Schroder Investment Management Group increased its stake in Air Products and Chemicals Inc. (NYSE:APD) by 115.5% during the second quarter, Holdings Channel reports. The institutional investor owned 40,551 shares of the company’s stock after buying an additional 21,737 shares during the period. Schroder Investment Management Group’s holdings in Air Products and Chemicals were worth $5,759,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. ING Groep NV increased its position in shares of Air Products and Chemicals by 1,521.7% in the first quarter. ING Groep NV now owns 4,904,458 shares of the company’s stock valued at $706,487,000 after buying an additional 4,602,032 shares during the last quarter. Orbis Allan Gray Ltd purchased a new stake in shares of Air Products and Chemicals during the first quarter valued at $198,943,000. Natixis increased its stake in shares of Air Products and Chemicals by 2,829.0% in the first quarter. Natixis now owns 960,396 shares of the company’s stock valued at $138,345,000 after buying an additional 927,607 shares during the last quarter. Norges Bank purchased a new stake in shares of Air Products and Chemicals during the fourth quarter valued at $58,589,000. Finally, Emerald Acquisition Ltd. purchased a new stake in shares of Air Products and Chemicals during the second quarter valued at $47,505,000. Hedge funds and other institutional investors own 88.59% of the company’s stock.

Shares of Air Products and Chemicals Inc. (NYSE:APD) traded up 0.71% during trading on Monday, reaching $146.84. 950,592 shares of the company’s stock were exchanged. Air Products and Chemicals Inc. has a 52 week low of $114.64 and a 52 week high of $157.84. The company’s 50-day moving average price is $152.39 and its 200 day moving average price is $145.39. The firm has a market capitalization of $31.80 billion, a PE ratio of 54.93 and a beta of 1.19.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.02. Air Products and Chemicals had a net margin of 6.12% and a return on equity of 22.00%. The business had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter last year, the company earned $1.65 EPS. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. Analysts predict that Air Products and Chemicals Inc. will post $7.51 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 14th. Investors of record on Monday, October 3rd will be issued a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.36%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 128.84%.

Several analysts have recently weighed in on the stock. Credit Suisse Group AG set a $163.00 target price on shares of Air Products and Chemicals and gave the company a “buy” rating in a report on Monday, September 12th. JPMorgan Chase & Co. raised shares of Air Products and Chemicals from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $140.00 to $160.00 in a report on Friday, August 12th. Zacks Investment Research downgraded shares of Air Products and Chemicals from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd. Jefferies Group reaffirmed a “hold” rating and issued a $155.00 target price on shares of Air Products and Chemicals in a report on Friday, July 29th. Finally, Citigroup Inc. lowered their target price on shares of Air Products and Chemicals from $157.00 to $156.00 and set a “neutral” rating on the stock in a report on Friday, July 29th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. Air Products and Chemicals currently has a consensus rating of “Hold” and a consensus target price of $152.79.

In related news, VP Guillermo Novo sold 2,447 shares of the stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $148.94, for a total value of $364,456.18. Following the completion of the transaction, the vice president now owns 12,805 shares in the company, valued at approximately $1,907,176.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John D. Stanley sold 17,247 shares of the stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $155.39, for a total transaction of $2,680,011.33. Following the completion of the transaction, the senior vice president now owns 36,129 shares of the company’s stock, valued at approximately $5,614,085.31. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by corporate insiders.

About Air Products and Chemicals

Air Products and Chemicals Inc is an industrial gases company, which offers atmospheric gases, process and specialty gases, electronics and performance materials, equipment and services. The Company’s segments include Industrial Gases–Americas; Industrial Gases – EMEA (Europe, Middle East, and Africa); 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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