Donaldson Capital Management LLC increased its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 2.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 153,010 shares of the basic materials company’s stock after buying an additional 4,016 shares during the period. Air Products and Chemicals accounts for 2.5% of Donaldson Capital Management LLC’s portfolio, making the stock its 19th largest position. Donaldson Capital Management LLC owned about 0.07% of Air Products and Chemicals worth $21,890,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. iAB Financial Bank bought a new position in Air Products and Chemicals during the first quarter valued at about $100,000. Patten Group Inc. boosted its position in 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 valued at $105,000 after buying an additional 28 shares during the period. State of Alaska Department of Revenue bought a new position in Air Products and Chemicals during the first quarter valued at about $109,000. Guardian Life Insurance Co. of America boosted its position in 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 valued at $113,000 after buying an additional 6 shares during the period. 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 valued at $115,000 after buying an additional 345 shares during the period. Institutional investors and hedge funds own 88.75% of the company’s stock.

Shares of Air Products and Chemicals, Inc. (NYSE APD) opened at 145.76 on Monday. Air Products and Chemicals, Inc. has a one year low of $129.00 and a one year high of $150.45. The company has a market capitalization of $31.77 billion, a PE ratio of 10.95 and a beta of 1.25. The company’s 50-day moving average is $145.17 and its 200-day moving average is $141.94.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 10th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Friday, October 6th. Air Products and Chemicals’s dividend payout ratio is currently 28.51%.

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Several research analysts have recently issued reports on APD shares. Barclays PLC reiterated a “buy” rating and issued a $170.00 price objective on shares of Air Products and Chemicals in a report on Friday, August 4th. Deutsche Bank AG upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and increased their price objective for the company from $148.00 to $160.00 in a report on Monday, May 1st. Jefferies Group LLC reiterated a “hold” rating and issued a $155.00 price objective on shares of Air Products and Chemicals in a report on Tuesday, May 2nd. Zacks Investment Research cut shares of Air Products and Chemicals from a “buy” rating to a “hold” rating in a report on Monday, May 1st. Finally, Vertical Research upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 price objective for the company in a report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $152.77.

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 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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