Hudock Capital Group LLC raised its position in Air Products and Chemicals, Inc. (NYSE:APD) by 0.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,049 shares of the basic materials company’s stock after buying an additional 11 shares during the period. Hudock Capital Group LLC’s holdings in Air Products and Chemicals were worth $293,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Neuberger Berman Group LLC boosted its position in Air Products and Chemicals by 24.4% in the second quarter. Neuberger Berman Group LLC now owns 1,557,227 shares of the basic materials company’s stock worth $222,777,000 after buying an additional 305,812 shares during the last quarter. Pacer Advisors Inc. boosted its position in Air Products and Chemicals by 8.2% in the second quarter. Pacer Advisors Inc. now owns 4,567 shares of the basic materials company’s stock worth $653,000 after buying an additional 348 shares during the last quarter. Utah Retirement Systems boosted its position in Air Products and Chemicals by 9.2% in the second quarter. Utah Retirement Systems now owns 39,143 shares of the basic materials company’s stock worth $5,600,000 after buying an additional 3,300 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in Air Products and Chemicals by 3.9% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 449,931 shares of the basic materials company’s stock worth $64,367,000 after buying an additional 16,957 shares during the last quarter. Finally, Andra AP fonden boosted its position in Air Products and Chemicals by 21.5% in the second quarter. Andra AP fonden now owns 35,100 shares of the basic materials company’s stock worth $5,021,000 after buying an additional 6,200 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Shares of Air Products and Chemicals, Inc. (APD) opened at 145.78 on Tuesday. The firm has a market cap of $31.77 billion, a price-to-earnings ratio of 10.95 and a beta of 1.25. The firm has a 50 day moving average of $145.45 and a 200 day moving average of $142.15. Air Products and Chemicals, Inc. has a 52 week low of $129.00 and a 52 week high of $150.45.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.06. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate 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 period in the prior year, the company 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 fiscal year.

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

ILLEGAL ACTIVITY WARNING: This news story was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this news story on another website, it was stolen and republished in violation of U.S. & international copyright laws. The correct version of this news story can be read at https://www.thecerbatgem.com/2017/08/29/hudock-capital-group-llc-boosts-stake-in-air-products-and-chemicals-inc-apd.html.

A number of equities analysts have weighed in on APD shares. Deutsche Bank AG raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and upped their price objective for the company from $148.00 to $160.00 in a research report on Monday, May 1st. Zacks Investment Research cut shares of Air Products and Chemicals from a “buy” rating to a “hold” rating in a research report on Monday, May 1st. Jefferies Group LLC reissued a “hold” rating and issued a $155.00 price objective on shares of Air Products and Chemicals in a research report on Tuesday, May 2nd. BidaskClub cut shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $158.00 price objective (up from $153.00) on shares of Air Products and Chemicals in a research report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $153.23.

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.

Want to see what other hedge funds are holding APD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Air Products and Chemicals, Inc. (NYSE:APD).

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

Receive News & Stock Ratings for Air Products and Chemicals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Products and Chemicals Inc. and related stocks with our FREE daily email newsletter.