Willis Investment Counsel increased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 189.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 107,700 shares of the basic materials company’s stock after purchasing an additional 70,500 shares during the quarter. Willis Investment Counsel’s holdings in Air Products and Chemicals were worth $15,408,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Air Products and Chemicals by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 17,493,224 shares of the basic materials company’s stock worth $2,502,580,000 after purchasing an additional 604,454 shares during the last quarter. BlackRock Inc. increased its position in shares of Air Products and Chemicals by 8.0% during the 2nd quarter. BlackRock Inc. now owns 15,281,219 shares of the basic materials company’s stock worth $2,186,132,000 after purchasing an additional 1,131,879 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Air Products and Chemicals by 6.8% during the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,651,446 shares of the basic materials company’s stock worth $1,305,744,000 after purchasing an additional 611,672 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Air Products and Chemicals by 13.4% during the 2nd quarter. Principal Financial Group Inc. now owns 3,541,101 shares of the basic materials company’s stock worth $506,589,000 after purchasing an additional 419,593 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Air Products and Chemicals by 57.2% during the 2nd quarter. American Century Companies Inc. now owns 2,125,659 shares of the basic materials company’s stock worth $304,097,000 after purchasing an additional 773,446 shares during the last quarter. 87.86% of the stock is owned by hedge funds and other institutional investors.

APD has been the subject of a number of recent analyst reports. Credit Suisse Group reissued an “outperform” rating and set a $158.00 price objective (up from $153.00) on shares of Air Products and Chemicals in a research report on Wednesday, August 2nd. Barclays PLC reissued a “buy” rating and set a $170.00 price objective on shares of Air Products and Chemicals in a research report on Friday, August 4th. BidaskClub downgraded Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. UBS AG raised Air Products and Chemicals from a “neutral” rating to a “positive” rating in a research report on Wednesday, September 13th. Finally, Vertical Research raised Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 price objective for the company in a research report on Monday, August 7th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $155.33.

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Air Products and Chemicals, Inc. (NYSE APD) traded down 0.23% during trading on Friday, reaching $150.71. The company’s stock had a trading volume of 363,670 shares. Air Products and Chemicals, Inc. has a 1-year low of $129.00 and a 1-year high of $151.42. The company’s 50-day moving average is $146.74 and its 200-day moving average is $142.94. The company has a market capitalization of $32.85 billion, a P/E ratio of 11.32 and a beta of 1.25.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data 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. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.06 billion. Air Products and Chemicals had a return on equity of 17.23% and a net margin of 34.63%. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the business posted $1.92 EPS. Equities analysts anticipate that Air Products and Chemicals, Inc. will post $6.23 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Tuesday, October 10th will be paid a $0.95 dividend. The ex-dividend date is Friday, October 6th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.52%. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 28.51%.

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.

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

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