Winfield Associates Inc. cut its position in Air Products and Chemicals, Inc. (NYSE:APD) by 4.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,006 shares of the basic materials company’s stock after selling 200 shares during the period. Winfield Associates Inc.’s holdings in Air Products and Chemicals were worth $573,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. iAB Financial Bank acquired a new stake in Air Products and Chemicals during the first quarter worth approximately $100,000. Patten Group Inc. increased its stake in Air Products and Chemicals by 3.7% in the first quarter. Patten Group Inc. now owns 778 shares of the basic materials company’s stock worth $105,000 after buying an additional 28 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in Air Products and Chemicals during the first quarter worth approximately $109,000. 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. Finally, Webster Bank N. A. increased its stake in Air Products and Chemicals by 68.2% in the first quarter. Webster Bank N. A. now owns 851 shares of the basic materials company’s stock worth $115,000 after buying an additional 345 shares during the last quarter. Institutional investors and hedge funds own 88.92% of the company’s stock.

Shares of Air Products and Chemicals, Inc. (NYSE:APD) opened at 145.02 on Friday. The stock’s 50 day moving average is $144.80 and its 200-day moving average is $141.91. Air Products and Chemicals, Inc. has a 12-month low of $129.00 and a 12-month high of $150.45. The firm has a market cap of $31.61 billion, a price-to-earnings ratio of 10.89 and a beta of 1.25.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.06. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.92 EPS. On average, analysts anticipate that Air Products and Chemicals, Inc. will post $6.23 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Tuesday, October 10th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $3.80 annualized dividend and a yield of 2.62%. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 28.51%.

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APD has been the topic of a number of research reports. 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. Deutsche Bank AG upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and boosted their target price for the stock from $148.00 to $160.00 in a report on Monday, May 1st. Zacks Investment Research upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $152.00 target price on the stock in a report on Tuesday, April 18th. Vertical Research upgraded shares of 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. 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 Tuesday, May 2nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently 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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