Air Products and Chemicals, Inc. (NYSE:APD) Shares Bought by IBM Retirement Fund

IBM Retirement Fund boosted its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 139.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,223 shares of the basic materials company’s stock after buying an additional 3,042 shares during the period. IBM Retirement Fund’s holdings in Air Products and Chemicals were worth $835,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the stock. Peoples Financial Services CORP. raised its stake in shares of Air Products and Chemicals by 0.4% in the first quarter. Peoples Financial Services CORP. now owns 9,433 shares of the basic materials company’s stock valued at $1,276,000 after buying an additional 33 shares during the period. Heritage Investors Management Corp raised its stake in shares of Air Products and Chemicals by 0.4% in the first quarter. Heritage Investors Management Corp now owns 63,078 shares of the basic materials company’s stock valued at $8,534,000 after buying an additional 231 shares during the period. Baldwin Brothers Inc. MA raised its stake in shares of Air Products and Chemicals by 5.3% in the first quarter. Baldwin Brothers Inc. MA now owns 1,363 shares of the basic materials company’s stock valued at $184,000 after buying an additional 68 shares during the period. BLB&B Advisors LLC raised its stake in shares of Air Products and Chemicals by 3.9% in the first quarter. BLB&B Advisors LLC now owns 5,905 shares of the basic materials company’s stock valued at $799,000 after buying an additional 220 shares during the period. Finally, Parametrica Management Ltd purchased a new stake in shares of Air Products and Chemicals during the first quarter valued at $204,000. Institutional investors and hedge funds own 88.92% of the company’s stock.

Shares of Air Products and Chemicals, Inc. (NYSE:APD) opened at 146.25 on Thursday. The company has a 50-day moving average price of $144.76 and a 200 day moving average price of $141.89. Air Products and Chemicals, Inc. has a 52 week low of $129.00 and a 52 week high of $150.45. The stock has a market capitalization of $31.88 billion, a P/E ratio of 10.99 and a beta of 1.25.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the previous year, the firm earned $1.92 earnings per share. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. Analysts forecast that Air Products and Chemicals, Inc. will post $6.23 earnings per share for the current fiscal year.

The firm 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 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 presently 28.51%.

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Several brokerages have recently weighed in on APD. Credit Suisse Group restated an “outperform” rating and issued a $158.00 price objective (up previously from $153.00) on shares of Air Products and Chemicals in a report on Wednesday, August 2nd. Deutsche Bank AG upped their target price on Air Products and Chemicals from $160.00 to $168.00 and gave the company a “hold” rating in a report on Wednesday, August 2nd. Vertical Research raised Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 target price for the company in a report on Monday. Barclays PLC reaffirmed a “buy” rating and set a $170.00 target price on shares of Air Products and Chemicals in a report on Friday, August 4th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $155.00 target price on shares of Air Products and Chemicals in a report on Friday, July 14th. 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. The company has an average rating of “Hold” and an average target price of $153.29.

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

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