OMERS ADMINISTRATION Corp bought a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,783 shares of the basic materials company’s stock, valued at approximately $1,400,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Air Products and Chemicals by 5.5% in the first quarter. Vanguard Group Inc. now owns 16,888,770 shares of the basic materials company’s stock valued at $2,284,882,000 after buying an additional 887,369 shares in the last quarter. BlackRock Inc. raised its position in Air Products and Chemicals by 1,973.1% in the first quarter. BlackRock Inc. now owns 14,149,340 shares of the basic materials company’s stock valued at $1,914,263,000 after buying an additional 13,466,808 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in Air Products and Chemicals by 6.8% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,651,446 shares of the basic materials company’s stock valued at $1,305,744,000 after buying an additional 611,672 shares in the last quarter. Principal Financial Group Inc. raised its position in Air Products and Chemicals by 3.7% in the first quarter. Principal Financial Group Inc. now owns 3,121,508 shares of the basic materials company’s stock valued at $422,309,000 after buying an additional 110,064 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Air Products and Chemicals by 57.2% in the second quarter. American Century Companies Inc. now owns 2,125,659 shares of the basic materials company’s stock valued at $304,097,000 after buying an additional 773,446 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

Air Products and Chemicals, Inc. (NYSE:APD) opened at 145.65 on Friday. Air Products and Chemicals, Inc. has a one year low of $129.00 and a one year high of $150.45. The company has a market capitalization of $31.75 billion, a price-to-earnings ratio of 10.94 and a beta of 1.25. The firm’s 50-day moving average price is $145.71 and its 200 day moving average price is $142.38.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Tuesday, August 1st. The basic materials company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.06. Air Products and Chemicals had a net margin of 34.63% and a return on equity of 17.23%. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the previous year, the firm posted $1.92 EPS. The firm’s revenue was up 10.8% on a year-over-year basis. On average, equities research analysts expect that Air Products and Chemicals, Inc. will post $6.23 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Tuesday, October 10th will be given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Friday, October 6th. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 28.51%.

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APD has been the subject of several recent analyst reports. Credit Suisse Group reaffirmed an “outperform” rating and issued a $158.00 target price (up from $153.00) on shares of Air Products and Chemicals in a report on Wednesday, August 2nd. Barclays PLC reaffirmed a “buy” rating and issued a $170.00 target price on shares of Air Products and Chemicals in a report on Friday, August 4th. BidaskClub lowered Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Vertical Research raised Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 target price for the company in a report on Monday, August 7th. Finally, Argus upped their target price on Air Products and Chemicals from $159.00 to $165.00 and gave the company a “buy” rating in a report on Monday, August 28th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. Air Products and Chemicals currently has an average rating of “Hold” and an average price target of $153.23.

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 is also a supplier of liquefied natural gas process technology and equipment.

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

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