Capital Innovations LLC Has $517,000 Stake in Air Products and Chemicals, Inc. (APD)

Capital Innovations LLC raised its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 60.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,615 shares of the basic materials company’s stock after purchasing an additional 1,360 shares during the quarter. Air Products and Chemicals accounts for about 2.0% of Capital Innovations LLC’s portfolio, making the stock its 18th biggest position. Capital Innovations LLC’s holdings in Air Products and Chemicals were worth $517,000 as of its most recent filing with the Securities & Exchange Commission.

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

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Shares of Air Products and Chemicals, Inc. (NYSE:APD) traded up 0.10% during trading on Tuesday, reaching $152.89. The company’s stock had a trading volume of 233,360 shares. The firm’s 50-day moving average price is $148.83 and its 200-day moving average price is $144.34. The company has a market capitalization of $33.32 billion, a price-to-earnings ratio of 11.49 and a beta of 1.26. Air Products and Chemicals, Inc. has a one year low of $129.00 and a one year high of $153.57.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.06. The business 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%. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.92 EPS. On average, equities analysts anticipate that Air Products and Chemicals, Inc. will post $6.23 earnings per share for the current year.

The business 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. The ex-dividend date of this dividend is Friday, October 6th. This represents a $3.80 dividend on an annualized basis and a yield of 2.49%. Air Products and Chemicals’s dividend payout ratio is presently 28.51%.

APD has been the subject of several recent analyst reports. KeyCorp reaffirmed a “buy” rating and issued a $161.00 target price on shares of Air Products and Chemicals in a report on Friday, September 8th. Deutsche Bank AG upped their target price on Air Products and Chemicals from $160.00 to $168.00 and gave the company a “hold” rating in a report on Wednesday, August 2nd. Vertical Research reaffirmed a “hold” rating and issued a $148.00 target price (up from $146.00) on shares of Air Products and Chemicals in a report on Tuesday, September 12th. Susquehanna Bancshares Inc raised Air Products and Chemicals from a “neutral” rating to a “positive” rating and upped their target price for the company from $165.00 to $175.00 in a report on Thursday, September 14th. Finally, Credit Suisse Group reaffirmed 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, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Air Products and Chemicals currently 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.

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

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