Argyle Capital Management Inc. continued to hold its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the second quarter, Holdings Channel reports. The firm owned 7,452 shares of the basic materials company’s stock at the end of the second quarter. Argyle Capital Management Inc.’s holdings in Air Products and Chemicals were worth $1,066,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the company. Bancorpsouth Inc. raised its position in shares of Air Products and Chemicals by 4.1% in the first quarter. Bancorpsouth Inc. now owns 17,154 shares of the basic materials company’s stock worth $2,321,000 after buying an additional 683 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Air Products and Chemicals by 5.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 660,649 shares of the basic materials company’s stock worth $89,380,000 after buying an additional 32,456 shares during the period. Richard C. Young & CO. LTD. raised its position in shares of Air Products and Chemicals by 40.6% in the first quarter. Richard C. Young & CO. LTD. now owns 10,933 shares of the basic materials company’s stock worth $1,479,000 after buying an additional 3,156 shares during the period. World Asset Management Inc raised its position in shares of Air Products and Chemicals by 15.3% in the first quarter. World Asset Management Inc now owns 25,607 shares of the basic materials company’s stock worth $3,464,000 after buying an additional 3,390 shares during the period. Finally, Engineers Gate Manager LP acquired a new position in shares of Air Products and Chemicals during the first quarter worth about $419,000. Institutional investors and hedge funds own 88.92% of the company’s stock.

Air Products and Chemicals, Inc. (NYSE:APD) opened at 145.85 on Wednesday. Air Products and Chemicals, Inc. has a 52-week low of $129.00 and a 52-week high of $150.45. The company has a 50-day moving average of $144.67 and a 200-day moving average of $141.90. The stock has a market capitalization of $31.79 billion, a price-to-earnings ratio of 10.96 and a beta of 1.25.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 10th will be paid a dividend of $0.95 per share. The ex-dividend date 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 is currently 28.51%.

TRADEMARK VIOLATION NOTICE: This report was first posted by Daily Political and is owned by of Daily Political. If you are reading this report on another site, it was stolen and republished in violation of US & international trademark & copyright law. The original version of this report can be accessed at https://www.dailypolitical.com/2017/08/09/argyle-capital-management-inc-continues-to-hold-stake-in-air-products-and-chemicals-inc-apd.html.

APD has been the topic of a number of research reports. Deutsche Bank AG upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and raised their target price for the stock from $148.00 to $160.00 in a research report on Monday, May 1st. Zacks Investment Research upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $152.00 target price on the stock in a research report on Tuesday, April 18th. Credit Suisse Group restated an “outperform” rating and set a $158.00 target price (up from $153.00) on shares of Air Products and Chemicals in a research report on Wednesday, August 2nd. Jefferies Group LLC restated a “hold” rating and set a $155.00 target price on shares of Air Products and Chemicals in a research report on Friday, July 14th. Finally, BidaskClub lowered shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Two equities 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 company. The stock has a consensus rating of “Hold” and an average target price of $153.29.

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.

Want to see what other hedge funds are holding APD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Air Products and Chemicals, Inc. (NYSE:APD).

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

Receive News & Ratings for Air Products and Chemicals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Products and Chemicals Inc. and related companies with MarketBeat.com's FREE daily email newsletter.