ING Groep NV raised its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 0.2% during the second quarter, Holdings Channel reports. The fund owned 11,136 shares of the basic materials company’s stock after buying an additional 20 shares during the period. ING Groep NV’s holdings in Air Products and Chemicals were worth $1,593,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Guardian Life Insurance Co. of America raised its stake 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 valued at $113,000 after buying an additional 6 shares during the last quarter. Sullivan Bruyette Speros & Blaney LLC raised its stake in Air Products and Chemicals by 0.4% in the first quarter. Sullivan Bruyette Speros & Blaney LLC now owns 1,764 shares of the basic materials company’s stock valued at $239,000 after buying an additional 7 shares during the last quarter. Fort Pitt Capital Group LLC raised its stake in Air Products and Chemicals by 0.4% in the first quarter. Fort Pitt Capital Group LLC now owns 1,672 shares of the basic materials company’s stock valued at $226,000 after buying an additional 7 shares during the last quarter. Compton Capital Management Inc. RI raised its stake in Air Products and Chemicals by 0.5% in the first quarter. Compton Capital Management Inc. RI now owns 1,700 shares of the basic materials company’s stock valued at $230,000 after buying an additional 8 shares during the last quarter. Finally, Hudock Capital Group LLC raised its stake in Air Products and Chemicals by 0.4% in the first quarter. Hudock Capital Group LLC now owns 2,038 shares of the basic materials company’s stock valued at $275,000 after buying an additional 9 shares during the last quarter. Institutional investors own 88.92% of the company’s stock.

Shares of Air Products and Chemicals, Inc. (APD) traded down 0.62% during trading on Tuesday, hitting $146.38. 280,901 shares of the company traded hands. 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 market capitalization of $31.90 billion, a PE ratio of 11.00 and a beta of 1.25. The company has a 50-day moving average of $144.52 and a 200-day moving average of $141.78.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 10th will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a 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 28.51%.

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Several research firms have commented on APD. Deutsche Bank AG increased their price target 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 reissued an “outperform” rating and set a $158.00 price target (up from $153.00) on shares of Air Products and Chemicals in a research report on Wednesday, August 2nd. Vertical Research raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 price target for the company in a research report on Monday. Barclays PLC reissued a “buy” rating and set a $170.00 price target on shares of Air Products and Chemicals in a research report on Friday. Finally, Jefferies Group LLC reissued a “hold” rating and set a $155.00 price target on shares of Air Products and Chemicals in a research report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. Air Products and Chemicals presently has a consensus 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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