Ironwood Investment Management LLC boosted its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 0.7% during the second quarter, Holdings Channel reports. The institutional investor owned 2,625 shares of the basic materials company’s stock after buying an additional 19 shares during the period. Ironwood Investment Management LLC’s holdings in Air Products and Chemicals were worth $376,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Bessemer Group Inc. raised its position in shares of Air Products and Chemicals by 2.2% in the second quarter. Bessemer Group Inc. now owns 2,963 shares of the basic materials company’s stock valued at $424,000 after buying an additional 63 shares in the last quarter. Grandfield & Dodd LLC raised its position in shares of Air Products and Chemicals by 0.3% in the second quarter. Grandfield & Dodd LLC now owns 92,181 shares of the basic materials company’s stock valued at $13,187,000 after buying an additional 280 shares in the last quarter. CAPROCK Group Inc. raised its position in shares of Air Products and Chemicals by 5.7% in the second quarter. CAPROCK Group Inc. now owns 2,792 shares of the basic materials company’s stock valued at $402,000 after buying an additional 150 shares in the last quarter. Harbour Capital Advisors LLC raised its position in shares of Air Products and Chemicals by 14,206.0% in the second quarter. Harbour Capital Advisors LLC now owns 178,825 shares of the basic materials company’s stock valued at $1,250,000 after buying an additional 177,575 shares in the last quarter. Finally, IBM Retirement Fund raised its position in shares of Air Products and Chemicals by 139.5% in the second quarter. IBM Retirement Fund now owns 5,223 shares of the basic materials company’s stock valued at $835,000 after buying an additional 3,042 shares in the last quarter. 88.92% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals, Inc. (NYSE APD) opened at 144.60 on Friday. The company has a market capitalization of $31.52 billion, a P/E ratio of 10.86 and a beta of 1.25. Air Products and Chemicals, Inc. has a one year low of $129.00 and a one year high of $150.45. The stock’s 50 day moving average price is $144.81 and its 200 day moving average price is $141.90.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 10th will be paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date is Friday, October 6th. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 28.51%.

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Several brokerages have commented on APD. Vertical Research raised Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 price objective for the company in a research report on Monday, August 7th. Barclays PLC reissued a “buy” rating and set a $170.00 price objective on shares of Air Products and Chemicals in a research report on Friday, August 4th. Deutsche Bank AG raised their price objective on Air Products and Chemicals from $160.00 to $168.00 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Credit Suisse Group reissued an “outperform” rating and set a $158.00 price objective (up previously from $153.00) on shares of Air Products and Chemicals in a research report on Wednesday, August 2nd. Finally, Jefferies Group LLC reissued a “hold” rating and set a $155.00 price objective on shares of Air Products and Chemicals in a research report on Friday, July 14th. 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 stock. Air Products and Chemicals currently has an average rating of “Hold” and a consensus 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.

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

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