Westpac Banking Corp cut its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,899 shares of the basic materials company’s stock after selling 441 shares during the quarter. Westpac Banking Corp’s holdings in Air Products and Chemicals were worth $2,404,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Sabal Trust CO raised its position in Air Products and Chemicals by 3.0% in the third quarter. Sabal Trust CO now owns 164,212 shares of the basic materials company’s stock worth $24,832,000 after acquiring an additional 4,806 shares in the last quarter. Weybosset Research & Management LLC acquired a new stake in Air Products and Chemicals during the 3rd quarter worth about $201,000. Raymond James Trust N.A. raised its holdings in Air Products and Chemicals by 11.8% during the 3rd quarter. Raymond James Trust N.A. now owns 16,621 shares of the basic materials company’s stock worth $2,513,000 after buying an additional 1,756 shares during the period. Trust Co. of Vermont raised its holdings in Air Products and Chemicals by 5.5% during the 3rd quarter. Trust Co. of Vermont now owns 53,729 shares of the basic materials company’s stock worth $8,125,000 after buying an additional 2,816 shares during the period. Finally, Macquarie Group Ltd. raised its holdings in Air Products and Chemicals by 4.3% during the 2nd quarter. Macquarie Group Ltd. now owns 62,489 shares of the basic materials company’s stock worth $8,939,000 after buying an additional 2,567 shares during the period. Hedge funds and other institutional investors own 87.32% of the company’s stock.

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Shares of Air Products and Chemicals, Inc. (APD) opened at $158.80 on Tuesday. The company has a market capitalization of $34,709.72, a P/E ratio of 25.24, a P/E/G ratio of 1.87 and a beta of 1.24. Air Products and Chemicals, Inc. has a 12 month low of $132.07 and a 12 month high of $162.86. The company has a quick ratio of 2.23, a current ratio of 2.36 and a debt-to-equity ratio of 0.33.

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

Several research firms have issued reports on APD. UBS AG boosted their price objective on Air Products and Chemicals from $162.00 to $172.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Credit Suisse Group boosted their price objective on Air Products and Chemicals from $158.00 to $173.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Barclays PLC boosted their price objective on Air Products and Chemicals from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, October 27th. SunTrust Banks, Inc. restated a “buy” rating and set a $175.00 price objective on shares of Air Products and Chemicals in a report on Friday, October 27th. Finally, Citigroup Inc. boosted their price objective on Air Products and Chemicals from $172.30 to $185.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. Air Products and Chemicals presently has an average rating of “Hold” and an average price target of $162.33.

Air Products and 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.

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

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