Air Products and Chemicals, Inc. (NYSE:APD) Position Boosted by Bollard Group LLC

Bollard Group LLC boosted its position in Air Products and Chemicals, Inc. (NYSE:APD) by 0.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 2,115 shares of the basic materials company’s stock after buying an additional 13 shares during the period. Bollard Group LLC’s holdings in Air Products and Chemicals were worth $303,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Quadrature Capital Ltd purchased a new stake in Air Products and Chemicals during the fourth quarter worth $206,000. Teachers Advisors LLC boosted its stake in Air Products and Chemicals by 14.9% in the fourth quarter. Teachers Advisors LLC now owns 362,756 shares of the basic materials company’s stock worth $52,172,000 after buying an additional 46,979 shares during the period. Kentucky Retirement Systems purchased a new stake in Air Products and Chemicals during the fourth quarter worth $2,269,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Air Products and Chemicals during the fourth quarter worth $1,012,000. Finally, Highbridge Capital Management LLC boosted its stake in Air Products and Chemicals by 1,233.3% in the fourth quarter. Highbridge Capital Management LLC now owns 20,000 shares of the basic materials company’s stock worth $2,876,000 after buying an additional 18,500 shares during the period. 88.92% of the stock is currently owned by institutional investors and hedge funds.

Shares of Air Products and Chemicals, Inc. (APD) traded down 1.06% during trading on Tuesday, hitting $145.74. 597,050 shares of the stock traded hands. Air Products and Chemicals, Inc. has a 1-year low of $129.00 and a 1-year high of $150.45. The company has a market cap of $31.77 billion, a PE ratio of 10.95 and a beta of 1.25. The company has a 50 day moving average of $144.52 and a 200-day moving average of $141.78.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.06. The business 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%. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.92 EPS. On average, equities analysts anticipate that Air Products and Chemicals, Inc. will post $6.22 EPS for the current fiscal year.

The company also recently disclosed 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 2.58%. Air Products and Chemicals’s dividend payout ratio is currently 28.51%.

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APD has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $152.00 price objective on the stock in a report on Tuesday, April 18th. Deutsche Bank AG raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and increased their price objective for the stock from $148.00 to $160.00 in a report on Monday, May 1st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $155.00 price objective on shares of Air Products and Chemicals in a report on Tuesday, May 2nd. BidaskClub cut shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Finally, Credit Suisse Group reissued an “outperform” rating and set a $158.00 target price (up previously from $153.00) on shares of Air Products and Chemicals in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. Air Products and Chemicals presently has an average rating of “Hold” and an average target price 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.

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

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