Boston Financial Mangement LLC reduced its position in Air Products and Chemicals, Inc. (NYSE:APD) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 135,596 shares of the basic materials company’s stock after selling 102 shares during the period. Air Products and Chemicals accounts for 1.4% of Boston Financial Mangement LLC’s portfolio, making the stock its 10th largest position. Boston Financial Mangement LLC’s holdings in Air Products and Chemicals were worth $19,398,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Bancorpsouth Inc. raised its stake in shares of Air Products and Chemicals by 4.1% in the first quarter. Bancorpsouth Inc. now owns 17,154 shares of the basic materials company’s stock worth $2,321,000 after buying an additional 683 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Air Products and Chemicals by 5.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 660,649 shares of the basic materials company’s stock worth $89,380,000 after buying an additional 32,456 shares during the period. Richard C. Young & CO. LTD. raised its stake in shares of Air Products and Chemicals by 40.6% in the first quarter. Richard C. Young & CO. LTD. now owns 10,933 shares of the basic materials company’s stock worth $1,479,000 after buying an additional 3,156 shares during the period. World Asset Management Inc raised its stake in shares of Air Products and Chemicals by 15.3% in the first quarter. World Asset Management Inc now owns 25,607 shares of the basic materials company’s stock worth $3,464,000 after buying an additional 3,390 shares during the period. Finally, Engineers Gate Manager LP purchased a new stake in shares of Air Products and Chemicals during the first quarter worth about $419,000. 88.92% of the stock is currently owned by institutional investors and hedge funds.

Shares of Air Products and Chemicals, Inc. (NYSE APD) opened at 146.25 on Thursday. The stock’s 50 day moving average is $144.76 and its 200-day moving average is $141.89. The company has a market cap of $31.88 billion, a price-to-earnings ratio of 10.99 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.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Tuesday, October 10th will be issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Friday, October 6th. Air Products and Chemicals’s payout ratio is 28.51%.

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APD has been the topic of a number of recent analyst reports. Deutsche Bank AG raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and raised their price target for the stock from $148.00 to $160.00 in a report on Monday, May 1st. Zacks Investment Research raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $152.00 price target on the stock in a report on Tuesday, April 18th. Vertical Research raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 price target on the stock in a report on Monday. Credit Suisse Group reissued an “outperform” rating and issued a $158.00 price target (up previously from $153.00) on shares of Air Products and Chemicals in a report on Wednesday, August 2nd. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $155.00 price target on shares of Air Products and Chemicals in a report on Friday, July 14th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $153.29.

Air Products and Chemicals Company 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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