Citizens Financial Group Inc RI lessened its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 20.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,875 shares of the basic materials company’s stock after selling 1,012 shares during the quarter. Citizens Financial Group Inc RI’s holdings in Air Products and Chemicals were worth $554,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of APD. State of Alaska Department of Revenue bought a new stake in Air Products and Chemicals during the 1st quarter valued at approximately $109,000. Waldron LP bought a new stake in Air Products and Chemicals during the 1st quarter valued at approximately $263,000. Wedge Capital Management L L P NC raised its stake in Air Products and Chemicals by 3.9% during the 1st quarter. Wedge Capital Management L L P NC now owns 60,033 shares of the basic materials company’s stock valued at $8,122,000 after purchasing an additional 2,233 shares during the period. Commerzbank Aktiengesellschaft FI raised its stake in Air Products and Chemicals by 157.7% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 7,258 shares of the basic materials company’s stock valued at $982,000 after purchasing an additional 4,442 shares during the period. Finally, Webster Bank N. A. raised its stake in Air Products and Chemicals by 68.2% during the 1st quarter. Webster Bank N. A. now owns 851 shares of the basic materials company’s stock valued at $115,000 after purchasing an additional 345 shares during the period. 88.08% of the stock is currently owned by institutional investors.

Several analysts recently issued reports on APD shares. Credit Suisse Group reissued an “outperform” rating and set a $158.00 target price (up previously from $153.00) on shares of Air Products and Chemicals in a research note on Wednesday, August 2nd. Barclays PLC reissued a “buy” rating and set a $170.00 target price on shares of Air Products and Chemicals in a research note on Friday, August 4th. BidaskClub downgraded Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Vertical Research raised Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 target price on the stock in a research note on Monday, August 7th. Finally, Argus lifted their target price on Air Products and Chemicals from $159.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, August 28th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $153.93.

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Air Products and Chemicals, Inc. (APD) traded down 0.21% during trading on Wednesday, reaching $148.96. The company’s stock had a trading volume of 168,266 shares. The firm has a market capitalization of $32.47 billion, a P/E ratio of 11.19 and a beta of 1.25. The stock has a 50-day moving average of $145.68 and a 200 day moving average of $142.54. Air Products and Chemicals, Inc. has a one year low of $129.00 and a one year high of $150.45.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.59 by $0.06. Air Products and Chemicals had a return on equity of 17.23% and a net margin of 34.63%. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter last year, the firm earned $1.92 earnings per share. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, equities research analysts predict 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. Investors of record on Tuesday, October 10th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $3.80 annualized dividend and a dividend yield of 2.55%. Air Products and Chemicals’s dividend payout ratio is presently 28.51%.

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.

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

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