Duality Advisers LP bought a new position in shares of Air Products & Chemicals, Inc. (NYSE:APD) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,858 shares of the basic materials company’s stock, valued at approximately $2,139,000.

Other institutional investors have also added to or reduced their stakes in the company. Clarius Group LLC boosted its holdings in shares of Air Products & Chemicals by 2.2% during the second quarter. Clarius Group LLC now owns 1,882 shares of the basic materials company’s stock worth $454,000 after acquiring an additional 40 shares during the period. Mitchell Mcleod Pugh & Williams Inc. boosted its stake in Air Products & Chemicals by 1.7% in the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,441 shares of the basic materials company’s stock valued at $589,000 after purchasing an additional 40 shares during the period. Jacobi Capital Management LLC grew its holdings in Air Products & Chemicals by 1.5% in the 2nd quarter. Jacobi Capital Management LLC now owns 2,982 shares of the basic materials company’s stock valued at $782,000 after buying an additional 43 shares in the last quarter. Griffin Asset Management Inc. increased its position in Air Products & Chemicals by 1.9% during the 1st quarter. Griffin Asset Management Inc. now owns 2,305 shares of the basic materials company’s stock worth $460,000 after buying an additional 44 shares during the period. Finally, Ipswich Investment Management Co. Inc. increased its position in Air Products & Chemicals by 3.8% during the 1st quarter. Ipswich Investment Management Co. Inc. now owns 1,351 shares of the basic materials company’s stock worth $270,000 after buying an additional 49 shares during the period. 83.65% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE APD opened at $286.63 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.48 and a quick ratio of 3.32. The company has a 50-day moving average price of $260.72 and a 200-day moving average price of $235.84. The stock has a market capitalization of $62.91 billion, a P/E ratio of 33.67, a P/E/G ratio of 3.87 and a beta of 0.85. Air Products & Chemicals, Inc. has a 1 year low of $167.43 and a 1 year high of $299.82.

Air Products & Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, July 23rd. The basic materials company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.03. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.06 billion. Air Products & Chemicals had a return on equity of 15.96% and a net margin of 21.58%. The company’s quarterly revenue was down 7.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.17 EPS. As a group, equities research analysts anticipate that Air Products & Chemicals, Inc. will post 8.39 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be issued a dividend of $1.34 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $5.36 annualized dividend and a yield of 1.87%. Air Products & Chemicals’s dividend payout ratio (DPR) is currently 65.29%.

Several equities analysts recently commented on APD shares. BMO Capital Markets upped their price target on shares of Air Products & Chemicals from $295.00 to $359.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. JPMorgan Chase & Co. raised their target price on shares of Air Products & Chemicals from $285.00 to $310.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. HSBC cut Air Products & Chemicals from a “buy” rating to a “hold” rating and set a $225.00 price target for the company. in a research note on Tuesday, June 16th. They noted that the move was a valuation call. Wells Fargo & Co lowered their price objective on Air Products & Chemicals from $265.00 to $260.00 and set an “overweight” rating on the stock in a research note on Friday, April 24th. Finally, Zacks Investment Research downgraded Air Products & Chemicals from a “hold” rating to a “sell” rating and set a $230.00 target price for the company. in a research report on Monday, April 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $282.44.

About Air Products & Chemicals

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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