Opus Investment Management Inc. continued to hold its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 42,800 shares of the basic materials company’s stock at the end of the second quarter. Air Products and Chemicals makes up about 1.0% of Opus Investment Management Inc.’s portfolio, making the stock its 17th largest position. Opus Investment Management Inc.’s holdings in Air Products and Chemicals were worth $6,123,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position 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 valued at $2,284,882,000 after buying an additional 887,369 shares during the period. BlackRock Inc. boosted its position 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 valued at $1,914,263,000 after buying an additional 13,466,808 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its position 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 valued at $1,305,744,000 after buying an additional 611,672 shares during the period. Principal Financial Group Inc. boosted its position 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 valued at $422,309,000 after buying an additional 110,064 shares during the period. Finally, Janus Capital Management LLC boosted its position 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 valued at $266,746,000 after buying an additional 30,164 shares during the period. Hedge funds and other institutional investors own 88.92% of the company’s stock.

Air Products and Chemicals, Inc. (NYSE APD) opened at 144.60 on Friday. The firm has a market capitalization of $31.52 billion, a price-to-earnings ratio of 10.86 and a beta of 1.25. Air Products and Chemicals, Inc. has a one year low of $129.00 and a one year high of $150.45. The stock’s 50 day moving average price is $144.81 and its 200-day moving average price is $141.90.

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 Thomson Reuters’ consensus estimate of $1.59 by $0.06. The business had revenue of $2.12 billion for 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%. Air Products and Chemicals’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.92 EPS. On average, equities research analysts anticipate that Air Products and Chemicals, Inc. will post $6.23 earnings per share for the current fiscal year.

The firm also recently disclosed 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. This represents a $3.80 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Friday, October 6th. Air Products and Chemicals’s dividend payout ratio is currently 28.51%.

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APD has been the topic of several research analyst reports. Credit Suisse Group restated an “outperform” rating and set a $158.00 price objective (up from $153.00) on shares of Air Products and Chemicals in a research note on Wednesday, August 2nd. Deutsche Bank AG upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and raised their target price for the company from $148.00 to $160.00 in a research note on Monday, May 1st. Barclays PLC reiterated a “buy” rating and issued a $170.00 target price on shares of Air Products and Chemicals in a research note on Friday, August 4th. BidaskClub cut Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Finally, 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 note on Monday, August 7th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $152.77.

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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