Heritage Wealth Advisors maintained its position in Air Products and Chemicals, Inc. (NYSE:APD) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 2,450 shares of the basic materials company’s stock at the end of the second quarter. Heritage Wealth Advisors’ holdings in Air Products and Chemicals were worth $350,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. iAB Financial Bank purchased a new position in Air Products and Chemicals during the first quarter valued at approximately $100,000. Patten Group Inc. raised its position in Air Products and Chemicals by 3.7% in the first quarter. Patten Group Inc. now owns 778 shares of the basic materials company’s stock valued at $105,000 after buying an additional 28 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in Air Products and Chemicals during the first quarter valued at approximately $109,000. Guardian Life Insurance Co. of America raised its position 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 in the last quarter. Finally, Webster Bank N. A. raised its position in Air Products and Chemicals by 68.2% in the first quarter. Webster Bank N. A. now owns 851 shares of the basic materials company’s stock valued at $115,000 after buying an additional 345 shares in the last quarter. Institutional investors and hedge funds own 88.92% of the company’s stock.

Shares of Air Products and Chemicals, Inc. (APD) opened at 144.60 on Friday. Air Products and Chemicals, Inc. has a one year low of $129.00 and a one year high of $150.45. The firm has a market capitalization of $31.52 billion, a P/E ratio of 10.86 and a beta of 1.25. The firm has a 50-day moving average of $144.81 and a 200-day moving average of $141.90.

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, topping the Zacks’ consensus estimate of $1.59 by $0.06. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.06 billion. Air Products and Chemicals had a return on equity of 17.23% and a net margin of 34.63%. The company’s revenue was up 10.8% on a year-over-year basis. During the same period last year, the company earned $1.92 earnings per share. On average, equities analysts predict that Air Products and Chemicals, Inc. will post $6.23 earnings per share 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 $0.95 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $3.80 dividend on an annualized basis and a yield of 2.63%. Air Products and Chemicals’s payout ratio is 28.51%.

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A number of equities analysts recently issued reports on APD shares. 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 for the company in a research report on Tuesday, April 18th. Deutsche Bank AG upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and increased their target price for the company from $148.00 to $160.00 in a research report on Monday, May 1st. 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 Tuesday, May 2nd. BidaskClub lowered shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Finally, 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. Two 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 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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