Hanson & Doremus Investment Management raised its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 8.8% during the second quarter, Holdings Channel reports. The fund owned 931 shares of the basic materials company’s stock after buying an additional 75 shares during the period. Hanson & Doremus Investment Management’s holdings in Air Products and Chemicals were worth $133,000 at the end of the most recent quarter.

A number of other large investors have also 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% in the first 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 last quarter. Sullivan Bruyette Speros & Blaney LLC increased its stake in Air Products and Chemicals by 0.4% in the first 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 last quarter. Fort Pitt Capital Group LLC increased its stake in Air Products and Chemicals by 0.4% in the first 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 last quarter. Compton Capital Management Inc. RI increased its stake in Air Products and Chemicals by 0.5% in the first 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 last quarter. Finally, Hudock Capital Group LLC increased its stake in Air Products and Chemicals by 0.4% in the first quarter. Hudock Capital Group LLC now owns 2,038 shares of the basic materials company’s stock worth $275,000 after buying an additional 9 shares during the last quarter. 88.92% of the stock is currently owned by institutional investors.

Shares of Air Products and Chemicals, Inc. (APD) opened at 146.25 on Thursday. Air Products and Chemicals, Inc. has a 52 week low of $129.00 and a 52 week high of $150.45. The stock has a 50 day moving average of $144.76 and a 200 day moving average of $141.89. The stock has a market cap of $31.88 billion, a P/E ratio of 10.99 and a beta of 1.25.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $1.65 EPS for the quarter, topping 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 business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the previous year, the firm earned $1.92 EPS. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. 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 declared a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Tuesday, October 10th will be issued a dividend of $0.95 per share. The ex-dividend date is Friday, October 6th. This represents a $3.80 annualized dividend and a dividend yield of 2.60%. Air Products and Chemicals’s dividend payout ratio is presently 28.51%.

TRADEMARK VIOLATION NOTICE: This story was originally published by Watch List News and is owned by of Watch List News. If you are viewing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright law. The original version of this story can be viewed at https://www.watchlistnews.com/hanson-doremus-investment-management-acquires-75-shares-of-air-products-and-chemicals-inc-nyseapd/1467077.html.

A number of research firms recently issued reports on APD. 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. Jefferies Group LLC reaffirmed a “hold” rating and set a $155.00 price target on shares of Air Products and Chemicals in a research note on Tuesday, May 2nd. 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 research note on Monday. Credit Suisse Group reaffirmed an “outperform” rating and set a $158.00 price target (up previously from $153.00) on shares of Air Products and Chemicals in a research note on Wednesday, August 2nd. Finally, BidaskClub downgraded shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Two investment 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. Air Products and Chemicals presently has a consensus rating of “Hold” and an average price target of $153.29.

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.