Robeco Institutional Asset Management B.V. boosted its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 44.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,256 shares of the basic materials company’s stock after purchasing an additional 3,466 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Air Products and Chemicals were worth $1,702,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Air Products and Chemicals by 3.6% in the second quarter. Vanguard Group Inc. now owns 17,493,224 shares of the basic materials company’s stock worth $2,502,580,000 after purchasing an additional 604,454 shares during the period. BlackRock Inc. boosted its holdings in Air Products and Chemicals by 8.0% in the second quarter. BlackRock Inc. now owns 15,281,219 shares of the basic materials company’s stock worth $2,186,132,000 after purchasing an additional 1,131,879 shares during the period. State Street Corp boosted its holdings in Air Products and Chemicals by 2.8% in the second quarter. State Street Corp now owns 10,590,428 shares of the basic materials company’s stock worth $1,515,127,000 after purchasing an additional 291,150 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Air Products and Chemicals by 6.8% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,651,446 shares of the basic materials company’s stock worth $1,305,744,000 after purchasing an additional 611,672 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Air Products and Chemicals by 13.4% in the second quarter. Principal Financial Group Inc. now owns 3,541,101 shares of the basic materials company’s stock worth $506,589,000 after purchasing an additional 419,593 shares during the period. 87.30% of the stock is owned by hedge funds and other institutional investors.

APD has been the subject of a number of research reports. Jefferies Group LLC reaffirmed a “hold” rating and issued a $155.00 price objective on shares of Air Products and Chemicals in a report on Friday, July 14th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $158.00 price objective (up previously from $153.00) on shares of Air Products and Chemicals in a report on Wednesday, August 2nd. Deutsche Bank AG lifted their price objective on shares of Air Products and Chemicals from $160.00 to $168.00 and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Barclays PLC reissued a “buy” rating and set a $170.00 price target on shares of Air Products and Chemicals in a report on Friday, August 4th. Finally, Vertical Research raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 price target for the company in a report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. Air Products and Chemicals currently has a consensus rating of “Hold” and a consensus price target of $162.33.

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Shares of Air Products and Chemicals, Inc. (NYSE APD) opened at 159.43 on Wednesday. Air Products and Chemicals, Inc. has a 12-month low of $131.80 and a 12-month high of $162.86. The firm has a market cap of $34.75 billion, a P/E ratio of 11.98 and a beta of 1.26. The company has a 50-day moving average of $153.06 and a 200 day moving average of $146.53.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Thursday, October 26th. The basic materials company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.08. The business had revenue of $2.20 billion for 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 last year, the business earned $2.01 earnings per share. Equities analysts predict that Air Products and Chemicals, Inc. will post $7.01 EPS for the current year.

Air Products and 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 and Chemicals (NYSE:APD)

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