Mraz Amerine & Associates Inc. Has $545,000 Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Mraz Amerine & Associates Inc. held its position in Air Products and Chemicals, Inc. (NYSE:APD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,812 shares of the basic materials company’s stock at the end of the second quarter. Mraz Amerine & Associates Inc.’s holdings in Air Products and Chemicals were worth $545,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Air Products and Chemicals by 5.5% in the first quarter. Vanguard Group Inc. now owns 16,888,770 shares of the basic materials company’s stock worth $2,284,882,000 after buying an additional 887,369 shares during the period. BlackRock Inc. raised its position in Air Products and Chemicals by 1,973.1% in the first quarter. BlackRock Inc. now owns 14,149,340 shares of the basic materials company’s stock worth $1,914,263,000 after buying an additional 13,466,808 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its position in Air Products and Chemicals by 6.8% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,651,446 shares of the basic materials company’s stock worth $1,305,744,000 after buying an additional 611,672 shares during the period. Principal Financial Group Inc. raised its position in Air Products and Chemicals by 3.7% in the first quarter. Principal Financial Group Inc. now owns 3,121,508 shares of the basic materials company’s stock worth $422,309,000 after buying an additional 110,064 shares during the period. Finally, Janus Capital Management LLC raised its position in Air Products and Chemicals by 1.6% in the first quarter. Janus Capital Management LLC now owns 1,971,732 shares of the basic materials company’s stock worth $266,746,000 after buying an additional 30,164 shares during the period. Hedge funds and other institutional investors own 88.92% of the company’s stock.

Shares of Air Products and Chemicals, Inc. (NYSE APD) opened at 146.25 on Thursday. 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 $31.88 billion, a P/E ratio of 10.99 and a beta of 1.25. The firm 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 released 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. Air Products and Chemicals had a return on equity of 17.23% and a net margin of 34.63%. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the prior year, the business posted $1.92 earnings per share. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, equities research analysts expect that Air Products and Chemicals, Inc. will post $6.23 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 10th will be paid 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 2.60%. Air Products and Chemicals’s dividend payout ratio is currently 28.51%.

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A number of equities analysts recently weighed in on APD shares. Credit Suisse Group reiterated an “outperform” rating and issued a $158.00 price objective (up from $153.00) on shares of Air Products and Chemicals in a research report on Wednesday, August 2nd. Deutsche Bank AG upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and lifted their price objective for the company from $148.00 to $160.00 in a research report on Monday, May 1st. Barclays PLC reiterated a “buy” rating and issued a $170.00 price objective on shares of Air Products and Chemicals in a research report on Friday, August 4th. BidaskClub lowered shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Finally, Vertical Research upgraded 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 research report on Monday. Two equities research 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 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.

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

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