KCM Investment Advisors LLC lifted its holdings in Air Products & Chemicals, Inc. (NYSE:APD) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,036 shares of the basic materials company’s stock after buying an additional 257 shares during the period. KCM Investment Advisors LLC’s holdings in Air Products & Chemicals were worth $12,463,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of APD. Brinker Capital Inc. acquired a new stake in shares of Air Products & Chemicals in the fourth quarter worth $294,000. Intact Investment Management Inc. increased its position in shares of Air Products & Chemicals by 11.1% during the fourth quarter. Intact Investment Management Inc. now owns 15,000 shares of the basic materials company’s stock valued at $3,525,000 after acquiring an additional 1,500 shares during the last quarter. Belpointe Asset Management LLC increased its position in shares of Air Products & Chemicals by 9.5% during the fourth quarter. Belpointe Asset Management LLC now owns 7,605 shares of the basic materials company’s stock valued at $1,787,000 after acquiring an additional 661 shares during the last quarter. GQ Asset Management LLC increased its position in shares of Air Products & Chemicals by 37.3% during the fourth quarter. GQ Asset Management LLC now owns 2,001 shares of the basic materials company’s stock valued at $470,000 after acquiring an additional 544 shares during the last quarter. Finally, Colony Group LLC increased its position in shares of Air Products & Chemicals by 23.4% during the fourth quarter. Colony Group LLC now owns 3,268 shares of the basic materials company’s stock valued at $768,000 after acquiring an additional 619 shares during the last quarter. Hedge funds and other institutional investors own 83.73% of the company’s stock.

A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Air Products & Chemicals from a “buy” rating to a “hold” rating and set a $243.00 price objective for the company. in a research report on Friday, January 3rd. Deutsche Bank upped their target price on shares of Air Products & Chemicals from $260.00 to $270.00 and gave the company a “buy” rating in a report on Monday, January 27th. HSBC upgraded shares of Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $235.00 target price on the stock in a report on Friday, March 13th. Argus restated a “buy” rating and issued a $234.00 target price (down from $276.00) on shares of Air Products & Chemicals in a report on Wednesday. Finally, Wells Fargo & Co upgraded shares of Air Products & Chemicals from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $260.00 to $265.00 in a report on Wednesday, March 11th. Nine investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $247.26.

In other news, Director Edward L. Monser bought 200 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were purchased at an average cost of $237.60 per share, with a total value of $47,520.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.35% of the stock is owned by insiders.

NYSE APD traded up $7.15 during mid-day trading on Thursday, hitting $198.30. The company’s stock had a trading volume of 457,816 shares, compared to its average volume of 1,928,467. Air Products & Chemicals, Inc. has a 52-week low of $167.43 and a 52-week high of $257.01. The stock’s fifty day simple moving average is $228.69 and its two-hundred day simple moving average is $227.77. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.59 and a quick ratio of 2.37. The firm has a market capitalization of $42.90 billion, a P/E ratio of 23.30, a price-to-earnings-growth ratio of 2.02 and a beta of 0.87.

Air Products & Chemicals (NYSE:APD) last issued its quarterly earnings data on Friday, January 24th. The basic materials company reported $2.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.08 by $0.06. The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.29 billion. Air Products & Chemicals had a net margin of 21.10% and a return on equity of 16.20%. Air Products & Chemicals’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the company earned $1.86 earnings per share. On average, equities analysts forecast that Air Products & Chemicals, Inc. will post 9.36 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Wednesday, April 1st will be paid a dividend of $1.34 per share. This is a boost from Air Products & Chemicals’s previous quarterly dividend of $1.16. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Tuesday, March 31st. Air Products & Chemicals’s payout ratio is currently 56.52%.

Air Products & Chemicals Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, 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 refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

Recommended Story: What is the definition of a trade war?

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

Receive News & Ratings for Air Products & Chemicals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Products & Chemicals and related companies with MarketBeat.com's FREE daily email newsletter.