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Austrian firm Erste Asset Management increased its stake in Air Products by 15.2%, despite the company reporting lower earnings.
An Austrian investment firm, Erste Asset Management GmbH, increased its holdings in Air Products and Chemicals, Inc. by 15.2% in Q4 2019, acquiring 7,630 additional shares, now owning 57,717 shares worth $16.7 million.
In contrast, Wintrust Investments LLC and Intact Investment Management Inc. reduced their stakes in the company.
Air Products and Chemicals reported lower-than-expected Q4 earnings, missing by $0.27, and announced a quarterly dividend of $1.79 per share, due on May 12th.
The company has a market cap of $65.08 billion and a dividend yield of 2.45%.
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La empresa austriaca Erste Asset Management aumentó su participación en Air Products en un 15,2%, a pesar de que la compañía reportó menores ganancias.