FineMark National Bank & Trust reduced its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 0.3% during the second quarter, Holdings Channel reports. The institutional investor owned 4,432 shares of the basic materials company’s stock after selling 14 shares during the period. FineMark National Bank & Trust’s holdings in Air Products and Chemicals were worth $634,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in APD. Guardian Life Insurance Co. of America increased its position in shares of 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 in the last quarter. Sullivan Bruyette Speros & Blaney LLC increased its position in shares of 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 worth $239,000 after buying an additional 7 shares in the last quarter. Fort Pitt Capital Group LLC increased its position in shares of 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 worth $226,000 after buying an additional 7 shares in the last quarter. Compton Capital Management Inc. RI increased its position in shares of 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 worth $230,000 after buying an additional 8 shares in the last quarter. Finally, Hudock Capital Group LLC increased its position in shares of 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 worth $275,000 after buying an additional 9 shares in the last quarter. 88.92% of the stock is currently owned by institutional investors.

Shares of Air Products and Chemicals, Inc. (NYSE:APD) opened at 145.85 on Wednesday. The company has a market capitalization of $31.79 billion, a price-to-earnings ratio of 10.96 and a beta of 1.25. The company has a 50-day moving average price of $144.67 and a 200-day moving average price of $141.90. Air Products and Chemicals, Inc. has a 12 month low of $129.00 and a 12 month high of $150.45.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $1.65 EPS for the quarter, topping 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 business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same period last year, the business posted $1.92 earnings per share. Air Products and Chemicals’s quarterly revenue was up 10.8% compared to the same quarter last year. On average, equities analysts anticipate that Air Products and Chemicals, Inc. will post $6.22 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Tuesday, October 10th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $3.80 annualized dividend and a yield of 2.61%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 28.51%.

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A number of research analysts have recently issued reports on the company. Barclays PLC reissued a “buy” rating and issued a $170.00 price objective on shares of Air Products and Chemicals in a research note on Friday, August 4th. Jefferies Group LLC reissued a “hold” rating and issued a $155.00 price objective on shares of Air Products and Chemicals in a research note on Tuesday, May 2nd. Vertical Research raised Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 price objective on the stock in a research note on Monday. Credit Suisse Group reissued 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. Finally, BidaskClub downgraded Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. Air Products and Chemicals presently has an average rating of “Hold” and an average target price 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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