Westpac Banking Corp decreased its holdings in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 10.6% in the fourth quarter, Holdings Channel reports. The firm owned 14,206 shares of the basic materials company’s stock after selling 1,693 shares during the quarter. Westpac Banking Corp’s holdings in Air Products & Chemicals were worth $2,331,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Peoples Financial Services CORP. raised its position in Air Products & Chemicals by 8.6% during the 4th quarter. Peoples Financial Services CORP. now owns 10,108 shares of the basic materials company’s stock valued at $1,659,000 after purchasing an additional 800 shares during the last quarter. Berkshire Asset Management LLC PA raised its position in Air Products & Chemicals by 8.5% during the 4th quarter. Berkshire Asset Management LLC PA now owns 5,981 shares of the basic materials company’s stock valued at $981,000 after purchasing an additional 470 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Air Products & Chemicals by 4.2% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 746,441 shares of the basic materials company’s stock valued at $122,477,000 after purchasing an additional 30,267 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in Air Products & Chemicals by 14.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 8,191 shares of the basic materials company’s stock valued at $1,344,000 after purchasing an additional 1,008 shares during the last quarter. Finally, Koshinski Asset Management Inc. raised its position in Air Products & Chemicals by 155.4% during the 4th quarter. Koshinski Asset Management Inc. now owns 3,438 shares of the basic materials company’s stock valued at $564,000 after purchasing an additional 2,092 shares during the last quarter. 88.02% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have commented on APD shares. raised Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a research report on Monday, November 13th. Argus upped their price target on Air Products & Chemicals to $192.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. They noted that the move was a valuation call. UBS Group upped their price target on Air Products & Chemicals from $162.00 to $172.00 and gave the company a “buy” rating in a research report on Friday, October 27th. raised Air Products & Chemicals from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Finally, HSBC raised Air Products & Chemicals from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. Air Products & Chemicals currently has a consensus rating of “Buy” and an average price target of $166.79.

Air Products & Chemicals, Inc. (APD) opened at $168.60 on Tuesday. Air Products & Chemicals, Inc. has a 52-week low of $133.63 and a 52-week high of $171.49. The stock has a market capitalization of $36,717.53, a P/E ratio of 12.34, a PEG ratio of 1.70 and a beta of 1.25. 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 announced its earnings results on Thursday, October 26th. The basic materials company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.08. Air Products & Chemicals had a return on equity of 15.25% and a net margin of 36.65%. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the prior year, the company earned $2.01 EPS. The business’s revenue was up 13.2% compared to the same quarter last year. research analysts expect that Air Products & Chemicals, Inc. will post 7.03 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Tuesday, January 2nd will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Friday, December 29th. Air Products & Chemicals’s dividend payout ratio is currently 27.82%.

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Air Products & Chemicals 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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