Redpoint Investment Management Pty Ltd grew its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,860 shares of the basic materials company’s stock after purchasing an additional 97 shares during the quarter. Redpoint Investment Management Pty Ltd’s holdings in Air Products and Chemicals were worth $1,601,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. First American Bank increased its stake in shares of Air Products and Chemicals by 1.4% in the 4th quarter. First American Bank now owns 28,965 shares of the basic materials company’s stock valued at $7,914,000 after acquiring an additional 395 shares in the last quarter. KCM Investment Advisors LLC increased its stake in shares of Air Products and Chemicals by 3.6% in the 3rd quarter. KCM Investment Advisors LLC now owns 56,091 shares of the basic materials company’s stock valued at $16,707,000 after acquiring an additional 1,928 shares in the last quarter. Rehmann Capital Advisory Group bought a new stake in Air Products and Chemicals during the 3rd quarter valued at $263,000. Mercer Global Advisors Inc. ADV increased its stake in Air Products and Chemicals by 22.9% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 11,435 shares of the basic materials company’s stock valued at $3,406,000 after purchasing an additional 2,127 shares in the last quarter. Finally, Bank of Hawaii increased its stake in Air Products and Chemicals by 16.5% during the 3rd quarter. Bank of Hawaii now owns 3,503 shares of the basic materials company’s stock valued at $1,043,000 after purchasing an additional 495 shares in the last quarter. Institutional investors own 82.75% of the company’s stock.

APD has been the topic of a number of analyst reports. Jefferies Financial Group downgraded shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $307.00 to $324.00 in a report on Thursday, January 7th. JPMorgan Chase & Co. cut Air Products and Chemicals from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $310.00 to $280.00 in a research note on Thursday, November 12th. UBS Group upgraded Air Products and Chemicals from a “neutral” rating to a “buy” rating and upped their price target for the company from $308.00 to $310.00 in a research report on Tuesday, December 15th. Morgan Stanley cut their target price on Air Products and Chemicals from $325.00 to $300.00 and set an “overweight” rating for the company in a research note on Monday, November 16th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Air Products and Chemicals from $325.00 to $315.00 and set a “buy” rating for the company in a research note on Wednesday, December 2nd. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Air Products and Chemicals currently has a consensus rating of “Buy” and an average target price of $295.20.

NYSE:APD opened at $290.67 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.59 and a quick ratio of 3.43. The firm has a 50-day moving average of $273.56 and a two-hundred day moving average of $283.37. The stock has a market cap of $64.25 billion, a P/E ratio of 34.24, a PEG ratio of 3.61 and a beta of 0.76. Air Products and Chemicals, Inc. has a 1-year low of $167.43 and a 1-year high of $327.89.

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

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

Air Products and Chemicals Company 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, 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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