Comerica Bank increased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 126,624 shares of the basic materials company’s stock after buying an additional 304 shares during the period. Comerica Bank owned about 0.06% of Air Products and Chemicals worth $18,353,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in APD. 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 in the last quarter. Sullivan Bruyette Speros & Blaney LLC increased its stake in Air Products and Chemicals by 0.4% in the first quarter. Sullivan Bruyette Speros & Blaney LLC now owns 1,764 shares of the basic materials company’s stock worth $239,000 after buying an additional 7 shares in the last quarter. Fort Pitt Capital Group LLC increased its stake in Air Products and Chemicals by 0.4% in the first quarter. Fort Pitt Capital Group LLC now owns 1,672 shares of the basic materials company’s stock worth $226,000 after buying an additional 7 shares in the last quarter. Oakworth Capital Inc. increased its stake in Air Products and Chemicals by 0.7% in the second quarter. Oakworth Capital Inc. now owns 1,027 shares of the basic materials company’s stock worth $147,000 after buying an additional 7 shares in the last quarter. Finally, Compton Capital Management Inc. RI increased its stake in Air Products and Chemicals by 0.5% in the first quarter. Compton Capital Management Inc. RI now owns 1,700 shares of the basic materials company’s stock worth $230,000 after buying an additional 8 shares in the last quarter. 88.75% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Air Products and Chemicals, Inc. (NYSE:APD) opened at 145.15 on Tuesday. The firm has a 50 day moving average of $145.23 and a 200 day moving average of $142.02. Air Products and Chemicals, Inc. has a one year low of $129.00 and a one year high of $150.45. The stock has a market cap of $31.64 billion, a P/E ratio of 10.90 and a beta of 1.25.
Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data 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. Air Products and Chemicals had a net margin of 34.63% and a return on equity of 17.23%. The company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same quarter last year, the firm posted $1.92 EPS. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, equities research analysts predict that Air Products and Chemicals, Inc. will post $6.23 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Tuesday, October 10th will be given a dividend of $0.95 per share. The ex-dividend date is Friday, October 6th. This represents a $3.80 annualized dividend and a dividend yield of 2.62%. Air Products and Chemicals’s dividend payout ratio (DPR) is 28.51%.
A number of analysts recently commented on the stock. Barclays PLC reissued a “buy” rating and set a $170.00 price objective on shares of Air Products and Chemicals in a report on Friday, August 4th. Jefferies Group LLC reissued a “hold” rating and set a $155.00 price objective on shares of Air Products and Chemicals in a report on Tuesday, May 2nd. Vertical Research raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 price objective on the stock in a report on Monday, August 7th. BidaskClub downgraded shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Finally, Zacks Investment Research downgraded shares of Air Products and Chemicals from a “buy” rating to a “hold” rating in a report on Monday, May 1st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price 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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