UBS Asset Management Americas Inc. increased its stake in shares of Air Products and Chemicals Inc. (NYSE:APD) by 2.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 534,253 shares of the company’s stock after buying an additional 12,951 shares during the period. UBS Asset Management Americas Inc.’s holdings in Air Products and Chemicals were worth $80,319,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. LPL Financial LLC boosted its position in shares of Air Products and Chemicals by 14.0% in the first quarter. LPL Financial LLC now owns 10,431 shares of the company’s stock valued at $1,488,000 after buying an additional 1,277 shares during the period. Euclid Advisors LLC bought a new position in shares of Air Products and Chemicals during the first quarter valued at $1,017,000. Stock Yards Bank & Trust Co. boosted its position in shares of Air Products and Chemicals by 4.6% in the second quarter. Stock Yards Bank & Trust Co. now owns 4,568 shares of the company’s stock valued at $649,000 after buying an additional 200 shares during the period. New England Research & Management Inc. boosted its position in shares of Air Products and Chemicals by 12.8% in the second quarter. New England Research & Management Inc. now owns 4,625 shares of the company’s stock valued at $657,000 after buying an additional 525 shares during the period. Finally, Cullinan Associates Inc. boosted its position in shares of Air Products and Chemicals by 5.7% in the second quarter. Cullinan Associates Inc. now owns 7,400 shares of the company’s stock valued at $1,051,000 after buying an additional 400 shares during the period. Institutional investors own 84.89% of the company’s stock.

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

Air Products and Chemicals Inc. (NYSE:APD) opened at 143.47 on Wednesday. The company has a market cap of $31.19 billion, a price-to-earnings ratio of 49.64 and a beta of 1.24. Air Products and Chemicals Inc. has a 52-week low of $106.05 and a 52-week high of $146.01. The firm’s 50-day moving average price is $135.80 and its 200-day moving average price is $136.32.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, October 27th. The company reported $2.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.98 by $0.03. Air Products and Chemicals had a return on equity of 22.74% and a net margin of 6.63%. The business earned $2.46 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same quarter in the prior year, the business posted $1.82 EPS. Air Products and Chemicals’s revenue for the quarter was up .6% compared to the same quarter last year. On average, equities analysts anticipate that Air Products and Chemicals Inc. will post $6.39 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 13th. Shareholders of record on Tuesday, January 3rd will be paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 2.40%. Air Products and Chemicals’s payout ratio is presently 119.03%.

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APD has been the subject of several recent research reports. Zacks Investment Research cut Air Products and Chemicals from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. JPMorgan Chase & Co. upgraded Air Products and Chemicals from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $140.00 to $160.00 in a research report on Friday, August 12th. Credit Suisse Group AG set a $163.00 target price on Air Products and Chemicals and gave the stock a “buy” rating in a research report on Monday, September 12th. Atlantic Securities upgraded Air Products and Chemicals from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $125.00 to $135.00 in a research report on Friday, September 30th. Finally, Argus upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $159.00 target price for the company in a research report on Monday, November 21st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $150.33.

About Air Products and Chemicals

Air Products and Chemicals, Inc is an industrial gases company. The Company’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. The Company operates through seven segments: Industrial Gases-Americas, Industrial Gases-Europe, Middle East, and Africa (EMEA), Industrial Gases-Asia, Industrial Gases-Global, Materials Technologies, Energy-from-Waste, and Corporate and other.

5 Day Chart for NYSE:APD

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