King Luther Capital Management Corp raised its holdings in Air Products & Chemicals, Inc. (NYSE:APD) by 8.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 324,817 shares of the basic materials company’s stock after acquiring an additional 25,419 shares during the quarter. King Luther Capital Management Corp owned approximately 0.15% of Air Products & Chemicals worth $54,261,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Braun Bostich & Associates Inc. increased its position in shares of Air Products & Chemicals by 542.6% during the second quarter. Braun Bostich & Associates Inc. now owns 739 shares of the basic materials company’s stock worth $115,000 after buying an additional 624 shares during the period. Honkamp Krueger Financial Services Inc. acquired a new stake in shares of Air Products & Chemicals during the third quarter worth $116,000. NuWave Investment Management LLC increased its position in shares of Air Products & Chemicals by 8,770.0% during the third quarter. NuWave Investment Management LLC now owns 887 shares of the basic materials company’s stock worth $148,000 after buying an additional 877 shares during the period. Private Capital Group LLC increased its position in shares of Air Products & Chemicals by 52.6% during the second quarter. Private Capital Group LLC now owns 1,245 shares of the basic materials company’s stock worth $195,000 after buying an additional 429 shares during the period. Finally, Douglass Winthrop Advisors LLC acquired a new stake in shares of Air Products & Chemicals during the third quarter worth $200,000. Hedge funds and other institutional investors own 86.29% of the company’s stock.

NYSE:APD opened at $163.92 on Wednesday. The company has a quick ratio of 2.00, a current ratio of 2.17 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $35.32 billion, a price-to-earnings ratio of 22.00, a P/E/G ratio of 1.72 and a beta of 1.10. Air Products & Chemicals, Inc. has a 12 month low of $148.44 and a 12 month high of $175.17.

Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings results on Tuesday, November 6th. The basic materials company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.01. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Air Products & Chemicals had a net margin of 16.77% and a return on equity of 15.30%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the company posted $1.76 earnings per share. As a group, research analysts anticipate that Air Products & Chemicals, Inc. will post 8.19 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, February 11th. Shareholders of record on Wednesday, January 2nd will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date is Monday, December 31st. Air Products & Chemicals’s payout ratio is 59.06%.

APD has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Air Products & Chemicals from a “buy” rating to a “hold” rating in a research report on Monday, October 1st. ValuEngine upgraded shares of Air Products & Chemicals from a “hold” rating to a “buy” rating in a research report on Thursday, October 4th. BNP Paribas initiated coverage on shares of Air Products & Chemicals in a research report on Tuesday, October 2nd. They set an “outperform” rating for the company. Vertical Research upgraded shares of Air Products & Chemicals from a “hold” rating to a “buy” rating in a research report on Wednesday, August 29th. Finally, Citigroup decreased their price objective on shares of Air Products & Chemicals from $200.00 to $181.00 and set a “buy” rating for the company in a research report on Tuesday, November 13th. Fifteen analysts have rated the stock with a buy rating, Air Products & Chemicals has an average rating of “Buy” and an average price target of $190.08.

In related news, Chairman Seifi Ghasemi purchased 20,000 shares of Air Products & Chemicals stock in a transaction on Monday, November 12th. The stock was acquired at an average cost of $160.11 per share, for a total transaction of $3,202,200.00. Following the completion of the acquisition, the chairman now owns 408,652 shares of the company’s stock, valued at approximately $65,429,271.72. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.37% of the company’s stock.

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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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