Today: Today, Air Products and Chemicals Inc. (APD) Position Increased by PNC Financial Services Group Inc.

Today, Air Products and Chemicals Inc. (APD) Position Increased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its stake in shares of Air Products and Chemicals Inc. (NYSE:APD) by 1.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 509,256 shares of the company’s stock after buying an additional 7,348 shares during the period. PNC Financial Services Group Inc. owned about 0.23% of Air Products and Chemicals worth $76,563,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of APD. Liberty Capital Management Inc. purchased a new position in Air Products and Chemicals during the third quarter valued at $100,000. Parkside Financial Bank & Trust raised its position in Air Products and Chemicals by 8.9% in the second quarter. Parkside Financial Bank & Trust now owns 793 shares of the company’s stock valued at $113,000 after buying an additional 65 shares during the last quarter. Cantab Capital Partners LLP purchased a new position in Air Products and Chemicals during the second quarter valued at $113,000. Penserra Capital Management LLC raised its position in Air Products and Chemicals by 100.0% in the third quarter. Penserra Capital Management LLC now owns 864 shares of the company’s stock valued at $129,000 after buying an additional 432 shares during the last quarter. Finally, M&R Capital Management Inc. purchased a new position in Air Products and Chemicals during the second quarter valued at $149,000. Institutional investors own 88.73% of the company’s stock.

Shares of Air Products and Chemicals Inc. (NYSE:APD) traded up 0.56% during midday trading on Friday, hitting $141.54. 283,551 shares of the company’s stock were exchanged. Air Products and Chemicals Inc. has a 1-year low of $106.05 and a 1-year high of $146.01. The stock’s 50 day moving average is $135.52 and its 200-day moving average is $136.13. The stock has a market cap of $30.74 billion, a PE ratio of 48.98 and a beta of 1.24.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Thursday, October 27th. The company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.03. Air Products and Chemicals had a net margin of 6.63% and a return on equity of 22.74%. The firm earned $2.46 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same period in the previous year, the firm earned $1.82 earnings per share. Air Products and Chemicals’s revenue was up .6% compared to the same quarter last year. Analysts predict that Air Products and Chemicals Inc. will post $6.39 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 13th. Shareholders of record on Tuesday, January 3rd will be given a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 2.44%. Air Products and Chemicals’s dividend payout ratio (DPR) is 119.03%.

Several equities analysts have recently commented on APD shares. Zacks Investment Research lowered shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Tuesday, October 4th. Atlantic Securities upgraded shares of Air Products and Chemicals from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $125.00 to $135.00 in a report on Friday, September 30th. Argus upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $159.00 price objective on the stock in a report on Monday. JPMorgan Chase & Co. upgraded shares of Air Products and Chemicals from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $140.00 to $160.00 in a report on Friday, August 12th. Finally, Credit Suisse Group AG started coverage on shares of Air Products and Chemicals in a report on Monday, October 3rd. They issued an “outperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. Air Products and Chemicals presently has an average rating of “Hold” and an average target price of $151.07.

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 operates through seven segments: Industrial Gases-Americas, Industrial Gases-Europe, Middle East, and Africa (EMEA), Industrial Gases-Asia, Industrial Gases-Global, Materials Technologies, Energy-from-Waste, and Corporate and other.

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