Air Products and Chemicals, Inc. (NYSE:APD) Stake Boosted by National Pension Service

National Pension Service increased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 6.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 183,312 shares of the basic materials company’s stock after buying an additional 10,833 shares during the period. National Pension Service owned 0.08% of Air Products and Chemicals worth $25,988,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in APD. Guardian Life Insurance Co. of America boosted its stake 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 buying an additional 6 shares during the period. Sullivan Bruyette Speros & Blaney LLC boosted its stake in shares of Air Products and Chemicals by 0.4% in the first quarter. Sullivan Bruyette Speros & Blaney LLC now owns 1,764 shares of the basic materials company’s stock worth $239,000 after buying an additional 7 shares during the last quarter. Fort Pitt Capital Group LLC boosted its stake in shares of Air Products and Chemicals by 0.4% in the first quarter. Fort Pitt Capital Group LLC now owns 1,672 shares of the basic materials company’s stock worth $226,000 after buying an additional 7 shares during the last quarter. Compton Capital Management Inc. RI boosted its stake in shares of Air Products and Chemicals by 0.5% in the first quarter. Compton Capital Management Inc. RI now owns 1,700 shares of the basic materials company’s stock worth $230,000 after buying an additional 8 shares during the last quarter. Finally, Hudock Capital Group LLC boosted its stake in shares of Air Products and Chemicals by 0.4% in the first quarter. Hudock Capital Group LLC now owns 2,038 shares of the basic materials company’s stock worth $275,000 after buying an additional 9 shares during the last quarter. Hedge funds and other institutional investors own 88.75% of the company’s stock.

Shares of Air Products and Chemicals, Inc. (NYSE APD) traded up 0.15% during mid-day trading on Friday, hitting $145.76. The stock had a trading volume of 1,402,444 shares. The stock has a market cap of $31.77 billion, a P/E ratio of 10.95 and a beta of 1.25. Air Products and Chemicals, Inc. has a 52 week low of $129.00 and a 52 week high of $150.45. The stock has a 50-day moving average price of $145.17 and a 200 day moving average price of $141.94.

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, topping analysts’ consensus estimates of $1.59 by $0.06. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.92 EPS. On average, equities analysts forecast that Air Products and Chemicals, Inc. will post $6.23 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 10th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Friday, October 6th. Air Products and Chemicals’s dividend payout ratio is 28.51%.

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APD has been the subject of several analyst reports. Deutsche Bank AG raised Air Products and Chemicals from a “hold” rating to a “buy” rating and boosted their target price for the stock from $148.00 to $160.00 in a research note on Monday, May 1st. Zacks Investment Research downgraded Air Products and Chemicals from a “buy” rating to a “hold” rating in a report on Monday, May 1st. BidaskClub downgraded Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Jefferies Group LLC reissued 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, Credit Suisse Group reissued an “outperform” rating and issued a $158.00 target price (up from $153.00) on shares of Air Products and Chemicals in a report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $152.77.

About Air Products and Chemicals

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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