Choate Investment Advisors continued to hold its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,118 shares of the basic materials company’s stock at the end of the 2nd quarter. Choate Investment Advisors’ holdings in Air Products and Chemicals were worth $303,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. BlueMountain Capital Management LLC acquired a new stake in shares of Air Products and Chemicals during the 2nd quarter valued at about $1,871,000. Amalgamated Bank lifted its holdings in shares of Air Products and Chemicals by 61.0% during the 2nd quarter. Amalgamated Bank now owns 24,207 shares of the basic materials company’s stock valued at $3,463,000 after buying an additional 9,175 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Air Products and Chemicals by 8.0% during the 2nd quarter. BlackRock Inc. now owns 15,281,219 shares of the basic materials company’s stock valued at $2,186,132,000 after buying an additional 1,131,879 shares during the last quarter. Richard C. Young & CO. LTD. lifted its holdings in shares of Air Products and Chemicals by 17.2% during the 2nd quarter. Richard C. Young & CO. LTD. now owns 12,810 shares of the basic materials company’s stock valued at $1,833,000 after buying an additional 1,877 shares during the last quarter. Finally, KCM Investment Advisors LLC lifted its holdings in shares of Air Products and Chemicals by 3.5% during the 2nd quarter. KCM Investment Advisors LLC now owns 49,642 shares of the basic materials company’s stock valued at $7,102,000 after buying an additional 1,663 shares during the last quarter. Institutional investors and hedge funds own 87.86% of the company’s stock.

Several brokerages have recently issued reports on APD. Deutsche Bank AG lifted their price target 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 reissued a “hold” rating and issued a $148.00 price objective (up from $146.00) on shares of Air Products and Chemicals in a research note on Tuesday, September 12th. UBS AG raised Air Products and Chemicals from a “neutral” rating to a “positive” rating in a research note on Wednesday, September 13th. Susquehanna Bancshares Inc raised Air Products and Chemicals from a “neutral” rating to a “positive” rating and raised their price objective for the company from $165.00 to $175.00 in a research note on Thursday. Finally, Barclays PLC reissued a “buy” rating and issued a $170.00 price objective on shares of Air Products and Chemicals in a research note on Friday, August 4th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $155.33.

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Air Products and Chemicals, Inc. (APD) opened at 150.32 on Monday. The firm has a 50-day moving average price of $146.29 and a 200 day moving average price of $142.78. Air Products and Chemicals, Inc. has a 12 month low of $129.00 and a 12 month high of $151.42. The company has a market capitalization of $32.76 billion, a P/E ratio of 11.29 and a beta of 1.25.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Tuesday, October 10th will be given a $0.95 dividend. 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 2.53%. Air Products and Chemicals’s payout ratio is 28.51%.

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.

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

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