Pittenger & Anderson Inc. Has $2.84 Million Position in Air Products and Chemicals, Inc. (APD)

Pittenger & Anderson Inc. lowered its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 0.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,845 shares of the basic materials company’s stock after selling 135 shares during the period. Pittenger & Anderson Inc.’s holdings in Air Products and Chemicals were worth $2,839,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Guardian Life Insurance Co. of America raised its holdings 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 worth $113,000 after buying an additional 6 shares during the last quarter. Sullivan Bruyette Speros & Blaney LLC raised its holdings 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 worth $239,000 after buying an additional 7 shares during the last quarter. Fort Pitt Capital Group LLC raised its holdings 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 worth $226,000 after buying an additional 7 shares during the last quarter. Oakworth Capital Inc. raised its holdings in shares of Air Products and Chemicals by 0.7% in the second quarter. Oakworth Capital Inc. now owns 1,027 shares of the basic materials company’s stock worth $147,000 after buying an additional 7 shares during the last quarter. Finally, Compton Capital Management Inc. RI raised its holdings 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 worth $230,000 after buying an additional 8 shares during the last quarter. 88.08% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals, Inc. (APD) traded up 0.030% during trading on Friday, reaching $150.115. 1,245,658 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $146.10 and its 200-day moving average price is $142.70. The stock has a market cap of $32.72 billion, a P/E ratio of 11.278 and a beta of 1.25. Air Products and Chemicals, Inc. has a one year low of $129.00 and a one year high of $151.42.

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 for the quarter, beating analysts’ consensus estimates of $1.59 by $0.06. Air Products and Chemicals had a net margin of 34.63% and a return on equity of 17.23%. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the previous year, the business earned $1.92 earnings per share. The company’s revenue was up 10.8% on a year-over-year basis. On average, equities analysts anticipate that Air Products and Chemicals, Inc. will post $6.23 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Investors 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 yield of 2.53%. The ex-dividend date of this dividend is Friday, October 6th. Air Products and Chemicals’s payout ratio is currently 28.51%.

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A number of research firms have recently weighed in on APD. Deutsche Bank AG increased their price objective on shares of Air Products and Chemicals from $160.00 to $168.00 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Vertical Research reiterated a “hold” rating and issued a $148.00 price objective (up previously from $146.00) on shares of Air Products and Chemicals in a research note on Tuesday. UBS AG upgraded shares of Air Products and Chemicals from a “neutral” rating to a “positive” rating in a research note on Wednesday. KeyCorp reiterated a “buy” rating and issued a $161.00 price objective on shares of Air Products and Chemicals in a research note on Friday, September 8th. Finally, Susquehanna Bancshares Inc upgraded shares of Air Products and Chemicals from a “neutral” rating to a “positive” rating and increased their price objective for the stock from $165.00 to $175.00 in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $155.33.

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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