Huntington National Bank held its position in shares of Air Products and Chemicals Inc. (NYSE:APD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,671 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in Air Products and Chemicals were worth $4,640,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dearborn Partners LLC boosted its position in shares of Air Products and Chemicals by 3.8% in the second quarter. Dearborn Partners LLC now owns 106,743 shares of the company’s stock valued at $15,162,000 after buying an additional 3,873 shares in the last quarter. Natixis boosted its position in shares of Air Products and Chemicals by 2,829.0% in the first quarter. Natixis now owns 960,396 shares of the company’s stock valued at $138,345,000 after buying an additional 927,607 shares in the last quarter. Orbis Allan Gray Ltd bought a new position in shares of Air Products and Chemicals during the first quarter valued at $198,943,000. LPL Financial LLC boosted its position in shares of Air Products and Chemicals by 14.0% in the first quarter. LPL Financial LLC now owns 10,431 shares of the company’s stock valued at $1,488,000 after buying an additional 1,277 shares in the last quarter. Finally, AMP Capital Investors Ltd boosted its position in shares of Air Products and Chemicals by 0.7% in the first quarter. AMP Capital Investors Ltd now owns 54,322 shares of the company’s stock valued at $7,889,000 after buying an additional 400 shares in the last quarter. Institutional investors own 88.59% of the company’s stock.

Air Products and Chemicals Inc. (NYSE:APD) traded up 0.18% during trading on Tuesday, reaching $147.07. The company’s stock had a trading volume of 1,071,823 shares. Air Products and Chemicals Inc. has a 52 week low of $114.64 and a 52 week high of $157.84. The company has a market capitalization of $31.85 billion, a PE ratio of 55.02 and a beta of 1.19. The company has a 50 day moving average price of $152.01 and a 200-day moving average price of $145.84.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, July 28th. The company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.02. Air Products and Chemicals had a return on equity of 22.00% and a net margin of 6.12%. The company earned $2.43 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same period last year, the firm earned $1.65 EPS. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. Equities research analysts anticipate that Air Products and Chemicals Inc. will post $7.51 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 14th. Shareholders of record on Monday, October 3rd will be given a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 2.34%. Air Products and Chemicals’s payout ratio is 128.84%.

Several research analysts recently weighed in on APD shares. Zacks Investment Research cut Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Monday, July 4th. Vetr cut Air Products and Chemicals from a “sell” rating to a “strong sell” rating and set a $125.00 price objective for the company. in a research report on Wednesday, May 25th. Jefferies Group restated a “hold” rating and issued a $155.00 price objective on shares of Air Products and Chemicals in a research report on Friday, July 29th. Citigroup Inc. cut their price objective on Air Products and Chemicals from $157.00 to $156.00 and set a “neutral” rating for the company in a research report on Friday, July 29th. Finally, JPMorgan Chase & Co. upgraded Air Products and Chemicals from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $140.00 to $160.00 in a research report on Friday, August 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $152.79.

In other Air Products and Chemicals news, VP Guillermo Novo sold 2,447 shares of the stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $148.94, for a total transaction of $364,456.18. Following the completion of the sale, the vice president now directly owns 12,805 shares of the company’s stock, valued at approximately $1,907,176.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP John D. Stanley sold 17,247 shares of the stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $155.39, for a total value of $2,680,011.33. Following the sale, the senior vice president now directly owns 36,129 shares of the company’s stock, valued at $5,614,085.31. The disclosure for this sale can be found here. Company insiders own 0.33% of the company’s stock.

Air Products and Chemicals Company Profile

Air Products and Chemicals Inc is an industrial gases company, which offers atmospheric gases, process and specialty gases, electronics and performance materials, equipment and services. The Company’s segments include Industrial Gases–Americas; Industrial Gases – EMEA (Europe, Middle East, and Africa); Industrial Gases–Asia; Industrial Gases–Global; Materials Technologies; Energy-from-Waste, and Corporate and other.

5 Day Chart for NYSE:APD

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