Pillar Pacific Capital Management LLC reduced its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 1.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,495 shares of the basic materials company’s stock after selling 505 shares during the quarter. Pillar Pacific Capital Management LLC’s holdings in Air Products and Chemicals were worth $4,158,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of APD. Waldron LP acquired a new stake in shares of Air Products and Chemicals in the 1st quarter valued at approximately $263,000. Wellington Management Group LLP lifted its holdings in shares of Air Products and Chemicals by 5.9% in the 1st quarter. Wellington Management Group LLP now owns 10,074 shares of the basic materials company’s stock valued at $1,363,000 after buying an additional 563 shares during the period. QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in shares of Air Products and Chemicals in the 1st quarter valued at approximately $298,000. Legal & General Group Plc lifted its holdings in shares of Air Products and Chemicals by 4.4% in the 1st quarter. Legal & General Group Plc now owns 1,017,659 shares of the basic materials company’s stock valued at $137,681,000 after buying an additional 43,233 shares during the period. Finally, TCW Group Inc. lifted its holdings in shares of Air Products and Chemicals by 23.1% in the 1st quarter. TCW Group Inc. now owns 526,206 shares of the basic materials company’s stock valued at $71,190,000 after buying an additional 98,678 shares during the period. 87.30% of the stock is owned by institutional investors and hedge funds.

APD has been the subject of several research reports. KeyCorp reaffirmed a “buy” rating and set a $161.00 price objective on shares of Air Products and Chemicals in a report on Friday, September 8th. UBS AG lifted their price objective 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 reaffirmed a “hold” rating and set a $148.00 price objective (up from $146.00) on shares of Air Products and Chemicals in a report on Tuesday, September 12th. Deutsche Bank AG lifted their price objective 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 objective 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 analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $162.33.

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

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Air Products and Chemicals Company 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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