Itau Unibanco Holding S.A. Takes $104,000 Position in Air Products and Chemicals, Inc. (NYSE:APD)

Itau Unibanco Holding S.A. purchased a new position in Air Products and Chemicals, Inc. (NYSE:APD) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 402 shares of the basic materials company’s stock, valued at approximately $104,000.

Several other large investors also recently added to or reduced their stakes in the stock. Frank Rimerman Advisors LLC bought a new stake in shares of Air Products and Chemicals in the 2nd quarter valued at approximately $530,000. ProShare Advisors LLC raised its holdings in Air Products and Chemicals by 14.1% during the 2nd quarter. ProShare Advisors LLC now owns 796,244 shares of the basic materials company’s stock valued at $205,471,000 after buying an additional 98,651 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Air Products and Chemicals by 4.2% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,062,859 shares of the basic materials company’s stock worth $790,371,000 after buying an additional 122,676 shares during the last quarter. Legacy Financial Advisors Inc. boosted its stake in Air Products and Chemicals by 8.4% during the second quarter. Legacy Financial Advisors Inc. now owns 1,903 shares of the basic materials company’s stock worth $491,000 after buying an additional 148 shares during the period. Finally, Ensign Peak Advisors Inc increased its position in Air Products and Chemicals by 9.1% during the second quarter. Ensign Peak Advisors Inc now owns 1,022,941 shares of the basic materials company’s stock valued at $263,970,000 after acquiring an additional 85,680 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $287.98 on Monday. The company has a market cap of $64.02 billion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 3.70 and a beta of 0.82. The company’s 50 day moving average is $274.23 and its 200 day moving average is $259.79. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $296.00. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Thursday, August 1st. The basic materials company reported $3.20 EPS for the quarter, topping the consensus estimate of $3.04 by $0.16. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.04 billion. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. On average, sell-side analysts forecast that Air Products and Chemicals, Inc. will post 12.32 EPS for the current year.

Air Products and Chemicals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Tuesday, October 1st will be issued a $1.77 dividend. The ex-dividend date is Tuesday, October 1st. This represents a $7.08 dividend on an annualized basis and a yield of 2.46%. Air Products and Chemicals’s payout ratio is 63.90%.

Analyst Upgrades and Downgrades

APD has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted their price target on shares of Air Products and Chemicals from $240.00 to $280.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lowered Air Products and Chemicals from a “buy” rating to a “hold” rating and dropped their target price for the company from $310.00 to $280.00 in a research report on Monday, July 22nd. Bank of America increased their price target on Air Products and Chemicals from $275.00 to $312.00 and gave the stock a “buy” rating in a report on Monday, June 10th. StockNews.com cut Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Friday, September 6th. Finally, BMO Capital Markets raised their price target on shares of Air Products and Chemicals from $300.00 to $323.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $297.40.

About Air Products and Chemicals

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; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.