Cordasco Financial Network continued to hold its stake in shares of Air Products and Chemicals Inc. (NYSE:APD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,825 shares of the company’s stock at the end of the second quarter. Air Products and Chemicals makes up 1.4% of Cordasco Financial Network’s portfolio, making the stock its 12th largest position. Cordasco Financial Network’s holdings in Air Products and Chemicals were worth $1,254,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of APD. Dearborn Partners LLC raised its position in Air Products and Chemicals by 3.8% in the second quarter. Dearborn Partners LLC now owns 106,743 shares of the company’s stock worth $15,162,000 after buying an additional 3,873 shares during the period. Natixis raised its position in Air Products and Chemicals by 2,829.0% in the first quarter. Natixis now owns 960,396 shares of the company’s stock worth $138,345,000 after buying an additional 927,607 shares during the period. Orbis Allan Gray Ltd purchased a new position in Air Products and Chemicals during the first quarter worth approximately $198,943,000. LPL Financial LLC raised its position in Air Products and Chemicals by 14.0% in the first quarter. LPL Financial LLC now owns 10,431 shares of the company’s stock worth $1,488,000 after buying an additional 1,277 shares during the period. Finally, AMP Capital Investors Ltd raised its position in Air Products and Chemicals by 0.7% in the first quarter. AMP Capital Investors Ltd now owns 54,322 shares of the company’s stock worth $7,889,000 after buying an additional 400 shares during the period. 88.59% of the stock is currently owned by institutional investors and hedge funds.

Shares of Air Products and Chemicals Inc. (NYSE:APD) traded up 0.69% during trading on Monday, hitting $146.80. 1,277,179 shares of the stock traded hands. The firm’s 50-day moving average price is $152.07 and its 200-day moving average price is $145.75. The stock has a market cap of $31.79 billion, a PE ratio of 54.92 and a beta of 1.19. Air Products and Chemicals Inc. has a 12 month low of $114.64 and a 12 month high of $157.84.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, July 28th. The company reported $1.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.02. The firm had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.41 billion. Air Products and Chemicals had a net margin of 6.12% and a return on equity of 22.00%. The company’s revenue was down 1.4% on a year-over-year basis. During the same period last year, the firm earned $1.65 EPS. Analysts anticipate that Air Products and Chemicals Inc. will post $7.51 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 14th. Shareholders of record on Monday, October 3rd will be issued a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 2.34%. Air Products and Chemicals’s dividend payout ratio is currently 128.84%.

A number of research firms have recently commented on APD. Credit Suisse Group AG set a $163.00 price target on shares of Air Products and Chemicals and gave the company a “buy” rating in a research report on Monday, September 12th. JPMorgan Chase & Co. upgraded shares of Air Products and Chemicals from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $140.00 to $160.00 in a research report on Friday, August 12th. Zacks Investment Research lowered shares of Air Products and Chemicals from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Jefferies Group restated a “hold” rating and set a $155.00 price target on shares of Air Products and Chemicals in a research report on Friday, July 29th. Finally, Citigroup Inc. reduced their price target on shares of Air Products and Chemicals from $157.00 to $156.00 and set a “neutral” rating for the company in a research report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. Air Products and Chemicals has a consensus rating of “Hold” and an average price target of $152.79.

In other Air Products and Chemicals news, VP Guillermo Novo sold 2,447 shares of Air Products and Chemicals stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $148.94, for a total value of $364,456.18. Following the sale, the vice president now directly owns 12,805 shares in the company, valued at approximately $1,907,176.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP John D. Stanley sold 17,247 shares of Air Products and Chemicals stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $155.39, for a total transaction of $2,680,011.33. Following the completion of the sale, the senior vice president now owns 36,129 shares in the company, valued at $5,614,085.31. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by company insiders.

About Air Products and Chemicals

Air Products and Chemicals Inc is an industrial gases company, which offers atmospheric gases, process and specialty gases, electronics and performance materials, equipment and services. The Company’s segments include Industrial Gases–Americas; Industrial Gases – EMEA (Europe, Middle East, and Africa); Industrial Gases–Asia; Industrial Gases–Global; Materials Technologies; Energy-from-Waste, and Corporate and other.

5 Day Chart for NYSE:APD

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