IFM Investors Pty Ltd raised its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 16.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,747 shares of the basic materials company’s stock after purchasing an additional 2,913 shares during the quarter. IFM Investors Pty Ltd’s holdings in Air Products and Chemicals were worth $5,668,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in Air Products and Chemicals by 2.9% during the 2nd quarter. Principal Financial Group Inc. now owns 1,512,394 shares of the basic materials company’s stock worth $365,183,000 after acquiring an additional 43,210 shares in the last quarter. Man Group plc grew its holdings in Air Products and Chemicals by 899.6% during the 2nd quarter. Man Group plc now owns 14,055 shares of the basic materials company’s stock worth $3,394,000 after acquiring an additional 12,649 shares in the last quarter. Level Four Advisory Services LLC acquired a new position in shares of Air Products and Chemicals in the 2nd quarter valued at about $252,000. Advisors Capital Management LLC acquired a new position in shares of Air Products and Chemicals in the 2nd quarter valued at about $238,000. Finally, Orion Portfolio Solutions LLC boosted its holdings in shares of Air Products and Chemicals by 35.6% in the 2nd quarter. Orion Portfolio Solutions LLC now owns 995 shares of the basic materials company’s stock valued at $240,000 after buying an additional 261 shares during the period. Institutional investors own 82.75% of the company’s stock.

APD stock opened at $290.67 on Thursday. Air Products and Chemicals, Inc. has a 52 week low of $167.43 and a 52 week high of $327.89. The company has a market capitalization of $64.25 billion, a price-to-earnings ratio of 34.24, a price-to-earnings-growth ratio of 3.61 and a beta of 0.76. The firm’s 50-day moving average is $273.56 and its two-hundred day moving average is $283.37. The company has a current ratio of 3.59, a quick ratio of 3.43 and a debt-to-equity ratio of 0.60.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Monday, November 16th. The basic materials company reported $2.19 EPS for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.02). Air Products and Chemicals had a return on equity of 15.48% and a net margin of 21.30%. The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter last year, the firm posted $2.27 earnings per share. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, equities research analysts predict that Air Products and Chemicals, Inc. will post 9.28 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, February 8th. Stockholders of record on Monday, January 4th will be issued a dividend of $1.34 per share. The ex-dividend date is Thursday, December 31st. This represents a $5.36 dividend on an annualized basis and a dividend yield of 1.84%. Air Products and Chemicals’s dividend payout ratio is currently 63.96%.

APD has been the subject of several research reports. BMO Capital Markets decreased their price target on shares of Air Products and Chemicals from $364.00 to $340.00 and set an “outperform” rating for the company in a report on Thursday, November 12th. Credit Suisse Group decreased their price target on shares of Air Products and Chemicals from $317.00 to $305.00 and set an “outperform” rating for the company in a report on Thursday, November 12th. Morgan Stanley decreased their price target on shares of Air Products and Chemicals from $325.00 to $300.00 and set an “overweight” rating for the company in a report on Monday, November 16th. Zacks Investment Research raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $297.00 price target for the company in a report on Wednesday. Finally, BidaskClub raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Tuesday, January 5th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Air Products and Chemicals presently has an average rating of “Buy” and an average price target of $295.20.

About Air Products and Chemicals

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, manufacturing, food and beverage, electronics, magnetic resonance imaging, energy production and refining, and metals.

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

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