Captrust Financial Advisors bought a new stake in Air Products and Chemicals, Inc. (NYSE:APD) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,658 shares of the basic materials company’s stock, valued at approximately $237,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Patten Group Inc. raised its position in Air Products and Chemicals by 3.7% in the first quarter. Patten Group Inc. now owns 778 shares of the basic materials company’s stock valued at $105,000 after purchasing an additional 28 shares during the period. Guardian Life Insurance Co. of America raised its position 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 valued at $113,000 after purchasing an additional 6 shares during the period. IMS Capital Management purchased a new stake in Air Products and Chemicals in the second quarter valued at approximately $129,000. Armbruster Capital Management Inc. raised its position in Air Products and Chemicals by 13.5% in the second quarter. Armbruster Capital Management Inc. now owns 908 shares of the basic materials company’s stock valued at $130,000 after purchasing an additional 108 shares during the period. Finally, Hanson & Doremus Investment Management raised its position in Air Products and Chemicals by 8.8% in the second quarter. Hanson & Doremus Investment Management now owns 931 shares of the basic materials company’s stock valued at $133,000 after purchasing an additional 75 shares during the period. 88.08% of the stock is currently owned by institutional investors.

Air Products and Chemicals, Inc. (NYSE APD) opened at 150.13 on Friday. The stock has a market capitalization of $32.72 billion, a PE ratio of 11.28 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 $151.42. The company’s 50-day moving average is $146.29 and its 200 day moving average is $142.78.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.06. The firm had revenue of $2.12 billion during 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%. Air Products and Chemicals’s revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.92 EPS. On average, analysts predict that Air Products and Chemicals, Inc. will post $6.23 EPS for the current year.

The company also recently announced 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. This represents a $3.80 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend is Friday, October 6th. Air Products and Chemicals’s payout ratio is 28.51%.

COPYRIGHT VIOLATION 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 publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2017/09/16/captrust-financial-advisors-buys-new-stake-in-air-products-and-chemicals-inc-apd.html.

Several equities analysts have commented on the stock. Argus boosted 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 research note on Monday, August 28th. BidaskClub downgraded shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Jefferies Group LLC restated a “hold” rating and issued a $155.00 price target on shares of Air Products and Chemicals in a research note on Friday, July 14th. Credit Suisse Group restated an “outperform” rating and issued a $158.00 price target (up previously from $153.00) on shares of Air Products and Chemicals in a research note on Wednesday, August 2nd. Finally, Vertical Research upgraded shares of 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 note on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. Air Products and Chemicals currently has a consensus rating of “Hold” and a consensus target price of $155.33.

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.