Ironwood Investment Management LLC raised its stake in Air Products & Chemicals, Inc. (NYSE:APD) by 5.2% in the 1st quarter, HoldingsChannel reports. The fund owned 3,004 shares of the basic materials company’s stock after purchasing an additional 148 shares during the period. Ironwood Investment Management LLC’s holdings in Air Products & Chemicals were worth $574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Morgan Stanley increased its position in Air Products & Chemicals by 22.0% during the third quarter. Morgan Stanley now owns 854,110 shares of the basic materials company’s stock valued at $142,680,000 after acquiring an additional 154,103 shares during the last quarter. Federated Investors Inc. PA grew its holdings in Air Products & Chemicals by 290.5% during the third quarter. Federated Investors Inc. PA now owns 43,029 shares of the basic materials company’s stock valued at $7,188,000 after purchasing an additional 32,011 shares during the period. Vanguard Group Inc grew its holdings in Air Products & Chemicals by 1.3% during the third quarter. Vanguard Group Inc now owns 18,589,029 shares of the basic materials company’s stock valued at $3,105,298,000 after purchasing an additional 238,723 shares during the period. Virtu Financial LLC bought a new stake in Air Products & Chemicals during the fourth quarter valued at about $522,000. Finally, Strs Ohio grew its holdings in Air Products & Chemicals by 32.2% during the fourth quarter. Strs Ohio now owns 149,430 shares of the basic materials company’s stock valued at $23,916,000 after purchasing an additional 36,439 shares during the period. Institutional investors own 87.12% of the company’s stock.

NYSE APD opened at $204.21 on Friday. The stock has a market capitalization of $45.56 billion, a PE ratio of 27.41, a price-to-earnings-growth ratio of 2.14 and a beta of 0.83. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.36 and a quick ratio of 2.16. Air Products & Chemicals, Inc. has a twelve month low of $148.44 and a twelve month high of $210.15.

Air Products & Chemicals (NYSE:APD) last released its quarterly earnings data on Wednesday, April 24th. The basic materials company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.04. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.23 billion. Air Products & Chemicals had a return on equity of 15.28% and a net margin of 18.90%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.71 earnings per share. Equities research analysts predict that Air Products & Chemicals, Inc. will post 8.22 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 12th. Stockholders of record on Monday, July 1st will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Friday, June 28th. Air Products & Chemicals’s dividend payout ratio (DPR) is 62.28%.

APD has been the subject of several recent research reports. UBS Group boosted their price target on Air Products & Chemicals from $215.00 to $224.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Deutsche Bank boosted their price target on Air Products & Chemicals from $182.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Zacks Investment Research raised Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $177.00 price target for the company in a report on Thursday, January 24th. Vertical Research lowered Air Products & Chemicals from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Finally, Bank of America raised Air Products & Chemicals from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $170.00 to $215.00 in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $211.50.

In other news, VP Russell A. Flugel sold 2,970 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $207.01, for a total value of $614,819.70. Following the completion of the transaction, the vice president now owns 6,387 shares of the company’s stock, valued at $1,322,172.87. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

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Air Products & Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

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

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