Wilkins Investment Counsel Inc. Holds Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Wilkins Investment Counsel Inc. continued to hold its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,200 shares of the basic materials company’s stock at the close of the 2nd quarter. Wilkins Investment Counsel Inc.’s holdings in Air Products and Chemicals were worth $458,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Patten Group Inc. increased its stake in Air Products and Chemicals by 3.7% in the 1st quarter. Patten Group Inc. now owns 778 shares of the basic materials company’s stock valued at $105,000 after buying an additional 28 shares during the period. State of Alaska Department of Revenue acquired a new position in Air Products and Chemicals in the 1st quarter valued at approximately $109,000. Guardian Life Insurance Co. of America increased its stake in Air Products and Chemicals by 0.7% in 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 during the period. Webster Bank N. A. increased its stake in Air Products and Chemicals by 68.2% in the 1st quarter. Webster Bank N. A. now owns 851 shares of the basic materials company’s stock valued at $115,000 after buying an additional 345 shares during the period. Finally, IMS Capital Management acquired a new position in Air Products and Chemicals in the 2nd quarter valued at approximately $129,000. Institutional investors and hedge funds own 87.86% of the company’s stock.

Several research analysts have recently commented on the stock. Deutsche Bank AG raised 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 research note on Wednesday, August 2nd. Vertical Research reiterated a “hold” rating and issued a $148.00 target price (up from $146.00) on shares of Air Products and Chemicals in a research note on Tuesday, September 12th. UBS AG upgraded shares of Air Products and Chemicals from a “neutral” rating to a “positive” rating in a research note on Wednesday, September 13th. Barclays PLC reiterated a “buy” rating and issued a $170.00 target price on shares of Air Products and Chemicals in a research note on Friday, August 4th. Finally, Susquehanna Bancshares Inc upgraded shares of Air Products and Chemicals from a “neutral” rating to a “positive” rating and raised their target price for the company from $165.00 to $175.00 in a research note on Thursday, September 14th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. Air Products and Chemicals has a consensus rating of “Hold” and a consensus price target of $155.33.

Shares of Air Products and Chemicals, Inc. (NYSE:APD) opened at 150.26 on Friday. Air Products and Chemicals, Inc. has a 52-week low of $129.00 and a 52-week high of $151.42. The firm has a market cap of $32.75 billion, a PE ratio of 11.29 and a beta of 1.25. The firm has a 50-day moving average of $146.74 and a 200 day moving average of $142.94.

Air Products and Chemicals (NYSE:APD) last posted its earnings results 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 return on equity of 17.23% and a net margin of 34.63%. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the prior year, the company earned $1.92 earnings per share. Air Products and Chemicals’s revenue was up 10.8% on a year-over-year basis. On average, equities analysts predict that Air Products and Chemicals, Inc. will post $6.23 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Tuesday, October 10th will be given a $0.95 dividend. 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 28.51%.

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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.

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

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