Air Products & Chemicals, Inc. (NYSE:APD) was downgraded by Deutsche Bank from a “buy” rating to a “hold” rating in a report released on Monday, The Fly reports.
Other hedge funds and institutional investors have made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its position in shares of Air Products & Chemicals by 277.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,272,013 shares of the company’s stock valued at $555,832,000 after buying an additional 3,139,360 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Air Products & Chemicals by 22.6% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,349,207 shares of the company’s stock worth $1,216,426,000 after buying an additional 1,723,748 shares during the period. Neuberger Berman Group LLC boosted its stake in Air Products & Chemicals by 228.2% in the fourth quarter. Neuberger Berman Group LLC now owns 1,201,173 shares of the company’s stock worth $156,285,000 after buying an additional 835,137 shares during the period. American Century Companies Inc. boosted its stake in Air Products & Chemicals by 99.7% in the fourth quarter. American Century Companies Inc. now owns 1,562,802 shares of the company’s stock worth $203,336,000 after buying an additional 780,074 shares during the period. Finally, Norges Bank acquired a new stake in Air Products & Chemicals during the fourth quarter worth approximately $58,589,000.
Source: American Banking and Market News