Cambridge Trust Co. decreased its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 0.7% during the second quarter, Holdings Channel reports. The firm owned 7,777 shares of the basic materials company’s stock after selling 58 shares during the period. Cambridge Trust Co.’s holdings in Air Products and Chemicals were worth $1,113,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in APD. Macquarie Group Ltd. boosted its stake in Air Products and Chemicals by 75.7% in the fourth quarter. Macquarie Group Ltd. now owns 71,055 shares of the basic materials company’s stock valued at $10,219,000 after buying an additional 30,605 shares during the period. Capstone Asset Management Co. boosted its stake in Air Products and Chemicals by 11.2% in the first quarter. Capstone Asset Management Co. now owns 25,945 shares of the basic materials company’s stock valued at $3,510,000 after buying an additional 2,616 shares during the period. Parametrica Management Ltd purchased a new stake in Air Products and Chemicals during the first quarter valued at about $204,000. Baldwin Brothers Inc. MA boosted its stake in Air Products and Chemicals by 5.3% in the first quarter. Baldwin Brothers Inc. MA now owns 1,363 shares of the basic materials company’s stock valued at $184,000 after buying an additional 68 shares during the period. Finally, Heritage Investors Management Corp boosted its stake in Air Products and Chemicals by 0.4% in the first quarter. Heritage Investors Management Corp now owns 63,078 shares of the basic materials company’s stock valued at $8,534,000 after buying an additional 231 shares during the period. 88.75% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals, Inc. (NYSE APD) opened at 146.64 on Tuesday. The firm has a 50-day moving average of $144.86 and a 200-day moving average of $141.80. The firm has a market capitalization of $31.96 billion, a price-to-earnings ratio of 11.02 and a beta of 1.25. Air Products and Chemicals, Inc. has a 1-year low of $129.00 and a 1-year high of $150.45.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Tuesday, August 1st. The basic materials company reported $1.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.06. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Air Products and Chemicals had a net margin of 34.63% and a return on equity of 17.23%. Air Products and Chemicals’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the company earned $1.92 EPS. On average, analysts expect 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 annualized dividend and a yield of 2.59%. Air Products and Chemicals’s payout ratio is 28.51%.

ILLEGAL ACTIVITY WARNING: “Air Products and Chemicals, Inc. (NYSE:APD) Stake Decreased by Cambridge Trust Co.” was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The legal version of this article can be read at https://www.watchlistnews.com/air-products-and-chemicals-inc-nyseapd-stake-decreased-by-cambridge-trust-co/1488986.html.

APD has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $152.00 price objective for the company in a research report on Tuesday, April 18th. Deutsche Bank AG raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and boosted their price target for the company from $148.00 to $160.00 in a research report on Monday, May 1st. Jefferies Group LLC reissued a “hold” rating and issued a $155.00 price target on shares of Air Products and Chemicals in a research report on Tuesday, May 2nd. BidaskClub cut shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $158.00 price target (up from $153.00) on shares of Air Products and Chemicals in a research report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $152.77.

About Air Products and Chemicals

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.

Want to see what other hedge funds are holding APD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Air Products and Chemicals, Inc. (NYSE:APD).

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

Receive News & Ratings for Air Products and Chemicals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Products and Chemicals Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.