HPM Partners LLC lifted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 31.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,680 shares of the basic materials company’s stock after purchasing an additional 6,120 shares during the period. HPM Partners LLC’s holdings in Air Products and Chemicals were worth $1,731,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Patten Group Inc. lifted its holdings in shares of Air Products and Chemicals by 3.7% during the first quarter. Patten Group Inc. now owns 778 shares of the basic materials company’s stock worth $105,000 after purchasing an additional 28 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Air Products and Chemicals during the first quarter worth $109,000. Guardian Life Insurance Co. of America lifted its holdings in shares of Air Products and Chemicals by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 838 shares of the basic materials company’s stock worth $113,000 after purchasing an additional 6 shares during the period. Webster Bank N. A. lifted its holdings in shares of Air Products and Chemicals by 68.2% during the first quarter. Webster Bank N. A. now owns 851 shares of the basic materials company’s stock worth $115,000 after purchasing an additional 345 shares during the period. Finally, IMS Capital Management acquired a new position in shares of Air Products and Chemicals during the second quarter worth $129,000. Institutional investors own 88.08% of the company’s stock.

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A number of equities analysts have recently commented on the stock. KeyCorp reiterated a “buy” rating and set a $161.00 price target on shares of Air Products and Chemicals in a report on Friday. Deutsche Bank AG lifted their price target on shares of Air Products and Chemicals from $160.00 to $168.00 and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Jefferies Group LLC reiterated a “hold” rating and set a $155.00 price target on shares of Air Products and Chemicals in a report on Friday, July 14th. Argus lifted their price target on shares of Air Products and Chemicals from $159.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, August 28th. Finally, Vertical Research upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 price target on the stock in a report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $153.79.

Air Products and Chemicals, Inc. (NYSE APD) traded up 0.42% during trading on Friday, reaching $144.97. 1,715,350 shares of the company traded hands. The firm’s 50 day moving average price is $145.58 and its 200 day moving average price is $142.45. The firm has a market capitalization of $31.60 billion, a price-to-earnings ratio of 10.89 and a beta of 1.25. 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 announced its quarterly earnings results 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 business 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 company’s revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.92 EPS. Equities research analysts expect that Air Products and Chemicals, Inc. will post $6.23 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Tuesday, October 10th will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Friday, October 6th. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 28.51%.

Air Products and Chemicals 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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