BB&T Investment Services Inc. acquired a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 4,021 shares of the basic materials company’s stock, valued at approximately $577,000.

Several other institutional investors have also recently added to or reduced their stakes in APD. BlackRock Inc. lifted its position in shares of Air Products and Chemicals by 1,973.1% during the 1st quarter. BlackRock Inc. now owns 14,149,340 shares of the basic materials company’s stock worth $1,914,263,000 after purchasing an additional 13,466,808 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Air Products and Chemicals by 8,260.1% during the 2nd quarter. Janus Henderson Group PLC now owns 2,720,195 shares of the basic materials company’s stock worth $389,152,000 after purchasing an additional 2,687,657 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Air Products and Chemicals by 5.5% during the 1st quarter. Vanguard Group Inc. now owns 16,888,770 shares of the basic materials company’s stock worth $2,284,882,000 after purchasing an additional 887,369 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Air Products and Chemicals by 57.2% during the 2nd quarter. American Century Companies Inc. now owns 2,125,659 shares of the basic materials company’s stock worth $304,097,000 after purchasing an additional 773,446 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Air Products and Chemicals by 6.8% during the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,651,446 shares of the basic materials company’s stock worth $1,305,744,000 after purchasing an additional 611,672 shares during the last quarter. 87.87% of the stock is owned by institutional investors and hedge funds.

Shares of Air Products and Chemicals, Inc. (NYSE APD) traded down 0.1289% during midday trading on Thursday, reaching $152.7329. 153,218 shares of the company were exchanged. The stock’s 50-day moving average price is $149.26 and its 200-day moving average price is $144.53. Air Products and Chemicals, Inc. has a 52-week low of $129.00 and a 52-week high of $153.57. The company has a market capitalization of $33.29 billion, a PE ratio of 11.4742 and a beta of 1.26.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $1.65 EPS for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.06. Air Products and Chemicals had a net margin of 34.63% and a return on equity of 17.23%. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the prior year, the firm posted $1.92 EPS. The firm’s revenue was up 10.8% compared to the same quarter last year. Analysts anticipate that Air Products and Chemicals, Inc. will post $6.23 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Tuesday, October 10th will be given a $0.95 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.48%. Air Products and Chemicals’s payout ratio is currently 28.51%.

Several equities research analysts have recently issued reports on APD shares. Jefferies Group LLC reaffirmed a “hold” rating and set a $155.00 price objective on shares of Air Products and Chemicals in a research report on Thursday, September 28th. Credit Suisse Group reaffirmed an “outperform” rating and set a $158.00 price objective (up from $153.00) on shares of Air Products and Chemicals in a research report on Wednesday, August 2nd. Barclays PLC reaffirmed a “buy” rating and set a $170.00 price objective on shares of Air Products and Chemicals in a research report on Friday, August 4th. 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, UBS AG raised shares of Air Products and Chemicals from a “neutral” rating to a “positive” rating in a research report on Wednesday, September 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $157.15.

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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.

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

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