First Allied Advisory Services Inc. increased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 19.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,390 shares of the basic materials company’s stock after buying an additional 392 shares during the period. First Allied Advisory Services Inc.’s holdings in Air Products and Chemicals were worth $342,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Guardian Life Insurance Co. of America increased its stake in Air Products and Chemicals by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 838 shares of the basic materials company’s stock worth $113,000 after buying an additional 6 shares during the period. Sullivan Bruyette Speros & Blaney LLC increased its stake in Air Products and Chemicals by 0.4% during the 1st quarter. Sullivan Bruyette Speros & Blaney LLC now owns 1,764 shares of the basic materials company’s stock worth $239,000 after buying an additional 7 shares during the period. Fort Pitt Capital Group LLC increased its stake in Air Products and Chemicals by 0.4% during the 1st quarter. Fort Pitt Capital Group LLC now owns 1,672 shares of the basic materials company’s stock worth $226,000 after buying an additional 7 shares during the period. Oakworth Capital Inc. increased its stake in Air Products and Chemicals by 0.7% during the 2nd quarter. Oakworth Capital Inc. now owns 1,027 shares of the basic materials company’s stock worth $147,000 after buying an additional 7 shares during the period. Finally, Compton Capital Management Inc. RI increased its stake in Air Products and Chemicals by 0.5% during the 1st quarter. Compton Capital Management Inc. RI now owns 1,700 shares of the basic materials company’s stock worth $230,000 after buying an additional 8 shares during the period. 87.87% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently issued reports on the stock. Barclays PLC reaffirmed a “buy” rating and set a $170.00 price target on shares of Air Products and Chemicals in a research note on Friday, August 4th. UBS AG raised shares of Air Products and Chemicals from a “neutral” rating to a “positive” rating in a research report on Wednesday, September 13th. Jefferies Group LLC reissued a “hold” rating and issued a $155.00 target price on shares of Air Products and Chemicals in a research report on Thursday, September 28th. Argus boosted their target price on shares of Air Products and Chemicals from $159.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, August 28th. Finally, Vertical Research raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 target price for the company in a research report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $157.15.

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Shares of Air Products and Chemicals, Inc. (NYSE:APD) opened at 153.30 on Friday. The company’s 50 day moving average is $148.63 and its 200-day moving average is $144.11. Air Products and Chemicals, Inc. has a 12 month low of $129.00 and a 12 month high of $153.57. The company has a market cap of $33.41 billion, a P/E ratio of 11.52 and a beta of 1.26.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the prior year, the company posted $1.92 EPS. The business’s revenue was up 10.8% on a year-over-year basis. Analysts expect that Air Products and Chemicals, Inc. will post $6.23 EPS for the current fiscal 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 paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Friday, October 6th. Air Products and Chemicals’s dividend payout ratio is 28.51%.

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.

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

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