Dimensional Fund Advisors LP boosted its holdings in Air Products & Chemicals, Inc. (NYSE:APD) by 1.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 534,673 shares of the basic materials company’s stock after buying an additional 6,326 shares during the quarter. Dimensional Fund Advisors LP owned 0.24% of Air Products & Chemicals worth $85,029,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of APD. Bessemer Group Inc. grew its position in Air Products & Chemicals by 14.4% in the fourth quarter. Bessemer Group Inc. now owns 2,729 shares of the basic materials company’s stock worth $448,000 after buying an additional 344 shares during the last quarter. Victory Capital Management Inc. grew its position in Air Products & Chemicals by 9.4% in the fourth quarter. Victory Capital Management Inc. now owns 22,828 shares of the basic materials company’s stock worth $3,746,000 after buying an additional 1,962 shares during the last quarter. Alps Advisors Inc. acquired a new position in Air Products & Chemicals in the fourth quarter worth approximately $211,000. KBC Group NV grew its position in Air Products & Chemicals by 5.2% during the 4th quarter. KBC Group NV now owns 88,159 shares of the basic materials company’s stock worth $14,465,000 after purchasing an additional 4,335 shares in the last quarter. Finally, Whittier Trust Co. grew its position in Air Products & Chemicals by 7.2% during the 4th quarter. Whittier Trust Co. now owns 4,758 shares of the basic materials company’s stock worth $780,000 after purchasing an additional 320 shares in the last quarter. Hedge funds and other institutional investors own 86.94% of the company’s stock.

Air Products & Chemicals stock opened at $168.00 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.89 and a current ratio of 3.08. Air Products & Chemicals, Inc. has a 12 month low of $140.78 and a 12 month high of $175.17. The firm has a market cap of $36.92 billion, a PE ratio of 24.38, a P/E/G ratio of 1.40 and a beta of 1.20.

Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings results on Thursday, April 26th. The basic materials company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.68 by $0.03. Air Products & Chemicals had a net margin of 13.13% and a return on equity of 14.97%. The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.19 billion. equities analysts expect that Air Products & Chemicals, Inc. will post 7.37 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 13th. Stockholders of record on Monday, July 2nd will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Friday, June 29th. Air Products & Chemicals’s dividend payout ratio is currently 69.73%.

Several equities analysts have weighed in on APD shares. Zacks Investment Research upgraded shares of Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $192.00 price objective on the stock in a research report on Monday, March 12th. Citigroup lowered their price objective on shares of Air Products & Chemicals from $210.00 to $185.00 and set a “buy” rating on the stock in a research report on Tuesday, April 10th. ValuEngine cut shares of Air Products & Chemicals from a “buy” rating to a “hold” rating in a research report on Tuesday, June 5th. Credit Suisse Group set a $181.00 price objective on shares of Air Products & Chemicals and gave the stock a “hold” rating in a research report on Thursday, April 26th. Finally, BMO Capital Markets started coverage on shares of Air Products & Chemicals in a research report on Tuesday, March 27th. They set an “outperform” rating and a $195.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the stock. Air Products & Chemicals currently has an average rating of “Buy” and an average price target of $179.41.

Air Products & Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, electronics and performance materials, 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 metals, glass, chemical processing, electronics, energy production and refining, food processing, metallurgical, medical, and general manufacturing.

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

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