CAPROCK Group Inc. raised its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 5.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,792 shares of the basic materials company’s stock after buying an additional 150 shares during the period. CAPROCK Group Inc.’s holdings in Air Products and Chemicals were worth $402,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in APD. Bancorpsouth Inc. increased its stake in 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 valued at $2,321,000 after buying an additional 683 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in 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 valued at $89,380,000 after buying an additional 32,456 shares in the last quarter. Richard C. Young & CO. LTD. increased its stake in 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 valued at $1,479,000 after buying an additional 3,156 shares in the last quarter. World Asset Management Inc increased its stake in 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 valued at $3,464,000 after buying an additional 3,390 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in Air Products and Chemicals during the first quarter valued at about $419,000. Institutional investors own 88.92% of the company’s stock.

Shares of Air Products and Chemicals, Inc. (APD) opened at 144.60 on Friday. The company has a 50-day moving average of $144.81 and a 200 day moving average of $141.90. The firm has a market capitalization of $31.52 billion, a PE ratio of 10.86 and a beta of 1.25. 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 announced its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $1.65 EPS 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 quarter last year, the company posted $1.92 earnings per share. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, analysts predict that Air Products and Chemicals, Inc. will post $6.23 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Tuesday, October 10th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $3.80 annualized dividend and a yield of 2.63%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 28.51%.

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APD has been the subject of several research reports. Deutsche Bank AG upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $148.00 to $160.00 in a research note on Monday, May 1st. Zacks Investment Research raised 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 reissued 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. Vertical Research raised shares of 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, August 7th. Finally, Jefferies Group LLC reissued 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. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. Air Products and Chemicals 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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