Halsey Associates Inc. CT Purchases 12,435 Shares of Air Products & Chemicals, Inc. (APD)

Halsey Associates Inc. CT increased its position in Air Products & Chemicals, Inc. (NYSE:APD) by 36.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 46,670 shares of the basic materials company’s stock after acquiring an additional 12,435 shares during the quarter. Air Products & Chemicals comprises 1.4% of Halsey Associates Inc. CT’s investment portfolio, making the stock its 29th largest holding. Halsey Associates Inc. CT’s holdings in Air Products & Chemicals were worth $7,268,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Putnam Investments LLC boosted its stake in Air Products & Chemicals by 14.2% in the 2nd quarter. Putnam Investments LLC now owns 768,726 shares of the basic materials company’s stock worth $119,714,000 after purchasing an additional 95,391 shares during the period. Moneta Group Investment Advisors LLC bought a new position in Air Products & Chemicals in the 2nd quarter worth about $812,000. Worldquant Millennium Quantitative Strategies LLC bought a new position in Air Products & Chemicals in the 2nd quarter worth about $1,008,000. Baldwin Investment Management LLC bought a new position in Air Products & Chemicals in the 2nd quarter worth about $436,000. Finally, Tower Research Capital LLC TRC boosted its stake in Air Products & Chemicals by 80.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,241 shares of the basic materials company’s stock worth $1,439,000 after purchasing an additional 4,126 shares during the period. Institutional investors and hedge funds own 86.08% of the company’s stock.

Several research analysts have commented on APD shares. Deutsche Bank raised their target price on Air Products & Chemicals from $190.00 to $192.00 and gave the stock a “buy” rating in a research note on Tuesday, August 14th. Vertical Research upgraded Air Products & Chemicals from a “hold” rating to a “buy” rating in a research note on Wednesday, August 29th. BMO Capital Markets restated a “buy” rating and issued a $197.00 target price (up previously from $195.00) on shares of Air Products & Chemicals in a research note on Friday, July 27th. Credit Suisse Group raised their target price on Air Products & Chemicals from $182.00 to $188.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. Finally, Zacks Investment Research upgraded Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $174.00 target price for the company in a research note on Wednesday, June 27th. Two research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Air Products & Chemicals has an average rating of “Buy” and an average target price of $185.69.

Shares of APD opened at $168.61 on Friday. The stock has a market cap of $36.45 billion, a PE ratio of 23.06, a price-to-earnings-growth ratio of 1.38 and a beta of 1.06. The company has a quick ratio of 2.24, a current ratio of 2.40 and a debt-to-equity ratio of 0.35. Air Products & Chemicals, Inc. has a 12-month low of $149.48 and a 12-month high of $175.17.

Air Products & Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, July 26th. The basic materials company reported $1.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.84 by $0.11. The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.31 billion. Air Products & Chemicals had a return on equity of 15.15% and a net margin of 17.13%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the company posted $1.65 EPS. equities analysts forecast that Air Products & Chemicals, Inc. will post 7.45 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 12th. Investors of record on Monday, October 1st will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, September 28th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.61%. Air Products & Chemicals’s dividend payout ratio is 69.73%.

Air Products & Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, electronics and performance materials, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including metals, glass, chemical processing, electronics, energy production and refining, food processing, metallurgical, medical, and general manufacturing.

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

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