Capstone Asset Management Co. raised its position in shares of Air Products and Chemicals Inc. (NYSE:APD) by 8.1% during the third quarter, Holdings Channel reports. The institutional investor owned 23,071 shares of the company’s stock after buying an additional 1,726 shares during the period. Capstone Asset Management Co.’s holdings in Air Products and Chemicals were worth $3,468,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Perkins Coie Trust Co increased its stake in Air Products and Chemicals by 3.7% in the second quarter. Perkins Coie Trust Co now owns 9,301 shares of the company’s stock worth $1,321,000 after buying an additional 332 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Air Products and Chemicals by 1.4% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 167,829 shares of the company’s stock worth $23,838,000 after buying an additional 2,363 shares during the last quarter. Newman Dignan & Sheerar Inc. purchased a new stake in shares of Air Products and Chemicals during the second quarter worth $256,000. Exxonmobil Investment Management Inc. TX boosted its stake in shares of Air Products and Chemicals by 6.5% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 50,339 shares of the company’s stock worth $7,150,000 after buying an additional 3,084 shares during the last quarter. Finally, DNB Asset Management AS boosted its stake in shares of Air Products and Chemicals by 5.8% in the second quarter. DNB Asset Management AS now owns 20,052 shares of the company’s stock worth $2,848,000 after buying an additional 1,100 shares during the last quarter. Institutional investors own 84.89% of the company’s stock.

Institutional Ownership by Quarter for Air Products and Chemicals (NYSE:APD)

Air Products and Chemicals Inc. (NYSE:APD) traded up 0.69% during mid-day trading on Wednesday, hitting $144.46. The stock had a trading volume of 2,697,948 shares. The firm has a market cap of $31.40 billion, a PE ratio of 49.99 and a beta of 1.24. Air Products and Chemicals Inc. has a 12-month low of $106.05 and a 12-month high of $146.01. The company has a 50-day moving average of $136.03 and a 200-day moving average of $136.40.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Thursday, October 27th. The company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.98 by $0.03. Air Products and Chemicals had a return on equity of 22.74% and a net margin of 6.63%. The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same period last year, the company posted $1.82 earnings per share. The firm’s revenue was up .6% compared to the same quarter last year. Analysts expect that Air Products and Chemicals Inc. will post $6.39 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 13th. Shareholders of record on Tuesday, January 3rd will be given a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 2.38%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 119.03%.

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A number of equities research analysts have recently weighed in on the company. HSBC assumed coverage on Air Products and Chemicals in a research note on Tuesday. They issued a “hold” rating and a $140.00 price objective for the company. Atlantic Securities raised Air Products and Chemicals from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $125.00 to $135.00 in a research note on Friday, September 30th. Credit Suisse Group AG set a $163.00 price objective on Air Products and Chemicals and gave the company a “buy” rating in a research note on Monday, September 12th. Zacks Investment Research cut Air Products and Chemicals from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. Finally, Argus raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $159.00 price objective for the company in a research note on Monday, November 21st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $150.33.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc is an industrial gases company. The Company’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. The Company operates through seven segments: Industrial Gases-Americas, Industrial Gases-Europe, Middle East, and Africa (EMEA), 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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