GHP Investment Advisors Inc. increased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 7.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,404 shares of the basic materials company’s stock after buying an additional 1,056 shares during the period. GHP Investment Advisors Inc.’s holdings in Air Products and Chemicals were worth $2,061,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Paragon Capital Management Ltd acquired a new stake in Air Products and Chemicals during the first quarter worth approximately $332,000. Investment Counsel Inc. increased its stake in Air Products and Chemicals by 7.6% in the first quarter. Investment Counsel Inc. now owns 12,753 shares of the basic materials company’s stock worth $1,725,000 after buying an additional 900 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Air Products and Chemicals by 19.9% in the first quarter. Janney Montgomery Scott LLC now owns 27,156 shares of the basic materials company’s stock worth $3,674,000 after buying an additional 4,504 shares in the last quarter. Penobscot Investment Management Company Inc. increased its stake in Air Products and Chemicals by 1.3% in the first quarter. Penobscot Investment Management Company Inc. now owns 25,379 shares of the basic materials company’s stock worth $3,434,000 after buying an additional 320 shares in the last quarter. Finally, Baystate Wealth Management LLC increased its stake in Air Products and Chemicals by 65.2% in the first quarter. Baystate Wealth Management LLC now owns 1,097 shares of the basic materials company’s stock worth $149,000 after buying an additional 433 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

Air Products and Chemicals, Inc. (NYSE:APD) opened at 146.01 on Monday. The firm has a market capitalization of $31.82 billion, a PE ratio of 10.97 and a beta of 1.25. Air Products and Chemicals, Inc. has a 52-week low of $129.00 and a 52-week high of $150.45. The stock’s 50 day moving average price is $145.45 and its 200 day moving average price is $142.15.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.06. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.06 billion. Air Products and Chemicals had a net margin of 34.63% and a return on equity of 17.23%. The business’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.92 EPS. Analysts expect that Air Products and Chemicals, Inc. will post $6.23 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Tuesday, October 10th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date is Friday, October 6th. Air Products and Chemicals’s dividend payout ratio is currently 28.51%.

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A number of equities research analysts have commented on the company. Deutsche Bank AG lifted their target price on Air Products and Chemicals from $160.00 to $168.00 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Credit Suisse Group restated an “outperform” rating and issued a $158.00 target price (up previously from $153.00) on shares of Air Products and Chemicals in a research report on Wednesday, August 2nd. 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 report on Monday, August 7th. Barclays PLC restated a “buy” rating and issued a $170.00 target price on shares of Air Products and Chemicals in a research report on Friday, August 4th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $155.00 target price on shares of Air Products and Chemicals in a research report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. Air Products and Chemicals presently has an average rating of “Hold” and a consensus price target of $152.77.

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.

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

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