Sabal Trust CO lifted its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 3.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 164,212 shares of the basic materials company’s stock after acquiring an additional 4,806 shares during the quarter. Air Products and Chemicals comprises about 2.5% of Sabal Trust CO’s investment portfolio, making the stock its 21st biggest holding. Sabal Trust CO owned 0.08% of Air Products and Chemicals worth $24,832,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of APD. Waldron LP acquired a new position in shares of Air Products and Chemicals during the first quarter valued at approximately $263,000. Schroder Investment Management Group increased its stake in shares of Air Products and Chemicals by 2,632.9% during the first quarter. Schroder Investment Management Group now owns 145,910 shares of the basic materials company’s stock valued at $19,785,000 after acquiring an additional 140,571 shares during the period. Arizona State Retirement System increased its stake in shares of Air Products and Chemicals by 0.4% during the first quarter. Arizona State Retirement System now owns 71,084 shares of the basic materials company’s stock valued at $9,617,000 after acquiring an additional 300 shares during the period. Robecosam AG increased its stake in shares of Air Products and Chemicals by 5.8% during the first quarter. Robecosam AG now owns 63,500 shares of the basic materials company’s stock valued at $8,611,000 after acquiring an additional 3,500 shares during the period. Finally, Bancorpsouth Inc. increased its stake in shares of Air Products and Chemicals by 4.1% during the first quarter. Bancorpsouth Inc. now owns 17,154 shares of the basic materials company’s stock valued at $2,321,000 after acquiring an additional 683 shares during the period. Institutional investors and hedge funds own 87.87% of the company’s stock.

APD has been the topic of a number of research analyst reports. KeyCorp reiterated a “buy” rating and set a $161.00 price objective on shares of Air Products and Chemicals in a research note on Friday, September 8th. Deutsche Bank AG raised their price objective on shares of 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 reiterated a “hold” rating and set a $148.00 price objective (up previously from $146.00) on shares of Air Products and Chemicals in a research note on Tuesday, September 12th. Jefferies Group LLC reiterated a “hold” rating and set a $155.00 price objective on shares of Air Products and Chemicals in a research note on Thursday, September 28th. Finally, Susquehanna Bancshares Inc upgraded shares of Air Products and Chemicals from a “neutral” rating to a “positive” rating and raised their price objective for the company from $165.00 to $175.00 in a research note on Thursday, September 14th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $157.15.

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Air Products and Chemicals, Inc. (NYSE APD) traded up 0.08% during trading on Monday, reaching $154.34. 103,855 shares of the company were exchanged. Air Products and Chemicals, Inc. has a 52-week low of $129.00 and a 52-week high of $154.74. The firm has a market cap of $33.64 billion, a price-to-earnings ratio of 11.59 and a beta of 1.26. The firm has a 50-day moving average of $150.84 and a 200-day moving average of $145.34.

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

About Air Products and Chemicals

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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