Elkhorn Investments LLC raised its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 2.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,354 shares of the basic materials company’s stock after purchasing an additional 224 shares during the period. Elkhorn Investments LLC’s holdings in Air Products and Chemicals were worth $1,230,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Bancorpsouth Inc. increased its stake in Air Products and Chemicals by 4.1% during the first quarter. Bancorpsouth Inc. now owns 17,154 shares of the basic materials company’s stock valued at $2,321,000 after purchasing an additional 683 shares during the last quarter. Good Life Advisors LLC bought a new stake in Air Products and Chemicals during the second quarter valued at $217,000. Utah Retirement Systems increased its stake in Air Products and Chemicals by 9.2% during the second quarter. Utah Retirement Systems now owns 39,143 shares of the basic materials company’s stock valued at $5,600,000 after purchasing an additional 3,300 shares during the last quarter. Swiss National Bank increased its stake in Air Products and Chemicals by 9.0% during the second quarter. Swiss National Bank now owns 794,606 shares of the basic materials company’s stock valued at $113,676,000 after purchasing an additional 65,600 shares during the last quarter. Finally, Sage Capital Advisors llc acquired a new position in shares of Air Products and Chemicals during the second quarter valued at $718,000. Hedge funds and other institutional investors own 87.86% of the company’s stock.

Several equities analysts have recently issued reports on APD shares. BidaskClub downgraded shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Jefferies Group LLC reissued a “hold” rating and set a $155.00 price target on shares of Air Products and Chemicals in a report on Friday, July 14th. Credit Suisse Group reissued an “outperform” rating and set a $158.00 price target (up previously from $153.00) on shares of Air Products and Chemicals in a report on Wednesday, August 2nd. Deutsche Bank AG boosted their price target on shares of Air Products and Chemicals from $160.00 to $168.00 and gave the company a “hold” rating in a report on Wednesday, August 2nd. Finally, Barclays PLC reissued a “buy” rating and set a $170.00 price target on shares of Air Products and Chemicals in a report on Friday, August 4th. 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. The stock presently has an average rating of “Hold” and a consensus price target of $155.33.

ILLEGAL ACTIVITY NOTICE: “Elkhorn Investments LLC Acquires 224 Shares of Air Products and Chemicals, Inc. (APD)” was originally reported by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece can be read at https://www.dailypolitical.com/2017/09/23/elkhorn-investments-llc-acquires-224-shares-of-air-products-and-chemicals-inc-apd.html.

Air Products and Chemicals, Inc. (APD) traded down 0.52% during midday trading on Friday, reaching $150.26. 2,424,617 shares of the company traded hands. The company has a 50-day moving average price of $146.74 and a 200-day moving average price of $142.94. The company has a market cap of $32.75 billion, a price-to-earnings ratio of 11.29 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 $151.42.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share for the quarter, beating the Zacks’ 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 during the quarter, compared to analyst estimates of $2.06 billion. During the same period last year, the company posted $1.92 earnings per share. The firm’s quarterly revenue 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 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Tuesday, October 10th will be paid 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 dividend yield of 2.53%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 28.51%.

Air Products and Chemicals 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.

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

Receive News & Ratings for Air Products and Chemicals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Products and Chemicals Inc. and related companies with MarketBeat.com's FREE daily email newsletter.