Hall Laurie J Trustee maintained its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,550 shares of the basic materials company’s stock at the end of the 2nd quarter. Hall Laurie J Trustee’s holdings in Air Products and Chemicals were worth $1,366,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of APD. Waldron LP purchased a new stake in shares of Air Products and Chemicals during the first quarter worth $263,000. Mason Street Advisors LLC lifted its position in shares of Air Products and Chemicals by 1.1% during the first quarter. Mason Street Advisors LLC now owns 30,069 shares of the basic materials company’s stock worth $4,068,000 after acquiring an additional 333 shares in the last quarter. United Bank VA lifted its position in shares of Air Products and Chemicals by 37.2% during the first quarter. United Bank VA now owns 20,552 shares of the basic materials company’s stock worth $2,781,000 after acquiring an additional 5,577 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Air Products and Chemicals by 3.2% during the first quarter. Pacer Advisors Inc. now owns 4,219 shares of the basic materials company’s stock worth $571,000 after acquiring an additional 132 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Air Products and Chemicals by 0.6% during the first quarter. Nordea Investment Management AB now owns 9,379 shares of the basic materials company’s stock worth $1,269,000 after acquiring an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 87.87% of the company’s stock.

Air Products and Chemicals, Inc. (APD) traded up 0.08% on Friday, reaching $153.46. The company had a trading volume of 1,388,360 shares. Air Products and Chemicals, Inc. has a 12-month low of $129.00 and a 12-month high of $154.41. The stock’s 50 day moving average price is $149.84 and its 200-day moving average price is $144.77. The stock has a market capitalization of $33.45 billion, a PE ratio of 11.53 and a beta of 1.26.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results 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. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.92 EPS. Equities analysts expect that Air Products and Chemicals, Inc. will post $6.23 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Tuesday, October 10th will be issued a $0.95 dividend. The ex-dividend date is Friday, October 6th. This represents a $3.80 dividend on an annualized basis and a yield of 2.48%. Air Products and Chemicals’s dividend payout ratio is currently 28.51%.

Several equities research analysts have issued reports on the company. Deutsche Bank AG increased their target price on Air Products and Chemicals from $160.00 to $168.00 and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Jefferies Group LLC restated a “hold” rating and set a $155.00 target price on shares of Air Products and Chemicals in a research report on Thursday, September 28th. Barclays PLC restated a “buy” rating and set a $170.00 target price on shares of Air Products and Chemicals in a research report on Friday, August 4th. UBS AG upgraded Air Products and Chemicals from a “neutral” rating to a “positive” rating in a research report on Wednesday, September 13th. Finally, Vertical Research upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 target price on the stock in a research report on Monday, August 7th. Two analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. Air Products and Chemicals has an average rating of “Hold” and an average price target of $157.15.

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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.

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

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