Grandfield & Dodd LLC lowered its stake in shares of Air Products and Chemicals Inc. (NYSE:APD) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 74,736 shares of the company’s stock after selling 157 shares during the period. Air Products and Chemicals accounts for 1.5% of Grandfield & Dodd LLC’s holdings, making the stock its 29th largest position. Grandfield & Dodd LLC’s holdings in Air Products and Chemicals were worth $10,616,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Haverford Financial Services Inc. bought a new position in shares of Air Products and Chemicals during the first quarter valued at approximately $4,541,000. BlackRock Japan Co. Ltd increased its stake in shares of Air Products and Chemicals by 21.2% in the first quarter. BlackRock Japan Co. Ltd now owns 324,884 shares of the company’s stock valued at $46,800,000 after buying an additional 56,914 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Air Products and Chemicals by 5.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 5,861,180 shares of the company’s stock valued at $844,303,000 after buying an additional 327,066 shares during the last quarter. BlackRock Group LTD increased its stake in shares of Air Products and Chemicals by 10.8% in the first quarter. BlackRock Group LTD now owns 1,813,541 shares of the company’s stock valued at $261,241,000 after buying an additional 176,734 shares during the last quarter. Finally, BlackRock Inc. increased its stake in shares of Air Products and Chemicals by 3.1% in the first quarter. BlackRock Inc. now owns 725,417 shares of the company’s stock valued at $104,497,000 after buying an additional 21,925 shares during the last quarter. Institutional investors own 88.50% of the company’s stock.

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

Air Products and Chemicals Inc. (NYSE:APD) traded down 2.31% on Tuesday, hitting $137.32. The company had a trading volume of 2,203,234 shares. The firm has a market capitalization of $29.74 billion, a PE ratio of 51.37 and a beta of 1.23. Air Products and Chemicals Inc. has a 12-month low of $114.64 and a 12-month high of $157.84. The firm has a 50-day moving average price of $151.79 and a 200-day moving average price of $146.64.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Thursday, July 28th. The company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.02. Air Products and Chemicals had a return on equity of 22.00% and a net margin of 6.12%. The business had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter in the prior year, the business earned $1.65 EPS. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities research analysts anticipate that Air Products and Chemicals Inc. will post $7.51 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 14th. Investors of record on Monday, October 3rd will be paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date is Thursday, October 6th. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 128.84%.

APD has been the topic of several research analyst reports. Morgan Stanley restated a “hold” rating on shares of Air Products and Chemicals in a research note on Thursday, June 16th. Zacks Investment Research downgraded shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Monday, July 4th. Seaport Global Securities upgraded shares of Air Products and Chemicals from an “accumulate” rating to a “buy” rating and set a $165.00 price objective on the stock in a research note on Monday, July 11th. Citigroup Inc. raised their price objective on shares of Air Products and Chemicals from $155.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday, July 15th. Finally, Jefferies Group restated a “hold” rating and issued a $155.00 price objective on shares of Air Products and Chemicals in a research note on Friday, July 29th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $151.60.

In related news, insider Russell A. Flugel sold 2,050 shares of the stock in a transaction on Monday, August 15th. The stock was sold at an average price of $151.54, for a total value of $310,657.00. Following the sale, the insider now owns 3,131 shares in the company, valued at approximately $474,471.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Guillermo Novo sold 2,447 shares of the stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $148.94, for a total value of $364,456.18. Following the completion of the sale, the vice president now owns 12,805 shares in the company, valued at approximately $1,907,176.70. The disclosure for this sale can be found here. 0.33% of the stock is owned by corporate insiders.

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 operates through seven segments: Industrial Gases-Americas, Industrial Gases-Europe, Middle East, and Africa (EMEA), Industrial Gases-Asia, Industrial Gases-Global, Materials Technologies, Energy-from-Waste, and Corporate and other.

5 Day Chart for NYSE:APD

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