Air Products and Chemicals, Inc. (APD) Shares Bought by Macnealy Hoover Investment Management Inc.

Macnealy Hoover Investment Management Inc. increased its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 1.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,928 shares of the basic materials company’s stock after buying an additional 151 shares during the period. Macnealy Hoover Investment Management Inc.’s holdings in Air Products and Chemicals were worth $1,564,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Rosenbaum Jay D. increased its stake in shares of Air Products and Chemicals by 2.4% in the first quarter. Rosenbaum Jay D. now owns 2,110 shares of the basic materials company’s stock valued at $285,000 after buying an additional 50 shares in the last quarter. Integrated Investment Consultants LLC increased its stake in shares of Air Products and Chemicals by 17.8% in the first quarter. Integrated Investment Consultants LLC now owns 2,145 shares of the basic materials company’s stock valued at $290,000 after buying an additional 324 shares in the last quarter. Park National Corp OH increased its stake in shares of Air Products and Chemicals by 0.5% in the first quarter. Park National Corp OH now owns 87,725 shares of the basic materials company’s stock valued at $11,868,000 after buying an additional 409 shares in the last quarter. Macquarie Group Ltd. increased its stake in shares of Air Products and Chemicals by 75.7% in the fourth quarter. Macquarie Group Ltd. now owns 71,055 shares of the basic materials company’s stock valued at $10,219,000 after buying an additional 30,605 shares in the last quarter. Finally, Philadelphia Trust Co. increased its stake in shares of Air Products and Chemicals by 5.4% in the fourth quarter. Philadelphia Trust Co. now owns 7,785 shares of the basic materials company’s stock valued at $1,120,000 after buying an additional 400 shares in the last quarter. 88.92% of the stock is owned by institutional investors.

Air Products and Chemicals, Inc. (APD) opened at 144.60 on Friday. Air Products and Chemicals, Inc. has a 1-year low of $129.00 and a 1-year high of $150.45. The firm has a market capitalization of $31.52 billion, a PE ratio of 10.86 and a beta of 1.25. The company’s 50-day moving average is $144.81 and its 200 day moving average is $141.90.

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

The company 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 dividend of $0.95 per share. 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 2.63%. Air Products and Chemicals’s dividend payout ratio is 28.51%.

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APD has been the topic of several recent research reports. Deutsche Bank AG upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and lifted their price objective for the company from $148.00 to $160.00 in a research report on Monday, May 1st. Zacks Investment Research downgraded shares of Air Products and Chemicals from a “buy” rating to a “hold” rating in a research report on Monday, May 1st. BidaskClub downgraded shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Jefferies Group LLC reiterated a “hold” rating and issued a $155.00 target price on shares of Air Products and Chemicals in a report on Tuesday, May 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 on the stock in a report on Monday, August 7th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. Air Products and Chemicals presently has an average rating of “Hold” and an average price target of $153.29.

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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