Moody Lynn & Lieberson LLC cut its position in Air Products and Chemicals, Inc. (NYSE:APD) by 8.6% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 48,480 shares of the basic materials company’s stock after selling 4,535 shares during the period. Moody Lynn & Lieberson LLC’s holdings in Air Products and Chemicals were worth $6,936,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Quadrature Capital Ltd acquired a new position in Air Products and Chemicals during the fourth quarter worth $206,000. Macquarie Group Ltd. raised its position in Air Products and Chemicals by 75.7% in the fourth quarter. Macquarie Group Ltd. now owns 71,055 shares of the basic materials company’s stock worth $10,219,000 after buying an additional 30,605 shares during the period. Gulf International Bank UK Ltd raised its position in Air Products and Chemicals by 2.9% in the first quarter. Gulf International Bank UK Ltd now owns 63,415 shares of the basic materials company’s stock worth $8,579,000 after buying an additional 1,800 shares during the period. Quadrant Capital Group LLC raised its position in Air Products and Chemicals by 0.6% in the first quarter. Quadrant Capital Group LLC now owns 10,292 shares of the basic materials company’s stock worth $1,382,000 after buying an additional 66 shares during the period. Finally, National Pension Service raised its position in Air Products and Chemicals by 10.0% in the first quarter. National Pension Service now owns 172,479 shares of the basic materials company’s stock worth $23,388,000 after buying an additional 15,649 shares during the period. Institutional investors and hedge funds own 88.92% of the company’s stock.

Air Products and Chemicals, Inc. (APD) opened at 147.30 on Tuesday. The company has a market capitalization of $32.11 billion, a price-to-earnings ratio of 11.07 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 company’s 50 day moving average is $144.52 and its 200-day moving average is $141.78.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Investors 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 yield of 2.58%. The ex-dividend date is Friday, October 6th. Air Products and Chemicals’s dividend payout ratio (DPR) is 28.51%.

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APD has been the topic of a number of recent research reports. Credit Suisse Group reaffirmed an “outperform” rating and issued a $158.00 price objective (up from $153.00) on shares of Air Products and Chemicals in a research note on Wednesday, August 2nd. Deutsche Bank AG raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and raised their price objective for the company from $148.00 to $160.00 in a research note on Monday, May 1st. Barclays PLC reaffirmed a “buy” rating and issued a $170.00 price objective on shares of Air Products and Chemicals in a research note on Friday. BidaskClub lowered shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Finally, Vertical Research raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday. Two investment 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 company currently has a consensus rating of “Hold” and a consensus price target 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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