Seaward Management Limited Partnership decreased its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 1.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,458 shares of the basic materials company’s stock after selling 196 shares during the period. Seaward Management Limited Partnership’s holdings in Air Products and Chemicals were worth $2,497,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. iAB Financial Bank acquired a new stake in Air Products and Chemicals during the first quarter worth about $100,000. Patten Group Inc. increased its position in shares of Air Products and Chemicals by 3.7% in the first quarter. Patten Group Inc. now owns 778 shares of the basic materials company’s stock worth $105,000 after buying an additional 28 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Air Products and Chemicals during the first quarter worth $109,000. Guardian Life Insurance Co. of America increased its position in shares of Air Products and Chemicals by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 838 shares of the basic materials company’s stock worth $113,000 after buying an additional 6 shares during the last quarter. Finally, Webster Bank N. A. boosted its position in Air Products and Chemicals by 68.2% in the first quarter. Webster Bank N. A. now owns 851 shares of the basic materials company’s stock worth $115,000 after buying an additional 345 shares during the period. Hedge funds and other institutional investors own 88.75% of the company’s stock.

Shares of Air Products and Chemicals, Inc. (APD) traded up 0.15% during mid-day trading on Friday, reaching $145.76. The company had a trading volume of 1,402,444 shares. Air Products and Chemicals, Inc. has a 12-month low of $129.00 and a 12-month high of $150.45. The firm has a market capitalization of $31.77 billion, a PE ratio of 10.95 and a beta of 1.25. The stock has a 50 day moving average price of $145.17 and a 200 day moving average price of $141.94.

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

The firm 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 $0.95 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.61%. Air Products and Chemicals’s payout ratio is 28.51%.

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A number of research firms have commented on APD. Deutsche Bank AG lifted their price objective on shares of Air Products and Chemicals from $160.00 to $168.00 and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Barclays PLC reissued 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. Vertical Research raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 target price for the company in a research report on Monday, August 7th. Credit Suisse Group reissued 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. Finally, Jefferies Group LLC reissued 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 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. The stock has an average rating of “Hold” and an average price target of $152.77.

Air Products and Chemicals Company Profile

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.

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

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