New York State Teachers Retirement System trimmed its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 322,777 shares of the basic materials company’s stock after selling 3,886 shares during the period. New York State Teachers Retirement System owned 0.15% of Air Products and Chemicals worth $48,810,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in APD. BlackRock Inc. lifted its position in shares of 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 during the last quarter. Janus Henderson Group PLC lifted its position in shares of Air Products and Chemicals by 8,260.1% in the second quarter. Janus Henderson Group PLC now owns 2,720,195 shares of the basic materials company’s stock valued at $389,152,000 after buying an additional 2,687,657 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of 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 during the last quarter. American Century Companies Inc. lifted its position in shares of 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 during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in 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. 87.30% of the stock is owned by institutional investors.

APD has been the subject of several research reports. KeyCorp reissued a “buy” rating and set a $161.00 price target on shares of Air Products and Chemicals in a report on Friday, September 8th. 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 report on Friday, October 27th. Vertical Research reissued a “hold” rating and set a $148.00 price target (up from $146.00) on shares of Air Products and Chemicals in a report on Tuesday, September 12th. Deutsche Bank AG lifted their price target on Air Products and Chemicals from $160.00 to $168.00 and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Finally, Citigroup Inc. lifted their price target on Air Products and Chemicals from $172.30 to $185.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. Air Products and Chemicals presently has a consensus rating of “Hold” and an average target price of $162.33.

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Air Products and Chemicals (NYSE:APD) last posted its earnings results on Thursday, October 26th. The basic materials company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.08. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.12 billion. Air Products and Chemicals had a return on equity of 15.25% and a net margin of 36.65%. The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.01 earnings per share.

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.

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

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