Tokio Marine Asset Management Co. Ltd. Acquires 473 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Tokio Marine Asset Management Co. Ltd. raised its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 5.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,874 shares of the basic materials company’s stock after buying an additional 473 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Air Products and Chemicals were worth $2,912,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Parvin Asset Management LLC bought a new position in shares of Air Products and Chemicals during the fourth quarter worth approximately $715,000. Ritholtz Wealth Management increased its stake in shares of Air Products and Chemicals by 20.9% during the first quarter. Ritholtz Wealth Management now owns 1,603 shares of the basic materials company’s stock worth $473,000 after purchasing an additional 277 shares during the period. Mantle Ridge LP bought a new position in shares of Air Products and Chemicals during the fourth quarter worth approximately $1,191,344,000. GAMMA Investing LLC increased its stake in shares of Air Products and Chemicals by 8.0% during the first quarter. GAMMA Investing LLC now owns 4,238 shares of the basic materials company’s stock worth $1,250,000 after purchasing an additional 314 shares during the period. Finally, Capital International Investors bought a new position in shares of Air Products and Chemicals during the fourth quarter worth approximately $436,636,000. Institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Mizuho increased their target price on Air Products and Chemicals from $310.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. Royal Bank Of Canada assumed coverage on Air Products and Chemicals in a research note on Friday, June 13th. They set an “outperform” rating and a $355.00 target price on the stock. Citigroup increased their target price on Air Products and Chemicals from $310.00 to $320.00 and gave the stock a “buy” rating in a research note on Monday, June 30th. UBS Group increased their target price on Air Products and Chemicals from $328.00 to $344.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Finally, Wells Fargo & Company increased their target price on Air Products and Chemicals from $320.00 to $345.00 and gave the stock an “overweight” rating in a research note on Monday, July 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $335.07.

Insider Buying and Selling at Air Products and Chemicals

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of the firm’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $292.38, for a total value of $397,344.42. Following the sale, the vice president owned 8,686 shares of the company’s stock, valued at approximately $2,539,612.68. This trade represents a 13.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.41% of the company’s stock.

Air Products and Chemicals Trading Up 1.7%

Shares of APD stock opened at $294.23 on Thursday. The stock’s fifty day moving average price is $287.09 and its two-hundred day moving average price is $288.89. The company has a market cap of $65.48 billion, a PE ratio of 42.34, a P/E/G ratio of 6.46 and a beta of 0.81. Air Products and Chemicals, Inc. has a fifty-two week low of $243.69 and a fifty-two week high of $341.14. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.29.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $0.10. The firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.95 billion. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.20 EPS. Equities analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Air Products and Chemicals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Wednesday, October 1st will be issued a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, October 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 103.02%.

About Air Products and Chemicals

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.