Benjamin F. Edwards & Company Inc. increased its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 2.3% during the second quarter, Holdings Channel reports. The firm owned 5,793 shares of the basic materials company’s stock after buying an additional 130 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Air Products and Chemicals were worth $829,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of APD. Vanguard Group Inc. raised its stake in shares of Air Products and Chemicals by 5.5% in the first quarter. Vanguard Group Inc. now owns 16,888,770 shares of the basic materials company’s stock worth $2,284,882,000 after buying an additional 887,369 shares in the last quarter. BlackRock Inc. raised its stake in shares of Air Products and Chemicals by 1,973.1% in the first quarter. BlackRock Inc. now owns 14,149,340 shares of the basic materials company’s stock worth $1,914,263,000 after buying an additional 13,466,808 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Air Products and Chemicals by 6.8% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,651,446 shares of the basic materials company’s stock worth $1,305,744,000 after buying an additional 611,672 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Air Products and Chemicals by 3.7% in the first quarter. Principal Financial Group Inc. now owns 3,121,508 shares of the basic materials company’s stock worth $422,309,000 after buying an additional 110,064 shares in the last quarter. Finally, Janus Capital Management LLC raised its stake in shares of Air Products and Chemicals by 1.6% in the first quarter. Janus Capital Management LLC now owns 1,971,732 shares of the basic materials company’s stock worth $266,746,000 after buying an additional 30,164 shares in the last quarter. Hedge funds and other institutional investors own 88.92% of the company’s stock.

Shares of Air Products and Chemicals, Inc. (NYSE APD) opened at 146.25 on Thursday. The firm has a 50-day moving average price of $144.76 and a 200 day moving average price of $141.89. 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 cap of $31.88 billion, a price-to-earnings ratio of 10.99 and a beta of 1.25.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share for the quarter, beating the 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 for the quarter, compared to the consensus estimate of $2.06 billion. During the same period last year, the business posted $1.92 EPS. The company’s revenue was up 10.8% on a year-over-year basis. Analysts expect that Air Products and Chemicals, Inc. will post $6.23 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Tuesday, October 10th will be paid a $0.95 dividend. The ex-dividend date is Friday, October 6th. This represents a $3.80 annualized dividend and a dividend yield of 2.60%. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 28.51%.

TRADEMARK VIOLATION NOTICE: “Air Products and Chemicals, Inc. (NYSE:APD) Position Raised by Benjamin F. Edwards & Company Inc.” was published by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://www.dailypolitical.com/2017/08/10/air-products-and-chemicals-inc-nyseapd-position-raised-by-benjamin-f-edwards-company-inc.html.

A number of equities research analysts recently commented on the company. Credit Suisse Group reiterated an “outperform” rating and issued a $158.00 target price (up previously from $153.00) on shares of Air Products and Chemicals in a research report on Wednesday, August 2nd. Deutsche Bank AG upped their target price on 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. Vertical Research upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 target price on the stock in a research report on Monday. Barclays PLC reiterated a “buy” rating and issued a $170.00 target price on shares of Air Products and Chemicals in a research report on Friday, August 4th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $155.00 target price on shares of Air Products and Chemicals in a research report on Friday, July 14th. Two equities research 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 presently has a consensus rating of “Hold” and a consensus 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.