State of Alaska Department of Revenue raised its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 25.9% during the second quarter, Holdings Channel reports. The institutional investor owned 1,020 shares of the basic materials company’s stock after buying an additional 210 shares during the period. State of Alaska Department of Revenue’s holdings in Air Products and Chemicals were worth $145,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of APD. Peoples Financial Services CORP. increased its position in shares of Air Products and Chemicals by 0.4% in the first quarter. Peoples Financial Services CORP. now owns 9,433 shares of the basic materials company’s stock worth $1,276,000 after buying an additional 33 shares in the last quarter. Heritage Investors Management Corp increased its position in shares of 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 worth $8,534,000 after buying an additional 231 shares in the last quarter. Baldwin Brothers Inc. MA increased its position in shares of 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 worth $184,000 after buying an additional 68 shares in the last quarter. BLB&B Advisors LLC increased its position in shares of Air Products and Chemicals by 3.9% in the first quarter. BLB&B Advisors LLC now owns 5,905 shares of the basic materials company’s stock worth $799,000 after buying an additional 220 shares in the last quarter. Finally, Parametrica Management Ltd acquired a new position in shares of Air Products and Chemicals during the first quarter worth $204,000. Institutional investors own 88.92% of the company’s stock.

Air Products and Chemicals, Inc. (NYSE APD) traded down 0.60% during trading on Thursday, reaching $145.37. The company had a trading volume of 301,455 shares. Air Products and Chemicals, Inc. has a 52-week low of $129.00 and a 52-week high of $150.45. The company has a market capitalization of $31.68 billion, a PE ratio of 10.92 and a beta of 1.25. The company has a 50 day moving average price of $144.76 and a 200 day moving average price of $141.89.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.06. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.06 billion. Air Products and Chemicals had a return on equity of 17.23% and a net margin of 34.63%. The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.92 EPS. On average, equities analysts forecast that Air Products and Chemicals, Inc. will post $6.23 EPS 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 given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Friday, October 6th. Air Products and Chemicals’s dividend payout ratio (DPR) is 28.51%.

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A number of brokerages have recently weighed in on APD. Deutsche Bank AG upped their target price on Air Products and Chemicals from $160.00 to $168.00 and gave the company a “hold” rating in a report on Wednesday, August 2nd. Credit Suisse Group reiterated an “outperform” rating and issued a $158.00 target price (up previously from $153.00) on shares of Air Products and Chemicals in a report on Wednesday, August 2nd. 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 report on Monday. Barclays PLC reiterated a “buy” rating and issued a $170.00 target price on shares of Air Products and Chemicals in a report on Friday, August 4th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $155.00 target price on shares of Air Products and Chemicals in a report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $153.29.

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.

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

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