Air Products and Chemicals, Inc. (APD) Shares Bought by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC boosted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 14,206.0% during the second quarter, Holdings Channel reports. The firm owned 178,825 shares of the basic materials company’s stock after buying an additional 177,575 shares during the period. Harbour Capital Advisors LLC’s holdings in Air Products and Chemicals were worth $1,250,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the stock. Reliance Trust Co. of Delaware boosted its stake in shares of Air Products and Chemicals by 13.5% in the first quarter. Reliance Trust Co. of Delaware now owns 6,204 shares of the basic materials company’s stock worth $840,000 after buying an additional 738 shares during the period. Peoples Financial Services CORP. boosted 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 worth $1,276,000 after buying an additional 33 shares during the period. Heritage Investors Management Corp boosted 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 worth $8,534,000 after buying an additional 231 shares during the period. Baldwin Brothers Inc. MA boosted 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 worth $184,000 after buying an additional 68 shares during the period. Finally, BLB&B Advisors LLC boosted 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 worth $799,000 after buying an additional 220 shares during the period. 88.92% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals, Inc. (APD) opened at 145.02 on Friday. The stock’s 50 day moving average price is $144.80 and its 200-day moving average price is $141.91. The stock has a market capitalization of $31.61 billion, a P/E ratio of 10.89 and a beta of 1.25. Air Products and Chemicals, Inc. has a 52 week low of $129.00 and a 52 week high of $150.45.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $2.06 billion. Air Products and Chemicals had a return on equity of 17.23% and a net margin of 34.63%. The business’s revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.92 earnings per share. Equities research analysts expect that Air Products and Chemicals, Inc. will post $6.23 earnings per share for the current 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 of this dividend 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 is presently 28.51%.

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APD has been the subject of a number of recent research reports. Deutsche Bank AG increased their price objective on Air Products and Chemicals from $160.00 to $168.00 and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Credit Suisse Group reaffirmed an “outperform” rating and set a $158.00 price objective (up from $153.00) on shares of Air Products and Chemicals in a research 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 price objective for the company in a research report on Monday. Barclays PLC reaffirmed a “buy” rating and set a $170.00 price objective on shares of Air Products and Chemicals in a research report on Friday, August 4th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $155.00 price objective on shares of Air Products and Chemicals in a research report on Friday, July 14th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. Air Products and Chemicals has a consensus 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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