Tocqueville Asset Management L.P. reduced its position in Air Products and Chemicals, Inc. (NYSE:APD) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,121 shares of the basic materials company’s stock after selling 800 shares during the period. Tocqueville Asset Management L.P.’s holdings in Air Products and Chemicals were worth $11,605,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Guardian Life Insurance Co. of America increased its stake 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 worth $113,000 after buying an additional 6 shares during the last quarter. Sullivan Bruyette Speros & Blaney LLC increased its stake in Air Products and Chemicals by 0.4% in the first quarter. Sullivan Bruyette Speros & Blaney LLC now owns 1,764 shares of the basic materials company’s stock worth $239,000 after buying an additional 7 shares during the last quarter. Fort Pitt Capital Group LLC increased its stake in Air Products and Chemicals by 0.4% in the first quarter. Fort Pitt Capital Group LLC now owns 1,672 shares of the basic materials company’s stock worth $226,000 after buying an additional 7 shares during the last quarter. Oakworth Capital Inc. increased its stake in Air Products and Chemicals by 0.7% in the second quarter. Oakworth Capital Inc. now owns 1,027 shares of the basic materials company’s stock worth $147,000 after buying an additional 7 shares during the last quarter. Finally, Compton Capital Management Inc. RI increased its stake in Air Products and Chemicals by 0.5% in the first quarter. Compton Capital Management Inc. RI now owns 1,700 shares of the basic materials company’s stock worth $230,000 after buying an additional 8 shares during the last quarter. Institutional investors own 88.75% of the company’s stock.

Shares of Air Products and Chemicals, Inc. (NYSE APD) opened at 146.01 on Friday. The company has a market cap of $31.82 billion, a P/E ratio of 10.97 and a beta of 1.25. The firm has a 50-day moving average price of $145.45 and a 200 day moving average price of $142.15. Air Products and Chemicals, Inc. has a 12 month low of $129.00 and a 12 month high of $150.45.

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 for the quarter, topping the consensus estimate of $1.59 by $0.06. The company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.06 billion. Air Products and Chemicals had a return on equity of 17.23% and a net margin of 34.63%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the prior year, the business posted $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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Investors 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 annualized dividend and a yield of 2.60%. Air Products and Chemicals’s payout ratio is 28.51%.

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A number of analysts recently weighed in on the company. Barclays PLC restated 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. Jefferies Group LLC restated a “hold” rating and issued a $155.00 target price on shares of Air Products and Chemicals in a research report on Tuesday, May 2nd. Vertical Research upgraded 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. BidaskClub downgraded Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Finally, Zacks Investment Research downgraded Air Products and Chemicals from a “buy” rating to a “hold” rating in a research report on Monday, May 1st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price 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.

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

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