Macquarie Group Ltd. grew its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 4.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,489 shares of the basic materials company’s stock after buying an additional 2,567 shares during the quarter. Macquarie Group Ltd.’s holdings in Air Products and Chemicals were worth $8,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Patten Group Inc. lifted its holdings in Air Products and Chemicals by 3.7% in the 1st quarter. Patten Group Inc. now owns 778 shares of the basic materials company’s stock worth $105,000 after purchasing an additional 28 shares during the last quarter. Guardian Life Insurance Co. of America lifted its holdings in Air Products and Chemicals by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 838 shares of the basic materials company’s stock worth $113,000 after purchasing an additional 6 shares during the last quarter. IMS Capital Management acquired a new stake in Air Products and Chemicals in the 2nd quarter worth approximately $129,000. Armbruster Capital Management Inc. lifted its holdings in Air Products and Chemicals by 13.5% in the 2nd quarter. Armbruster Capital Management Inc. now owns 908 shares of the basic materials company’s stock worth $130,000 after purchasing an additional 108 shares during the last quarter. Finally, Hanson & Doremus Investment Management lifted its holdings in Air Products and Chemicals by 8.8% in the 2nd quarter. Hanson & Doremus Investment Management now owns 931 shares of the basic materials company’s stock worth $133,000 after purchasing an additional 75 shares during the last quarter. Institutional investors and hedge funds own 87.87% of the company’s stock.

Several equities research analysts recently weighed in on APD shares. 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 Thursday, September 28th. Credit Suisse Group restated an “outperform” rating and issued a $158.00 target price (up from $153.00) on shares of Air Products and Chemicals in a report on Wednesday, August 2nd. 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. BidaskClub lowered Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Finally, UBS AG upgraded Air Products and Chemicals from a “neutral” rating to a “positive” rating in a report on Wednesday, September 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. Air Products and Chemicals has a consensus rating of “Hold” and an average price target of $157.15.

Shares of Air Products and Chemicals, Inc. (APD) opened at 153.46 on Monday. Air Products and Chemicals, Inc. has a 12 month low of $129.00 and a 12 month high of $154.41. The firm has a 50-day moving average price of $149.84 and a 200-day moving average price of $144.83. The company has a market capitalization of $33.45 billion, a PE ratio of 11.53 and a beta of 1.26.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $1.65 EPS for the quarter, topping 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 firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter last year, the company earned $1.92 EPS. The company’s revenue was up 10.8% on a year-over-year basis. On average, equities research analysts predict that Air Products and Chemicals, Inc. will post $6.23 EPS for the current year.

The firm also recently declared 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 is Friday, October 6th. This represents a $3.80 annualized dividend and a dividend yield of 2.48%. Air Products and Chemicals’s payout ratio is 28.51%.

ILLEGAL ACTIVITY NOTICE: “Macquarie Group Ltd. Increases Stake in Air Products and Chemicals, Inc. (APD)” was originally reported by Daily Political and is the sole property of of Daily Political. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://www.dailypolitical.com/2017/10/16/macquarie-group-ltd-increases-stake-in-air-products-and-chemicals-inc-apd.html.

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.

Want to see what other hedge funds are holding APD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Air Products and Chemicals, Inc. (NYSE:APD).

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.