HighTower Advisors LLC raised its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 2.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 182,937 shares of the basic materials company’s stock after buying an additional 4,981 shares during the period. HighTower Advisors LLC owned about 0.08% of Air Products and Chemicals worth $24,737,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the company. iAB Financial Bank purchased a new stake in shares of Air Products and Chemicals during the first quarter worth about $100,000. State of Alaska Department of Revenue purchased a new stake in shares of Air Products and Chemicals during the first quarter worth about $109,000. Guardian Life Insurance Co. of America boosted its stake in shares of 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. Webster Bank N. A. boosted its stake in shares of 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. Finally, Mosaic Family Wealth LLC boosted its stake in shares of Air Products and Chemicals by 3.7% in the first quarter. Mosaic Family Wealth LLC now owns 1,000 shares of the basic materials company’s stock worth $135,000 after buying an additional 36 shares during the last quarter. Institutional investors and hedge funds own 88.92% of the company’s stock.
Air Products and Chemicals (NYSE:APD) last posted its earnings results on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.06. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the company posted $1.92 earnings per share.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Tuesday, October 10th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.58%. Air Products and Chemicals’s payout ratio is currently 28.51%.
COPYRIGHT VIOLATION WARNING: This piece was reported by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this piece can be read at https://stocknewstimes.com/2017/08/07/air-products-and-chemicals-inc-apd-shares-bought-by-hightower-advisors-llc-updated-updated.html.
A number of equities analysts have issued reports on APD shares. Credit Suisse Group reissued an “outperform” rating and set a $158.00 price target (up from $153.00) on shares of Air Products and Chemicals in a research report on Wednesday, August 2nd. Deutsche Bank AG upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and upped their price objective for the stock from $148.00 to $160.00 in a research note on Monday, May 1st. Barclays PLC restated a “buy” rating and set a $170.00 price objective on shares of Air Products and Chemicals in a research note on Friday. BidaskClub downgraded Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Finally, Zacks Investment Research upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $152.00 price objective for the company in a research note on Tuesday, April 18th. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. Air Products and Chemicals currently has a consensus rating of “Hold” and a consensus price target of $153.85.
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.
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 MarketBeat.com's FREE daily email newsletter.
