Quadrant Capital Group LLC increased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 0.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,318 shares of the basic materials company’s stock after purchasing an additional 26 shares during the period. Quadrant Capital Group LLC’s holdings in Air Products and Chemicals were worth $1,387,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Patten Group Inc. boosted its stake in Air Products and Chemicals by 3.7% during the 1st 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. Guardian Life Insurance Co. of America boosted its stake in Air Products and Chemicals by 0.7% during the 1st 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. IMS Capital Management acquired a new stake in Air Products and Chemicals during the 2nd quarter worth $129,000. Armbruster Capital Management Inc. boosted its stake in Air Products and Chemicals by 13.5% during the 2nd quarter. Armbruster Capital Management Inc. now owns 908 shares of the basic materials company’s stock worth $130,000 after purchasing an additional 108 shares during the period. Finally, Hanson & Doremus Investment Management boosted its stake in Air Products and Chemicals by 8.8% during the 2nd quarter. Hanson & Doremus Investment Management now owns 931 shares of the basic materials company’s stock worth $133,000 after purchasing an additional 75 shares during the period. Hedge funds and other institutional investors own 87.87% of the company’s stock.

TRADEMARK VIOLATION WARNING: This report was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this report can be read at https://www.thecerbatgem.com/2017/10/09/quadrant-capital-group-llc-acquires-26-shares-of-air-products-and-chemicals-inc-apd.html.

Shares of Air Products and Chemicals, Inc. (NYSE APD) traded down 0.34% during trading on Monday, hitting $152.78. 254,609 shares of the stock were exchanged. The stock has a 50-day moving average of $148.63 and a 200 day moving average of $144.11. The stock has a market cap of $33.30 billion, a P/E ratio of 11.48 and a beta of 1.26. Air Products and Chemicals, Inc. has a 12-month low of $129.00 and a 12-month high of $153.57.

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, beating the consensus estimate of $1.59 by $0.06. The company had revenue of $2.12 billion during 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 company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the previous 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 business also recently disclosed 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. This represents a $3.80 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Friday, October 6th. Air Products and Chemicals’s payout ratio is currently 28.51%.

Several analysts have recently commented on the stock. BidaskClub cut 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 target price 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 target price (up previously from $153.00) on shares of Air Products and Chemicals in a research note on Wednesday, August 2nd. Deutsche Bank AG raised their target price on shares of Air Products and Chemicals from $160.00 to $168.00 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Finally, Barclays PLC restated a “buy” rating and issued a $170.00 target price on shares of Air Products and Chemicals in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $157.15.

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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