Raymond James Trust N.A. Boosts Stake in Air Products and Chemicals, Inc. (APD)

Raymond James Trust N.A. grew its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 7.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,865 shares of the basic materials company’s stock after buying an additional 984 shares during the quarter. Raymond James Trust N.A.’s holdings in Air Products and Chemicals were worth $2,127,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Guardian Life Insurance Co. of America raised its position in shares of Air Products and Chemicals by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 838 shares of the basic materials company’s stock valued at $113,000 after buying an additional 6 shares in the last quarter. Sullivan Bruyette Speros & Blaney LLC raised its position in shares of Air Products and Chemicals by 0.4% during the 1st quarter. Sullivan Bruyette Speros & Blaney LLC now owns 1,764 shares of the basic materials company’s stock valued at $239,000 after buying an additional 7 shares in the last quarter. Fort Pitt Capital Group LLC raised its position in shares of Air Products and Chemicals by 0.4% during the 1st quarter. Fort Pitt Capital Group LLC now owns 1,672 shares of the basic materials company’s stock valued at $226,000 after buying an additional 7 shares in the last quarter. Oakworth Capital Inc. raised its position in shares of Air Products and Chemicals by 0.7% during the 2nd quarter. Oakworth Capital Inc. now owns 1,027 shares of the basic materials company’s stock valued at $147,000 after buying an additional 7 shares in the last quarter. Finally, Compton Capital Management Inc. RI raised its position in shares of Air Products and Chemicals by 0.5% during the 1st quarter. Compton Capital Management Inc. RI now owns 1,700 shares of the basic materials company’s stock valued at $230,000 after buying an additional 8 shares in the last quarter. Hedge funds and other institutional investors own 88.08% of the company’s stock.

Several analysts have recently weighed in on APD shares. KeyCorp restated a “buy” rating and set a $161.00 price objective on shares of Air Products and Chemicals in a research report on Friday. Deutsche Bank AG increased their target price on shares of Air Products and Chemicals from $160.00 to $168.00 and gave the company a “hold” rating in a report on Wednesday, August 2nd. Credit Suisse Group reaffirmed an “outperform” rating and set a $158.00 target price (up previously from $153.00) on shares of Air Products and Chemicals in a report on Wednesday, August 2nd. 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. Finally, BidaskClub lowered shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $153.93.

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Shares of Air Products and Chemicals, Inc. (NYSE:APD) traded up 0.36% on Tuesday, reaching $149.72. 611,311 shares of the company’s stock traded hands. Air Products and Chemicals, Inc. has a 12-month low of $129.00 and a 12-month high of $151.42. The stock has a 50-day moving average price of $145.58 and a 200-day moving average price of $142.49. The company has a market cap of $32.63 billion, a PE ratio of 11.25 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, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.06. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates 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 revenue was up 10.8% on a year-over-year basis. During the same period last year, the firm posted $1.92 EPS. Equities research analysts anticipate that Air Products and Chemicals, Inc. will post $6.23 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 10th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Friday, October 6th. Air Products and Chemicals’s payout ratio is currently 28.51%.

Air Products and Chemicals 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.

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

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