Gamco Investors INC. ET AL lowered its position in Air Products & Chemicals, Inc. (NYSE:APD) by 2.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,618 shares of the basic materials company’s stock after selling 520 shares during the period. Gamco Investors INC. ET AL’s holdings in Air Products & Chemicals were worth $3,211,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in APD. FMR LLC lifted its position in Air Products & Chemicals by 52.8% in the second quarter. FMR LLC now owns 4,457,144 shares of the basic materials company’s stock valued at $694,111,000 after purchasing an additional 1,540,875 shares during the period. Ceredex Value Advisors LLC acquired a new stake in Air Products & Chemicals in the first quarter valued at about $108,911,000. BlackRock Inc. lifted its position in Air Products & Chemicals by 3.1% in the first quarter. BlackRock Inc. now owns 18,097,057 shares of the basic materials company’s stock valued at $2,877,973,000 after purchasing an additional 552,393 shares during the period. Rothschild Asset Management Inc. acquired a new stake in Air Products & Chemicals in the first quarter valued at about $56,392,000. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Air Products & Chemicals by 326.6% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 457,066 shares of the basic materials company’s stock valued at $71,221,000 after acquiring an additional 349,926 shares during the period. Hedge funds and other institutional investors own 86.08% of the company’s stock.

APD stock opened at $164.34 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.40 and a quick ratio of 2.24. Air Products & Chemicals, Inc. has a 12-month low of $143.79 and a 12-month high of $175.17. The company has a market cap of $36.46 billion, a PE ratio of 23.06, a P/E/G ratio of 1.38 and a beta of 1.06.

Air Products & Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, July 26th. The basic materials company reported $1.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.84 by $0.11. Air Products & Chemicals had a return on equity of 15.15% and a net margin of 17.13%. The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the previous year, the firm posted $1.65 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. analysts forecast that Air Products & Chemicals, Inc. will post 7.45 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 12th. Investors of record on Monday, October 1st will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, September 28th. This represents a $4.40 annualized dividend and a dividend yield of 2.68%. Air Products & Chemicals’s dividend payout ratio is currently 69.73%.

A number of equities research analysts have recently issued reports on the stock. Vertical Research upgraded shares of Air Products & Chemicals from a “hold” rating to a “buy” rating in a research report on Wednesday, August 29th. Susquehanna Bancshares lifted their price target on shares of Air Products & Chemicals from $200.00 to $215.00 and gave the company a “positive” rating in a research report on Wednesday, August 1st. ValuEngine downgraded shares of Air Products & Chemicals from a “buy” rating to a “hold” rating in a research report on Tuesday, June 5th. BMO Capital Markets lifted their price target on shares of Air Products & Chemicals from $197.00 to $202.00 and gave the company an “outperform” rating in a research report on Tuesday, August 14th. Finally, Deutsche Bank lifted their price target on shares of Air Products & Chemicals from $190.00 to $192.00 and gave the company a “buy” rating in a research report on Tuesday, August 14th. Two investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Air Products & Chemicals presently has a consensus rating of “Buy” and a consensus price target of $183.47.

About Air Products & Chemicals

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, electronics and performance materials, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including metals, glass, chemical processing, electronics, energy production and refining, food processing, metallurgical, medical, and general manufacturing.

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

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