Howland Capital Management LLC maintained 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 (SEC). The fund owned 6,154 shares of the basic materials company’s stock at the end of the second quarter. Howland Capital Management LLC’s holdings in Air Products and Chemicals were worth $880,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in APD. BLB&B Advisors LLC increased its position in shares of Air Products and Chemicals by 3.9% in the first quarter. BLB&B Advisors LLC now owns 5,905 shares of the basic materials company’s stock valued at $799,000 after buying an additional 220 shares in the last quarter. Parametrica Management Ltd purchased a new position in shares of Air Products and Chemicals during the first quarter valued at approximately $204,000. Private Trust Co. NA increased its position in shares of Air Products and Chemicals by 1.2% in the first quarter. Private Trust Co. NA now owns 7,156 shares of the basic materials company’s stock valued at $968,000 after buying an additional 84 shares in the last quarter. Verde Servicos Internacionais S.A. increased its position in shares of Air Products and Chemicals by 30.2% in the first quarter. Verde Servicos Internacionais S.A. now owns 15,710 shares of the basic materials company’s stock valued at $2,125,000 after buying an additional 3,641 shares in the last quarter. Finally, Capstone Asset Management Co. increased its position in shares of Air Products and Chemicals by 11.2% in the first quarter. Capstone Asset Management Co. now owns 25,945 shares of the basic materials company’s stock valued at $3,510,000 after buying an additional 2,616 shares in the last quarter. Institutional investors and hedge funds own 88.92% of the company’s stock.

Air Products and Chemicals, Inc. (NYSE:APD) traded down 0.76% during mid-day trading on Tuesday, hitting $146.18. 289,563 shares of the company’s stock were exchanged. Air Products and Chemicals, Inc. has a 12 month low of $129.00 and a 12 month high of $150.45. The stock has a market cap of $31.86 billion, a PE ratio of 10.98 and a beta of 1.25. The stock’s 50 day moving average price is $144.52 and its 200-day moving average price is $141.78.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.06. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Air Products and Chemicals had a net margin of 34.63% and a return on equity of 17.23%. The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the company posted $1.92 EPS. Equities analysts expect that Air Products and Chemicals, Inc. will post $6.22 EPS for the current fiscal year.

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

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Several brokerages have commented on APD. Deutsche Bank AG boosted their price objective on shares of Air Products and Chemicals from $160.00 to $168.00 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Credit Suisse Group restated an “outperform” rating and set a $158.00 price objective (up from $153.00) on shares of Air Products and Chemicals in a research report on Wednesday, August 2nd. Vertical Research upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 price objective for the company in a research report on Monday. Barclays PLC restated a “buy” rating and set a $170.00 price objective on shares of Air Products and Chemicals in a research report on Friday. Finally, Jefferies Group LLC restated 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. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $153.29.

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 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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