Peapack Gladstone Financial Corp increased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 7.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,666 shares of the basic materials company’s stock after buying an additional 3,307 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Air Products and Chemicals were worth $7,248,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Colonial Trust Advisors increased its stake in shares of Air Products and Chemicals by 22.3% in the second quarter. Colonial Trust Advisors now owns 52,948 shares of the basic materials company’s stock worth $7,575,000 after buying an additional 9,641 shares during the period. Janus Henderson Group PLC increased its stake in shares of Air Products and Chemicals by 8,260.1% in the second quarter. Janus Henderson Group PLC now owns 2,720,195 shares of the basic materials company’s stock worth $389,152,000 after buying an additional 2,687,657 shares during the period. Signet Financial Management LLC increased its stake in shares of Air Products and Chemicals by 0.6% in the second quarter. Signet Financial Management LLC now owns 26,888 shares of the basic materials company’s stock worth $3,847,000 after buying an additional 150 shares during the period. Cambria Investment Management L.P. purchased a new position in shares of Air Products and Chemicals in the second quarter worth $9,976,000. Finally, Shelton Capital Management purchased a new position in shares of Air Products and Chemicals in the second quarter worth $250,000. 87.87% of the stock is currently owned by institutional investors.

Several research analysts recently commented on APD shares. Jefferies Group LLC reaffirmed a “hold” rating and issued a $155.00 target price on shares of Air Products and Chemicals in a research note on Thursday, September 28th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $158.00 target price (up from $153.00) on shares of Air Products and Chemicals in a research note on Wednesday, August 2nd. Barclays PLC reaffirmed 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. BidaskClub downgraded shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Finally, UBS AG raised shares of Air Products and Chemicals from a “neutral” rating to a “positive” rating in a research note on Wednesday, September 13th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $157.15.

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Shares of Air Products and Chemicals, Inc. (NYSE:APD) traded down 0.08% on Thursday, reaching $152.78. 262,062 shares of the company’s stock were exchanged. The stock has a market cap of $33.30 billion, a price-to-earnings ratio of 11.48 and a beta of 1.26. Air Products and Chemicals, Inc. has a one year low of $129.00 and a one year high of $153.57. The company’s 50 day moving average is $148.26 and its 200-day moving average is $143.94.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same period last year, the company earned $1.92 earnings per share. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, analysts anticipate that Air Products and Chemicals, Inc. will post $6.23 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Tuesday, October 10th will be given a dividend of $0.95 per share. The ex-dividend date is Friday, October 6th. This represents a $3.80 annualized dividend and a dividend yield of 2.49%. Air Products and Chemicals’s dividend payout ratio (DPR) is 28.51%.

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.

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

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