Alliancebernstein L.P. boosted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 4.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 364,201 shares of the basic materials company’s stock after acquiring an additional 16,427 shares during the period. Alliancebernstein L.P. owned about 0.17% of Air Products and Chemicals worth $52,103,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in APD. Guardian Life Insurance Co. of America raised its position in shares of 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 during the last quarter. Sullivan Bruyette Speros & Blaney LLC raised its position in shares of Air Products and Chemicals by 0.4% in the first quarter. Sullivan Bruyette Speros & Blaney LLC now owns 1,764 shares of the basic materials company’s stock valued at $239,000 after buying an additional 7 shares during the last quarter. Fort Pitt Capital Group LLC raised its position in shares of Air Products and Chemicals by 0.4% in the first quarter. Fort Pitt Capital Group LLC now owns 1,672 shares of the basic materials company’s stock valued at $226,000 after buying an additional 7 shares during the last quarter. Oakworth Capital Inc. raised its position in shares of Air Products and Chemicals by 0.7% in the second quarter. Oakworth Capital Inc. now owns 1,027 shares of the basic materials company’s stock valued at $147,000 after buying an additional 7 shares during the last quarter. Finally, Compton Capital Management Inc. RI raised its position in shares of Air Products and Chemicals by 0.5% in the first quarter. Compton Capital Management Inc. RI now owns 1,700 shares of the basic materials company’s stock valued at $230,000 after buying an additional 8 shares during the last quarter. Institutional investors own 88.08% of the company’s stock.

A number of equities research analysts recently issued reports on the stock. Barclays PLC restated a “buy” rating and issued a $170.00 target price on shares of Air Products and Chemicals in a report on Friday, August 4th. KeyCorp restated a “buy” rating and issued a $161.00 target price on shares of Air Products and Chemicals in a report on Friday, September 8th. Argus boosted 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 restated a “hold” rating and issued 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 restated a “hold” rating and issued 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 given a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $155.33.

Air Products and Chemicals, Inc. (NYSE APD) opened at 150.13 on Friday. Air Products and Chemicals, Inc. has a 52 week low of $129.00 and a 52 week high of $151.42. The stock has a market capitalization of $32.72 billion, a P/E ratio of 11.28 and a beta of 1.25. The stock has a 50 day moving average of $146.29 and a 200 day moving average of $142.78.

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, equities research analysts predict that Air Products and Chemicals, Inc. will post $6.23 earnings per share for the current fiscal 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 2.53%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 28.51%.

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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.

Institutional Ownership by Quarter for Air Products and Chemicals (NYSE:APD)

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