Benin Management CORP maintained its position in Air Products and Chemicals, Inc. (NYSE:APD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,429 shares of the basic materials company’s stock at the end of the second quarter. Benin Management CORP’s holdings in Air Products and Chemicals were worth $491,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. iAB Financial Bank purchased a new position in Air Products and Chemicals during the first quarter worth approximately $100,000. Patten Group Inc. boosted its position in Air Products and Chemicals by 3.7% in the first quarter. Patten Group Inc. now owns 778 shares of the basic materials company’s stock worth $105,000 after buying an additional 28 shares during the period. State of Alaska Department of Revenue purchased a new position in Air Products and Chemicals during the first quarter worth approximately $109,000. Guardian Life Insurance Co. of America boosted its position in Air Products and Chemicals by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 838 shares of the basic materials company’s stock worth $113,000 after buying an additional 6 shares during the period. Finally, Webster Bank N. A. boosted its position in Air Products and Chemicals by 68.2% in the first quarter. Webster Bank N. A. now owns 851 shares of the basic materials company’s stock worth $115,000 after buying an additional 345 shares during the period. Institutional investors own 88.92% of the company’s stock.

Air Products and Chemicals, Inc. (APD) traded down 0.01% during trading on Monday, reaching $147.20. The company had a trading volume of 344,033 shares. The company has a market capitalization of $32.08 billion, a PE ratio of 11.06 and a beta of 1.25. Air Products and Chemicals, Inc. has a 52-week low of $129.00 and a 52-week high of $150.45. The stock has a 50 day moving average price of $144.52 and a 200-day moving average price of $141.78.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.06. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.06 billion. Air Products and Chemicals had a net margin of 34.63% and a return on equity of 17.23%. The company’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.92 EPS. On average, equities research analysts anticipate that Air Products and Chemicals, Inc. will post $6.22 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Tuesday, October 10th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Friday, October 6th. Air Products and Chemicals’s payout ratio is currently 28.51%.

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APD has been the topic of a number of recent research reports. Deutsche Bank AG upped their price objective on Air Products and Chemicals from $160.00 to $168.00 and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $155.00 price objective on shares of Air Products and Chemicals in a research report on Friday, July 14th. Zacks Investment Research lowered Air Products and Chemicals from a “buy” rating to a “hold” rating in a research report on Monday, May 1st. Vertical Research raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday. Finally, BidaskClub lowered Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $153.85.

About Air Products and Chemicals

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 is also a supplier of liquefied natural gas process technology and equipment.

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

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