Pendal Group Ltd boosted its position in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 105.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,968 shares of the basic materials company’s stock after acquiring an additional 2,036 shares during the period. Pendal Group Ltd’s holdings in Air Products & Chemicals were worth $852,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Wells Fargo & Company MN grew its stake in Air Products & Chemicals by 0.6% during the first quarter. Wells Fargo & Company MN now owns 3,943,516 shares of the basic materials company’s stock valued at $753,054,000 after acquiring an additional 23,089 shares in the last quarter. Northern Trust Corp grew its stake in Air Products & Chemicals by 0.7% during the first quarter. Northern Trust Corp now owns 3,262,098 shares of the basic materials company’s stock valued at $622,929,000 after acquiring an additional 22,480 shares in the last quarter. Geode Capital Management LLC grew its stake in Air Products & Chemicals by 7.6% during the fourth quarter. Geode Capital Management LLC now owns 2,636,556 shares of the basic materials company’s stock valued at $421,179,000 after acquiring an additional 187,347 shares in the last quarter. Neuberger Berman Group LLC grew its stake in Air Products & Chemicals by 6.7% during the first quarter. Neuberger Berman Group LLC now owns 2,220,621 shares of the basic materials company’s stock valued at $424,050,000 after acquiring an additional 140,293 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Air Products & Chemicals by 25.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,044,236 shares of the basic materials company’s stock valued at $167,161,000 after acquiring an additional 212,479 shares in the last quarter. 86.81% of the stock is owned by institutional investors.

Several equities analysts recently commented on APD shares. Citigroup set a $260.00 price objective on shares of Air Products & Chemicals and gave the company a “buy” rating in a research note on Monday, July 15th. Vertical Research cut shares of Air Products & Chemicals from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Barclays boosted their price objective on shares of Air Products & Chemicals from $220.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Deutsche Bank boosted their price objective on shares of Air Products & Chemicals from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Bank of America raised shares of Air Products & Chemicals from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $170.00 to $215.00 in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $234.71.

APD stock traded up $2.14 during midday trading on Friday, reaching $228.48. The company had a trading volume of 5,225 shares, compared to its average volume of 1,172,108. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.28 and a quick ratio of 2.09. Air Products & Chemicals, Inc. has a 1 year low of $148.44 and a 1 year high of $232.47. The company has a market capitalization of $49.97 billion, a P/E ratio of 30.55, a P/E/G ratio of 2.30 and a beta of 0.84. The firm has a 50-day moving average price of $227.04 and a 200-day moving average price of $203.23.

Air Products & Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, July 25th. The basic materials company reported $2.17 EPS for the quarter, topping the Zacks’ consensus estimate of $2.14 by $0.03. Air Products & Chemicals had a net margin of 19.14% and a return on equity of 15.42%. The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the previous year, the company earned $1.95 EPS. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, equities analysts predict that Air Products & Chemicals, Inc. will post 8.24 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 11th. Shareholders of record on Tuesday, October 1st will be paid a $1.16 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.64 dividend on an annualized basis and a yield of 2.03%. Air Products & Chemicals’s dividend payout ratio is presently 62.28%.

In other Air Products & Chemicals news, CEO Seifi Ghasemi acquired 20,000 shares of the stock in a transaction dated Friday, July 26th. The stock was purchased at an average cost of $227.16 per share, for a total transaction of $4,543,200.00. Following the acquisition, the chief executive officer now owns 453,783 shares in the company, valued at approximately $103,081,346.28. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Russell A. Flugel sold 2,970 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $207.01, for a total transaction of $614,819.70. Following the completion of the sale, the vice president now owns 6,387 shares of the company’s stock, valued at $1,322,172.87. The disclosure for this sale can be found here. 0.35% of the stock is owned by insiders.

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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