Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 6.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 97,548 shares of the basic materials company’s stock after selling 7,180 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Air Products and Chemicals were worth $13,866,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Air Products and Chemicals by 5.5% in the first quarter. Vanguard Group Inc. now owns 16,888,770 shares of the basic materials company’s stock valued at $2,284,882,000 after buying an additional 887,369 shares during the last quarter. BlackRock Inc. raised its stake in Air Products and Chemicals by 1,973.1% in the first quarter. BlackRock Inc. now owns 14,149,340 shares of the basic materials company’s stock valued at $1,914,263,000 after buying an additional 13,466,808 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Air Products and Chemicals by 6.8% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,651,446 shares of the basic materials company’s stock valued at $1,305,744,000 after buying an additional 611,672 shares during the last quarter. Principal Financial Group Inc. raised its stake in Air Products and Chemicals by 3.7% in the first quarter. Principal Financial Group Inc. now owns 3,121,508 shares of the basic materials company’s stock valued at $422,309,000 after buying an additional 110,064 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in Air Products and Chemicals by 57.2% in the second quarter. American Century Companies Inc. now owns 2,125,659 shares of the basic materials company’s stock valued at $304,097,000 after buying an additional 773,446 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Air Products and Chemicals, Inc. (NYSE:APD) opened at 145.78 on Tuesday. Air Products and Chemicals, Inc. has a 12-month low of $129.00 and a 12-month high of $150.45. The stock’s 50 day moving average is $145.45 and its 200 day moving average is $142.15. The stock has a market capitalization of $31.77 billion, a PE ratio of 10.95 and a beta of 1.25.

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

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

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Several equities research analysts recently commented on APD shares. Deutsche Bank AG raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $148.00 to $160.00 in a research note on Monday, May 1st. Barclays PLC reissued a “buy” rating and set a $170.00 price objective on shares of Air Products and Chemicals in a research note on Friday, August 4th. Argus boosted their price objective on shares of Air Products and Chemicals from $159.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday. Jefferies Group LLC reissued a “hold” rating and set a $155.00 price objective on shares of Air Products and Chemicals in a research note on Tuesday, May 2nd. Finally, Zacks Investment Research lowered shares of Air Products and Chemicals from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $153.23.

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.

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

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