Colonial Trust Advisors lifted its holdings in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 16.1% in the fourth quarter, HoldingsChannel reports. The fund owned 61,835 shares of the basic materials company’s stock after purchasing an additional 8,579 shares during the period. Air Products & Chemicals comprises approximately 1.6% of Colonial Trust Advisors’ portfolio, making the stock its 20th largest holding. Colonial Trust Advisors’ holdings in Air Products & Chemicals were worth $10,146,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in APD. BlackRock Inc. raised its holdings in shares of Air Products & Chemicals by 5.8% during the fourth quarter. BlackRock Inc. now owns 17,544,664 shares of the basic materials company’s stock valued at $2,878,729,000 after acquiring an additional 964,497 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of Air Products & Chemicals by 239.8% during the third quarter. Prudential Financial Inc. now owns 1,071,131 shares of the basic materials company’s stock valued at $161,977,000 after acquiring an additional 755,930 shares in the last quarter. Luminus Management LLC raised its holdings in shares of Air Products & Chemicals by 67.4% during the fourth quarter. Luminus Management LLC now owns 1,077,723 shares of the basic materials company’s stock valued at $176,832,000 after acquiring an additional 433,873 shares in the last quarter. State of Tennessee Treasury Department raised its holdings in shares of Air Products & Chemicals by 589.8% during the fourth quarter. State of Tennessee Treasury Department now owns 408,684 shares of the basic materials company’s stock valued at $67,056,000 after acquiring an additional 349,440 shares in the last quarter. Finally, Virtus Fund Advisers LLC raised its holdings in shares of Air Products & Chemicals by 84.1% during the fourth quarter. Virtus Fund Advisers LLC now owns 619,941 shares of the basic materials company’s stock valued at $102,305,000 after acquiring an additional 283,241 shares in the last quarter. Institutional investors own 87.66% of the company’s stock.

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APD has been the subject of a number of recent analyst reports. Citigroup upped their target price on Air Products & Chemicals from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Seaport Global Securities restated a “buy” rating and set a $185.00 target price on shares of Air Products & Chemicals in a report on Monday, January 29th. Jefferies Group restated a “buy” rating and set a $195.00 target price on shares of Air Products & Chemicals in a report on Monday, January 29th. Credit Suisse Group set a $181.00 price objective on Air Products & Chemicals and gave the stock a “buy” rating in a report on Monday, January 29th. Finally, Monness Crespi & Hardt increased their price objective on Air Products & Chemicals from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, January 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $179.19.

Air Products & Chemicals stock opened at $166.24 on Thursday. The company has a quick ratio of 2.73, a current ratio of 2.92 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $36,269.48, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 1.39 and a beta of 1.22. Air Products & Chemicals, Inc. has a twelve month low of $133.63 and a twelve month high of $175.17.

Air Products & Chemicals (NYSE:APD) last released its earnings results on Friday, January 26th. The basic materials company reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.13. Air Products & Chemicals had a return on equity of 14.80% and a net margin of 33.51%. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the prior year, the firm posted $1.47 earnings per share. The company’s quarterly revenue was up 17.7% on a year-over-year basis. equities analysts forecast that Air Products & Chemicals, Inc. will post 7.32 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, May 14th. Stockholders of record on Monday, April 2nd will be paid a $1.10 dividend. This is a boost from Air Products & Chemicals’s previous quarterly dividend of $0.95. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Thursday, March 29th. Air Products & Chemicals’s dividend payout ratio is currently 29.25%.

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Air Products & 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.

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

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