Piedmont Investment Advisors LLC increased its position in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 16.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,233 shares of the basic materials company’s stock after buying an additional 7,522 shares during the period. Piedmont Investment Advisors LLC’s holdings in Air Products & Chemicals were worth $8,050,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. MAI Capital Management increased its stake in Air Products & Chemicals by 0.5% during the 2nd quarter. MAI Capital Management now owns 1,919 shares of the basic materials company’s stock worth $275,000 after buying an additional 9 shares during the period. Hudock Capital Group LLC increased its stake in Air Products & Chemicals by 0.5% during the 2nd quarter. Hudock Capital Group LLC now owns 2,049 shares of the basic materials company’s stock worth $293,000 after buying an additional 11 shares during the period. Davis Selected Advisers increased its stake in Air Products & Chemicals by 0.6% during the 2nd quarter. Davis Selected Advisers now owns 1,860 shares of the basic materials company’s stock worth $266,000 after buying an additional 12 shares during the period. MV Capital Management Inc. increased its stake in Air Products & Chemicals by 1.3% during the 2nd quarter. MV Capital Management Inc. now owns 1,650 shares of the basic materials company’s stock worth $236,000 after buying an additional 21 shares during the period. Finally, Sigma Planning Corp increased its stake in Air Products & Chemicals by 0.9% during the 2nd quarter. Sigma Planning Corp now owns 2,625 shares of the basic materials company’s stock worth $376,000 after buying an additional 23 shares during the period. 88.17% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Air Products & Chemicals, Inc. (NYSE APD) opened at $162.49 on Thursday. The firm has a market cap of $35,610.75, a PE ratio of 25.82, a PEG ratio of 1.65 and a beta of 1.24. Air Products & Chemicals, Inc. has a 1 year low of $133.63 and a 1 year high of $164.65. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.36 and a quick ratio of 2.23.

Air Products & Chemicals (NYSE:APD) last released its earnings results on Thursday, October 26th. The basic materials company reported $1.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.08. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.12 billion. Air Products & Chemicals had a net margin of 36.65% and a return on equity of 15.25%. The company’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.01 EPS. equities research analysts forecast that Air Products & Chemicals, Inc. will post 7 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Tuesday, January 2nd will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Friday, December 29th. Air Products & Chemicals’s dividend payout ratio (DPR) is presently 27.82%.

Several equities research analysts recently issued reports on APD shares. KeyCorp reaffirmed a “buy” rating and set a $161.00 price target on shares of Air Products & Chemicals in a research note on Friday, September 8th. Argus lifted their price target on shares of Air Products & Chemicals from $159.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, August 28th. UBS boosted their target price on shares of Air Products & Chemicals from $162.00 to $172.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. SunTrust Banks reissued a “buy” rating and issued a $175.00 target price on shares of Air Products & Chemicals in a research report on Friday, October 27th. Finally, Citigroup boosted their target price on shares of Air Products & Chemicals from $172.30 to $185.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $166.80.

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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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