Tokio Marine Asset Management Co. Ltd. Acquires 390 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD – Get Rating) by 16.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,754 shares of the basic materials company’s stock after acquiring an additional 390 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Air Products and Chemicals were worth $662,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Air Products and Chemicals by 4.2% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,249 shares of the basic materials company’s stock worth $3,667,000 after buying an additional 608 shares during the period. AIA Group Ltd increased its stake in shares of Air Products and Chemicals by 75.3% during the first quarter. AIA Group Ltd now owns 333 shares of the basic materials company’s stock worth $83,000 after purchasing an additional 143 shares during the period. SevenBridge Financial Group LLC increased its stake in shares of Air Products and Chemicals by 4.0% during the second quarter. SevenBridge Financial Group LLC now owns 13,631 shares of the basic materials company’s stock worth $3,278,000 after purchasing an additional 528 shares during the period. NorthCrest Asset Manangement LLC boosted its stake in Air Products and Chemicals by 1.7% in the 2nd quarter. NorthCrest Asset Manangement LLC now owns 27,889 shares of the basic materials company’s stock valued at $6,707,000 after purchasing an additional 470 shares during the period. Finally, Harbor Investment Advisory LLC grew its holdings in Air Products and Chemicals by 40.3% in the 2nd quarter. Harbor Investment Advisory LLC now owns 979 shares of the basic materials company’s stock valued at $235,000 after buying an additional 281 shares in the last quarter. Institutional investors own 82.68% of the company’s stock.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $310.16 on Thursday. Air Products and Chemicals, Inc. has a one year low of $216.24 and a one year high of $311.13. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.81 and a quick ratio of 1.66. The company has a market cap of $68.81 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 2.19 and a beta of 0.79. The firm has a 50 day simple moving average of $260.26 and a 200 day simple moving average of $251.72.

Air Products and Chemicals (NYSE:APD – Get Rating) last announced its quarterly earnings results on Thursday, November 3rd. The basic materials company reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.12. The company had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $3.23 billion. Air Products and Chemicals had a return on equity of 16.31% and a net margin of 17.77%. Air Products and Chemicals’s revenue was up 25.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.51 EPS. Research analysts predict that Air Products and Chemicals, Inc. will post 11.38 earnings per share for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 13th. Investors of record on Tuesday, January 3rd will be issued a $1.62 dividend. The ex-dividend date is Friday, December 30th. This represents a $6.48 dividend on an annualized basis and a yield of 2.09%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 63.91%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on APD. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Air Products and Chemicals from $275.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, August 5th. Bank of America increased their target price on shares of Air Products and Chemicals from $281.00 to $308.00 in a research report on Monday, November 7th. StockNews.com started coverage on shares of Air Products and Chemicals in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Berenberg Bank reduced their price target on Air Products and Chemicals from $290.00 to $260.00 and set a “hold” rating on the stock in a research report on Wednesday, October 12th. Finally, Wells Fargo & Company lifted their price objective on Air Products and Chemicals from $252.00 to $280.00 and gave the company an “equal weight” rating in a report on Friday, November 4th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and an average target price of $299.28.

Air Products and Chemicals Company Profile

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Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; 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, manufacturing, electronics, magnetic resonance imaging, energy production, medical, food, and metals.