Air Products and Chemicals, Inc. (APD) Shares Bought by Armstrong Henry H Associates Inc.

Armstrong Henry H Associates Inc. increased its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 28.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 23,675 shares of the basic materials company’s stock after buying an additional 5,260 shares during the period. Air Products and Chemicals accounts for about 0.6% of Armstrong Henry H Associates Inc.’s investment portfolio, making the stock its 14th largest position. Armstrong Henry H Associates Inc.’s holdings in Air Products and Chemicals were worth $3,387,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Guardian Life Insurance Co. of America boosted its stake in shares of 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 valued at $113,000 after buying an additional 6 shares in the last quarter. Sullivan Bruyette Speros & Blaney LLC boosted its stake in shares of 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 valued at $239,000 after buying an additional 7 shares in the last quarter. Fort Pitt Capital Group LLC boosted its stake in shares of 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 valued at $226,000 after buying an additional 7 shares in the last quarter. Compton Capital Management Inc. RI boosted its stake in shares of 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 valued at $230,000 after buying an additional 8 shares in the last quarter. Finally, Hudock Capital Group LLC boosted its stake in shares of Air Products and Chemicals by 0.4% in the first quarter. Hudock Capital Group LLC now owns 2,038 shares of the basic materials company’s stock valued at $275,000 after buying an additional 9 shares in the last quarter. Hedge funds and other institutional investors own 88.75% of the company’s stock.

Shares of Air Products and Chemicals, Inc. (NYSE APD) traded up 0.15% during mid-day trading on Friday, hitting $145.76. 1,402,444 shares of the stock were exchanged. The company has a 50-day moving average price of $145.17 and a 200-day moving average price of $141.94. Air Products and Chemicals, Inc. has a 12 month low of $129.00 and a 12 month high of $150.45. The stock has a market cap of $31.77 billion, a price-to-earnings ratio of 10.95 and a beta of 1.25.

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 for the quarter, topping analysts’ consensus estimates of $1.59 by $0.06. The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Air Products and Chemicals had a return on equity of 17.23% and a net margin of 34.63%. The company’s revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.92 EPS. Equities analysts expect that Air Products and Chemicals, Inc. will post $6.23 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Tuesday, October 10th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date is Friday, October 6th. Air Products and Chemicals’s dividend payout ratio is presently 28.51%.

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APD has been the topic of several research reports. Deutsche Bank AG upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and boosted their price target for the stock from $148.00 to $160.00 in a research report on Monday, May 1st. Zacks Investment Research cut shares of Air Products and Chemicals from a “buy” rating to a “hold” rating in a research report on Monday, May 1st. Jefferies Group LLC restated a “hold” rating and issued a $155.00 price target on shares of Air Products and Chemicals in a research report on Tuesday, May 2nd. BidaskClub cut shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Finally, 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 note on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. Air Products and Chemicals presently has an average rating of “Hold” and an average price target 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.

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

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