Russell Investments Group Ltd. lifted its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 52.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 224,016 shares of the basic materials company’s stock after purchasing an additional 76,673 shares during the quarter. Russell Investments Group Ltd. owned about 0.10% of Air Products and Chemicals worth $33,874,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of APD. Clearbridge Investments LLC boosted its position in shares of Air Products and Chemicals by 17.0% in the 1st quarter. Clearbridge Investments LLC now owns 421,455 shares of the basic materials company’s stock worth $57,019,000 after purchasing an additional 61,230 shares in the last quarter. Cpcm LLC boosted its position in shares of Air Products and Chemicals by 1.5% in the 1st quarter. Cpcm LLC now owns 1,541 shares of the basic materials company’s stock worth $208,000 after purchasing an additional 23 shares in the last quarter. Park National Corp OH boosted its position in shares of Air Products and Chemicals by 4.2% in the 2nd quarter. Park National Corp OH now owns 91,415 shares of the basic materials company’s stock worth $13,077,000 after purchasing an additional 3,690 shares in the last quarter. McQueen Ball & Associates Inc. boosted its position in shares of Air Products and Chemicals by 0.3% in the 2nd quarter. McQueen Ball & Associates Inc. now owns 11,786 shares of the basic materials company’s stock worth $1,686,000 after purchasing an additional 30 shares in the last quarter. Finally, DnB Asset Management AS boosted its position in shares of Air Products and Chemicals by 0.8% in the 2nd quarter. DnB Asset Management AS now owns 23,852 shares of the basic materials company’s stock worth $3,412,000 after purchasing an additional 200 shares in the last quarter. 90.35% of the stock is owned by hedge funds and other institutional investors.

APD has been the subject of a number of research reports. Argus lifted their price target on Air Products and Chemicals from $159.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, August 28th. UBS AG lifted their price target on Air Products and Chemicals from $162.00 to $172.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Susquehanna Bancshares Inc raised Air Products and Chemicals from a “neutral” rating to a “positive” rating and lifted their price target for the stock from $165.00 to $175.00 in a research report on Thursday, September 14th. KeyCorp reaffirmed a “buy” rating and set a $161.00 price target on shares of Air Products and Chemicals in a research report on Friday, September 8th. Finally, raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a research report on Monday, November 13th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Air Products and Chemicals presently has a consensus rating of “Buy” and an average price target of $164.80.

Air Products and Chemicals, Inc. (NYSE APD) opened at $162.29 on Wednesday. The firm has a market capitalization of $35,480.00, a PE ratio of 25.60, a price-to-earnings-growth ratio of 1.90 and a beta of 1.24. Air Products and Chemicals, Inc. has a 52 week low of $133.63 and a 52 week high of $163.56. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.23 and a current ratio of 2.36.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Thursday, October 26th. The basic materials company reported $1.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.08. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.12 billion. Air Products and Chemicals had a return on equity of 15.25% and a net margin of 36.65%. The company’s revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted $2.01 EPS. equities research analysts expect that Air Products and Chemicals, Inc. will post 7 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Shareholders of record on Tuesday, January 2nd will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.34%. Air Products and Chemicals’s payout ratio is currently 73.64%.

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Air Products and Chemicals Profile

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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