Courier Capital LLC continued to hold its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,925 shares of the basic materials company’s stock at the end of the second quarter. Courier Capital LLC’s holdings in Air Products and Chemicals were worth $275,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. King Luther Capital Management Corp increased its holdings in shares of Air Products and Chemicals by 5.1% during the 2nd quarter. King Luther Capital Management Corp now owns 189,697 shares of the basic materials company’s stock valued at $27,138,000 after purchasing an additional 9,145 shares in the last quarter. Captrust Financial Advisors purchased a new position in shares of Air Products and Chemicals during the 2nd quarter valued at approximately $237,000. Norinchukin Bank The increased its holdings in shares of Air Products and Chemicals by 6.9% during the 2nd quarter. Norinchukin Bank The now owns 15,109 shares of the basic materials company’s stock valued at $2,161,000 after purchasing an additional 969 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Air Products and Chemicals by 32.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 367,402 shares of the basic materials company’s stock valued at $52,593,000 after purchasing an additional 89,211 shares in the last quarter. Finally, Chemical Bank increased its holdings in shares of Air Products and Chemicals by 20.9% during the 2nd quarter. Chemical Bank now owns 5,250 shares of the basic materials company’s stock valued at $751,000 after purchasing an additional 906 shares in the last quarter. 88.08% of the stock is owned by hedge funds and other institutional investors.

Shares of Air Products and Chemicals, Inc. (APD) traded down 0.08% during midday trading on Friday, reaching $149.95. 366,388 shares of the company traded hands. The stock’s 50-day moving average is $146.10 and its 200-day moving average is $142.70. Air Products and Chemicals, Inc. has a 1-year low of $129.00 and a 1-year high of $151.42. The stock has a market capitalization of $32.68 billion, a P/E ratio of 11.27 and a beta of 1.25.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data 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. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations 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 revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.92 earnings per share. Equities analysts predict that Air Products and Chemicals, Inc. will post $6.23 EPS 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 given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 2.53%. The ex-dividend date is Friday, October 6th. Air Products and Chemicals’s payout ratio is 28.51%.

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APD has been the subject of several recent research reports. Barclays PLC reaffirmed a “buy” rating and set a $170.00 target price on shares of Air Products and Chemicals in a report on Friday, August 4th. KeyCorp reaffirmed a “buy” rating and set a $161.00 target price on shares of Air Products and Chemicals in a report on Friday, September 8th. Argus lifted their target price on shares of Air Products and Chemicals from $159.00 to $165.00 and gave the company a “buy” rating in a report on Monday, August 28th. Vertical Research reaffirmed a “hold” rating and set a $148.00 target price (up from $146.00) on shares of Air Products and Chemicals in a report on Tuesday. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $155.00 target price on shares of Air Products and Chemicals in a report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. Air Products and Chemicals presently has an average rating of “Hold” and an average target price of $155.33.

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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