.00. Following the completion of the purchase, the chairman now directly owns 408,652 shares in the company, valued at approximately $65,429,271.72. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.37% of the company’s stock.

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Air Products & Chemicals 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.

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

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