Robecosam AG Has $7.09 Million Holdings in Air Products and Chemicals, Inc. (APD)

Robecosam AG reduced its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 21.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,000 shares of the basic materials company’s stock after selling 13,500 shares during the quarter. Robecosam AG’s holdings in Air Products and Chemicals were worth $7,089,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of APD. Vanguard Group Inc. grew its stake in shares of Air Products and Chemicals by 3.6% during the second quarter. Vanguard Group Inc. now owns 17,493,224 shares of the basic materials company’s stock valued at $2,502,580,000 after buying an additional 604,454 shares during the last quarter. BlackRock Inc. grew its stake in shares of Air Products and Chemicals by 8.0% during the second quarter. BlackRock Inc. now owns 15,281,219 shares of the basic materials company’s stock valued at $2,186,132,000 after buying an additional 1,131,879 shares during the last quarter. State Street Corp grew its stake in shares of Air Products and Chemicals by 2.8% during the second quarter. State Street Corp now owns 10,590,428 shares of the basic materials company’s stock valued at $1,515,127,000 after buying an additional 291,150 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Air Products and Chemicals by 6.8% during the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,651,446 shares of the basic materials company’s stock valued at $1,305,744,000 after buying an additional 611,672 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Air Products and Chemicals by 13.4% during the second quarter. Principal Financial Group Inc. now owns 3,541,101 shares of the basic materials company’s stock valued at $506,589,000 after buying an additional 419,593 shares during the last quarter. 87.87% of the stock is currently owned by institutional investors.

Shares of Air Products and Chemicals, Inc. (APD) traded up 0.46% during mid-day trading on Friday, hitting $154.04. The company had a trading volume of 150,785 shares. The firm has a 50-day moving average price of $149.49 and a 200 day moving average price of $144.59. The firm has a market capitalization of $33.57 billion, a price-to-earnings ratio of 11.57 and a beta of 1.26. Air Products and Chemicals, Inc. has a 52-week low of $129.00 and a 52-week high of $154.41.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $1.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.06. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.06 billion. Air Products and Chemicals had a net margin of 34.63% and a return on equity of 17.23%. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.92 earnings per share. Analysts expect that Air Products and Chemicals, Inc. will post $6.23 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Tuesday, October 10th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $3.80 annualized dividend and a dividend yield of 2.48%. Air Products and Chemicals’s dividend payout ratio (DPR) is 28.51%.

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APD has been the topic of a number of analyst reports. KeyCorp reaffirmed a “buy” rating and set a $161.00 target price on shares of Air Products and Chemicals in a research note on Friday, September 8th. Deutsche Bank AG upped their target price on Air Products and Chemicals from $160.00 to $168.00 and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Vertical Research reaffirmed a “hold” rating and set a $148.00 target price (up previously from $146.00) on shares of Air Products and Chemicals in a research note on Tuesday, September 12th. Susquehanna Bancshares Inc raised Air Products and Chemicals from a “neutral” rating to a “positive” rating and upped their target price for the company from $165.00 to $175.00 in a research note on Thursday, September 14th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $158.00 target price (up previously from $153.00) on shares of Air Products and Chemicals in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. Air Products and Chemicals currently has a consensus rating of “Hold” and an average target price of $157.15.

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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