Advisor Partners LLC boosted its position in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 1.9% in the first quarter, Holdings Channel reports. The fund owned 7,757 shares of the basic materials company’s stock after purchasing an additional 147 shares during the quarter. Advisor Partners LLC’s holdings in Air Products & Chemicals were worth $1,481,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. LPL Financial LLC increased its stake in Air Products & Chemicals by 12.0% during the 3rd quarter. LPL Financial LLC now owns 16,193 shares of the basic materials company’s stock valued at $2,705,000 after purchasing an additional 1,738 shares in the last quarter. Kentucky Retirement Systems acquired a new position in Air Products & Chemicals during the 3rd quarter valued at approximately $1,950,000. TIAA CREF Investment Management LLC increased its stake in Air Products & Chemicals by 1.7% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 678,846 shares of the basic materials company’s stock valued at $113,401,000 after purchasing an additional 11,632 shares in the last quarter. Beaton Management Co. Inc. acquired a new position in Air Products & Chemicals during the 3rd quarter valued at approximately $207,000. Finally, Griffin Asset Management Inc. acquired a new position in Air Products & Chemicals during the 3rd quarter valued at approximately $330,000. 87.52% of the stock is owned by institutional investors.

A number of analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Air Products & Chemicals from a “hold” rating to a “sell” rating in a research note on Tuesday. Credit Suisse Group increased their price objective on shares of Air Products & Chemicals from $200.00 to $222.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. KeyCorp increased their price objective on shares of Air Products & Chemicals from $195.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. BMO Capital Markets increased their price objective on shares of Air Products & Chemicals from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. Finally, Bank of America lowered shares of Air Products & Chemicals from a “neutral” rating to an “underperform” rating and set a $170.00 price objective on the stock. in a research note on Tuesday, January 8th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. Air Products & Chemicals has a consensus rating of “Buy” and a consensus price target of $196.40.

APD stock traded up $0.05 during midday trading on Tuesday, hitting $196.67. 992,051 shares of the stock traded hands, compared to its average volume of 1,142,036. The firm has a market cap of $43.00 billion, a PE ratio of 26.40, a P/E/G ratio of 1.86 and a beta of 0.82. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.03 and a current ratio of 2.21. Air Products & Chemicals, Inc. has a 1-year low of $148.44 and a 1-year high of $198.66.

Air Products & Chemicals (NYSE:APD) last released its quarterly earnings results on Friday, January 25th. The basic materials company reported $1.86 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.87 by ($0.01). The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.27 billion. Air Products & Chemicals had a net margin of 18.92% and a return on equity of 15.13%. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.79 EPS. Research analysts predict that Air Products & Chemicals, Inc. will post 8.18 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Monday, April 1st will be given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 2.36%. The ex-dividend date is Friday, March 29th. This is a positive change from Air Products & Chemicals’s previous quarterly dividend of $1.10. Air Products & Chemicals’s dividend payout ratio (DPR) is currently 62.28%.

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Air Products & Chemicals 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, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

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

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