Kavar Capital Partners LLC increased its stake in Air Products & Chemicals, Inc. (NYSE:APD) by 8.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 3,250 shares of the basic materials company’s stock after buying an additional 250 shares during the period. Kavar Capital Partners LLC’s holdings in Air Products & Chemicals were worth $736,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in APD. Wells Fargo & Company MN lifted its position in Air Products & Chemicals by 0.6% during the first quarter. Wells Fargo & Company MN now owns 3,943,516 shares of the basic materials company’s stock valued at $753,054,000 after buying an additional 23,089 shares in the last quarter. Northern Trust Corp lifted its position in shares of Air Products & Chemicals by 0.7% during the first quarter. Northern Trust Corp now owns 3,262,098 shares of the basic materials company’s stock worth $622,929,000 after purchasing an additional 22,480 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Air Products & Chemicals by 7.6% during the fourth quarter. Geode Capital Management LLC now owns 2,636,556 shares of the basic materials company’s stock worth $421,179,000 after purchasing an additional 187,347 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of Air Products & Chemicals by 6.7% during the first quarter. Neuberger Berman Group LLC now owns 2,220,621 shares of the basic materials company’s stock worth $424,050,000 after purchasing an additional 140,293 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Air Products & Chemicals by 25.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,044,236 shares of the basic materials company’s stock worth $167,161,000 after purchasing an additional 212,479 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

APD stock traded up $2.12 during trading on Thursday, hitting $224.71. 18,351 shares of the company’s stock traded hands, compared to its average volume of 1,162,570. The company has a quick ratio of 2.09, a current ratio of 2.28 and a debt-to-equity ratio of 0.28. Air Products & Chemicals, Inc. has a 52 week low of $148.44 and a 52 week high of $232.47. The firm’s fifty day moving average price is $227.01. The stock has a market cap of $49.16 billion, a PE ratio of 30.24, a price-to-earnings-growth ratio of 2.27 and a beta of 0.84.

Air Products & Chemicals (NYSE:APD) last released its earnings results on Thursday, July 25th. The basic materials company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.03. Air Products & Chemicals had a net margin of 19.14% and a return on equity of 15.42%. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the previous year, the firm earned $1.95 earnings per share. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, equities analysts forecast that Air Products & Chemicals, Inc. will post 8.24 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 11th. Shareholders of record on Tuesday, October 1st will be paid a dividend of $1.16 per share. The ex-dividend date is Monday, September 30th. This represents a $4.64 annualized dividend and a yield of 2.06%. Air Products & Chemicals’s payout ratio is 62.28%.

In other Air Products & Chemicals news, CEO Seifi Ghasemi bought 20,000 shares of the stock in a transaction on Friday, July 26th. The stock was purchased at an average price of $227.16 per share, for a total transaction of $4,543,200.00. Following the completion of the purchase, the chief executive officer now directly owns 453,783 shares in the company, valued at $103,081,346.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Russell A. Flugel sold 2,970 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $207.01, for a total transaction of $614,819.70. Following the sale, the vice president now owns 6,387 shares of the company’s stock, valued at approximately $1,322,172.87. The disclosure for this sale can be found here. 0.35% of the stock is owned by insiders.

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Air Products & Chemicals from $207.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, June 7th. Vertical Research cut shares of Air Products & Chemicals from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Zacks Investment Research cut shares of Air Products & Chemicals from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. UBS Group cut shares of Air Products & Chemicals from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $224.00 to $240.00 in a research report on Thursday, July 11th. Finally, Monness Crespi & Hardt reissued a “buy” rating and set a $254.00 target price (up from $214.00) on shares of Air Products & Chemicals in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company’s stock. Air Products & Chemicals has a consensus rating of “Buy” and a consensus price target of $234.71.

Air Products & Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, 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 refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

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

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