McQueen Ball & Associates Inc. Buys 30 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

McQueen Ball & Associates Inc. boosted its position in Air Products and Chemicals, Inc. (NYSE:APD) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,786 shares of the basic materials company’s stock after buying an additional 30 shares during the period. McQueen Ball & Associates Inc.’s holdings in Air Products and Chemicals were worth $1,686,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 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 in the last quarter. First Eagle Investment Management LLC raised its position in shares of Air Products and Chemicals by 243.2% in the first quarter. First Eagle Investment Management LLC now owns 1,789,910 shares of the basic materials company’s stock worth $242,157,000 after buying an additional 1,268,305 shares in the last quarter. Vanguard Group Inc. raised its position in shares of 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 in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of 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 in the last quarter. Finally, Cibc World Markets Corp raised its position in shares of Air Products and Chemicals by 59.3% in the first quarter. Cibc World Markets Corp now owns 1,524,806 shares of the basic materials company’s stock worth $206,291,000 after buying an additional 567,786 shares in the last quarter. 88.92% of the stock is owned by hedge funds and other institutional investors.

Shares of Air Products and Chemicals, Inc. (APD) opened at 144.60 on Friday. The firm has a 50-day moving average of $144.81 and a 200 day moving average of $141.90. 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 capitalization of $31.52 billion, a price-to-earnings ratio of 10.86 and a beta of 1.25.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.06. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.06 billion. Air Products and Chemicals had a return on equity of 17.23% and a net margin of 34.63%. Air Products and Chemicals’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.92 EPS. On average, equities research analysts expect that Air Products and Chemicals, Inc. will post $6.23 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Tuesday, October 10th will be paid a dividend of $0.95 per share. The ex-dividend date is Friday, October 6th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.63%. Air Products and Chemicals’s dividend payout ratio is currently 28.51%.

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APD has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $152.00 target price on the stock in a research note on Tuesday, April 18th. Deutsche Bank AG raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and upped their target price for the company from $148.00 to $160.00 in a research note on Monday, May 1st. Jefferies Group LLC reaffirmed a “hold” rating and set a $155.00 price objective on shares of Air Products and Chemicals in a research note on Tuesday, May 2nd. BidaskClub cut shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note 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. The stock has an average rating of “Hold” and a consensus target price 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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