Sentry Investment Management LLC raised its position in shares of Air Products and Chemicals Inc. (NYSE:APD) by 12.4% during the third quarter, Holdings Channel reports. The fund owned 16,073 shares of the company’s stock after buying an additional 1,777 shares during the period. Sentry Investment Management LLC’s holdings in Air Products and Chemicals were worth $2,416,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. LPL Financial LLC boosted its position in shares of Air Products and Chemicals by 14.0% in the first quarter. LPL Financial LLC now owns 10,431 shares of the company’s stock worth $1,488,000 after buying an additional 1,277 shares during the last quarter. Euclid Advisors LLC acquired a new position in shares of Air Products and Chemicals during the first quarter worth approximately $1,017,000. Stock Yards Bank & Trust Co. boosted its position in shares of Air Products and Chemicals by 4.6% in the second quarter. Stock Yards Bank & Trust Co. now owns 4,568 shares of the company’s stock worth $649,000 after buying an additional 200 shares during the last quarter. New England Research & Management Inc. boosted its position in shares of Air Products and Chemicals by 12.8% in the second quarter. New England Research & Management Inc. now owns 4,625 shares of the company’s stock worth $657,000 after buying an additional 525 shares during the last quarter. Finally, Cullinan Associates Inc. boosted its position in shares of Air Products and Chemicals by 5.7% in the second quarter. Cullinan Associates Inc. now owns 7,400 shares of the company’s stock worth $1,051,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 84.89% of the company’s stock.

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

Air Products and Chemicals Inc. (NYSE:APD) traded up 0.69% during trading on Wednesday, hitting $144.46. The stock had a trading volume of 2,697,948 shares. Air Products and Chemicals Inc. has a 52-week low of $106.05 and a 52-week high of $146.01. The stock’s 50-day moving average is $136.37 and its 200-day moving average is $136.46. The stock has a market capitalization of $31.40 billion, a PE ratio of 49.99 and a beta of 1.24.

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

The business also recently declared a quarterly dividend, which will be paid on Monday, February 13th. Investors of record on Tuesday, January 3rd will be issued a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 2.38%. Air Products and Chemicals’s payout ratio is presently 119.03%.

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Several research analysts have recently issued reports on APD shares. Zacks Investment Research cut shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Tuesday, October 4th. JPMorgan Chase & Co. upgraded shares of Air Products and Chemicals from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $140.00 to $160.00 in a report on Friday, August 12th. Argus upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $159.00 target price on the stock in a report on Monday, November 21st. 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. Finally, Atlantic Securities upgraded shares of Air Products and Chemicals from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $125.00 to $135.00 in a report on Friday, September 30th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $150.33.

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 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.

5 Day Chart for NYSE:APD

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