10 15 Associates Inc. grew its stake in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 5.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,258 shares of the basic materials company’s stock after acquiring an additional 551 shares during the period. 10 15 Associates Inc.’s holdings in Air Products & Chemicals were worth $1,753,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Bruderman Asset Management LLC purchased a new stake in shares of Air Products & Chemicals during the first quarter worth $104,000. Mount Yale Investment Advisors LLC purchased a new stake in shares of Air Products & Chemicals in the first quarter worth $114,000. Private Capital Group LLC raised its position in shares of Air Products & Chemicals by 2,231.4% in the first quarter. Private Capital Group LLC now owns 816 shares of the basic materials company’s stock worth $130,000 after buying an additional 781 shares in the last quarter. IMS Capital Management purchased a new stake in shares of Air Products & Chemicals in the second quarter worth $146,000. Finally, Vigilant Capital Management LLC purchased a new stake in shares of Air Products & Chemicals in the second quarter worth $158,000. Hedge funds and other institutional investors own 87.00% of the company’s stock.

A number of brokerages recently issued reports on APD. BMO Capital Markets increased their price objective on Air Products & Chemicals from $197.00 to $202.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 14th. Deutsche Bank increased their price objective on Air Products & Chemicals from $190.00 to $192.00 and gave the stock a “buy” rating in a research report on Tuesday, August 14th. Susquehanna Bancshares increased their price objective on Air Products & Chemicals from $200.00 to $215.00 and gave the stock a “positive” rating in a research report on Wednesday, August 1st. Zacks Investment Research upgraded Air Products & Chemicals from a “sell” rating to a “hold” rating and set a $181.00 price objective on the stock in a research report on Monday, July 30th. Finally, Credit Suisse Group increased their price objective on Air Products & Chemicals from $182.00 to $188.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. Three equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $183.47.

APD opened at $166.61 on Monday. The firm has a market capitalization of $34.62 billion, a P/E ratio of 26.40, a PEG ratio of 1.31 and a beta of 1.09. The company has a current ratio of 2.40, a quick ratio of 2.24 and a debt-to-equity ratio of 0.35. Air Products & Chemicals, Inc. has a 52 week low of $143.79 and a 52 week high of $175.17.

Air Products & Chemicals (NYSE:APD) last released its earnings results on Thursday, July 26th. The basic materials company reported $1.95 EPS for the quarter, beating the Zacks’ consensus estimate of $1.84 by $0.11. The business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Air Products & Chemicals had a return on equity of 15.15% and a net margin of 17.13%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.65 earnings per share. sell-side analysts anticipate that Air Products & Chemicals, Inc. will post 7.45 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 12th. Investors of record on Monday, October 1st will be paid a $1.10 dividend. The ex-dividend date of this dividend is Friday, September 28th. This represents a $4.40 dividend on an annualized basis and a yield of 2.64%. Air Products & Chemicals’s dividend payout ratio is presently 69.73%.

Air Products & Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, electronics and performance materials, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including metals, glass, chemical processing, electronics, energy production and refining, food processing, metallurgical, medical, and general manufacturing.

See Also: Diversification

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

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