Old Mutual Global Investors UK Ltd. raised its stake in Air Products & Chemicals, Inc. (NYSE:APD) by 1,037.2% during the 4th quarter, Holdings Channel reports. The firm owned 294,420 shares of the basic materials company’s stock after acquiring an additional 268,529 shares during the period. Old Mutual Global Investors UK Ltd.’s holdings in Air Products & Chemicals were worth $48,308,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Sabal Trust CO grew its stake in shares of Air Products & Chemicals by 3.0% in the 3rd quarter. Sabal Trust CO now owns 164,212 shares of the basic materials company’s stock valued at $24,832,000 after purchasing an additional 4,806 shares during the last quarter. Weybosset Research & Management LLC purchased a new position in shares of Air Products & Chemicals in the 3rd quarter valued at approximately $201,000. Raymond James Trust N.A. grew its stake in shares of Air Products & Chemicals by 11.8% in the 3rd quarter. Raymond James Trust N.A. now owns 16,621 shares of the basic materials company’s stock valued at $2,513,000 after purchasing an additional 1,756 shares during the last quarter. Trust Co. of Vermont grew its stake in shares of Air Products & Chemicals by 5.5% in the 3rd quarter. Trust Co. of Vermont now owns 53,729 shares of the basic materials company’s stock valued at $8,125,000 after purchasing an additional 2,816 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Air Products & Chemicals by 2.9% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 716,174 shares of the basic materials company’s stock valued at $108,300,000 after purchasing an additional 19,863 shares during the last quarter. Institutional investors own 87.03% of the company’s stock.

APD has been the topic of a number of analyst reports. Seaport Global Securities restated a “buy” rating and issued a $185.00 price target on shares of Air Products & Chemicals in a research note on Monday, January 29th. Citigroup lifted their price target on Air Products & Chemicals from $172.30 to $185.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Jefferies Group restated a “buy” rating and issued a $195.00 price target on shares of Air Products & Chemicals in a research note on Monday, January 29th. UBS Group lifted their price target on Air Products & Chemicals from $162.00 to $172.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Finally, JPMorgan Chase & Co. downgraded Air Products & Chemicals from an “overweight” rating to a “neutral” rating and set a $170.00 price target on the stock. in a research note on Monday, January 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $178.33.

Air Products & Chemicals, Inc. (NYSE APD) opened at $159.44 on Wednesday. The stock has a market capitalization of $34,960.23, a price-to-earnings ratio of 24.08, a P/E/G ratio of 1.55 and a beta of 1.22. Air Products & Chemicals, Inc. has a 1-year low of $133.63 and a 1-year high of $175.17. The company has a current ratio of 2.92, a quick ratio of 2.73 and a debt-to-equity ratio of 0.33.

Air Products & Chemicals (NYSE:APD) last issued its quarterly earnings data on Friday, January 26th. The basic materials company reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.13. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Air Products & Chemicals had a return on equity of 14.80% and a net margin of 33.51%. Air Products & Chemicals’s revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.47 earnings per share. analysts predict that Air Products & Chemicals, Inc. will post 7.32 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 14th. Investors of record on Monday, April 2nd will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Thursday, March 29th. This is a boost from Air Products & Chemicals’s previous quarterly dividend of $0.95. This represents a $4.40 annualized dividend and a yield of 2.76%. Air Products & Chemicals’s payout ratio is currently 29.25%.

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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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