Bristol John W & Co. Inc. NY boosted its holdings in Air Products & Chemicals, Inc. (NYSE:APD) by 0.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 374,028 shares of the basic materials company’s stock after buying an additional 1,630 shares during the period. Bristol John W & Co. Inc. NY owned approximately 0.17% of Air Products & Chemicals worth $58,247,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in APD. Bruderman Asset Management LLC bought a new stake in Air Products & Chemicals in the first quarter valued at approximately $104,000. Mount Yale Investment Advisors LLC bought a new stake in Air Products & Chemicals in the first quarter valued at approximately $114,000. Braun Bostich & Associates Inc. increased its stake in Air Products & Chemicals by 542.6% in the second quarter. Braun Bostich & Associates Inc. now owns 739 shares of the basic materials company’s stock valued at $115,000 after purchasing an additional 624 shares in the last quarter. Private Capital Group LLC increased its stake in Air Products & Chemicals by 2,231.4% in the first quarter. Private Capital Group LLC now owns 816 shares of the basic materials company’s stock valued at $130,000 after purchasing an additional 781 shares in the last quarter. Finally, IMS Capital Management bought a new stake in Air Products & Chemicals in the second quarter valued at approximately $146,000. Institutional investors and hedge funds own 85.93% of the company’s stock.

Shares of APD stock opened at $168.75 on Tuesday. The company has a quick ratio of 2.24, a current ratio of 2.40 and a debt-to-equity ratio of 0.35. Air Products & Chemicals, Inc. has a 12-month low of $149.68 and a 12-month high of $175.17. The firm has a market cap of $36.97 billion, a PE ratio of 23.39, a P/E/G ratio of 1.40 and a beta of 1.06.

Air Products & Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, July 26th. The basic materials company reported $1.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.84 by $0.11. Air Products & Chemicals had a net margin of 17.13% and a return on equity of 15.15%. The company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter in the prior year, the firm earned $1.65 earnings per share. The firm’s revenue was up 6.5% compared to the same quarter last year. research analysts anticipate that Air Products & Chemicals, Inc. will post 7.45 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 12th. Stockholders of record on Monday, October 1st will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Friday, September 28th. Air Products & Chemicals’s dividend payout ratio is 69.73%.

Several equities research analysts have commented on APD shares. ValuEngine downgraded shares of Air Products & Chemicals from a “buy” rating to a “hold” rating in a research note on Tuesday, June 5th. Zacks Investment Research raised shares of Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $174.00 target price for the company in a research note on Wednesday, June 27th. Citigroup upped their target price on shares of Air Products & Chemicals from $198.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, July 11th. JPMorgan Chase & Co. lowered their target price on shares of Air Products & Chemicals from $172.00 to $170.00 and set an “overweight” rating for the company in a research note on Friday, July 27th. Finally, Credit Suisse Group upped their target price on shares of Air Products & Chemicals from $182.00 to $188.00 and gave the company a “buy” rating in a research note on Friday, July 27th. Two investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $185.69.

Air Products & Chemicals Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, electronics and performance materials, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including metals, glass, chemical processing, electronics, energy production and refining, food processing, metallurgical, medical, and general manufacturing.

Further Reading: How to calculate the intrinsic value of a stock

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

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