Amalgamated Bank Has $3.46 Million Stake in Air Products and Chemicals, Inc. (APD)

Amalgamated Bank lifted its position in Air Products and Chemicals, Inc. (NYSE:APD) by 61.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,207 shares of the basic materials company’s stock after buying an additional 9,175 shares during the period. Amalgamated Bank’s holdings in Air Products and Chemicals were worth $3,463,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of APD. BlackRock Inc. grew its position in shares of Air Products and Chemicals by 1,973.1% in the 1st quarter. BlackRock Inc. now owns 14,149,340 shares of the basic materials company’s stock worth $1,914,263,000 after buying an additional 13,466,808 shares during the last quarter. First Eagle Investment Management LLC grew its position in shares of Air Products and Chemicals by 243.2% in the 1st quarter. First Eagle Investment Management LLC now owns 1,789,910 shares of the basic materials company’s stock worth $242,157,000 after buying an additional 1,268,305 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Air Products and Chemicals by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 16,888,770 shares of the basic materials company’s stock worth $2,284,882,000 after buying an additional 887,369 shares during the last quarter. American Century Companies Inc. grew its position in shares of Air Products and Chemicals by 57.2% in the 2nd quarter. American Century Companies Inc. now owns 2,125,659 shares of the basic materials company’s stock worth $304,097,000 after buying an additional 773,446 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Air Products and Chemicals by 6.8% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,651,446 shares of the basic materials company’s stock worth $1,305,744,000 after buying an additional 611,672 shares during the last quarter. 88.08% of the stock is currently owned by hedge funds and other institutional investors.

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APD has been the topic of a number of analyst reports. Argus lifted their price objective on shares of Air Products and Chemicals from $159.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, August 28th. BidaskClub downgraded shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $155.00 price objective on shares of Air Products and Chemicals in a research report on Friday, July 14th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $158.00 price objective (up previously from $153.00) on shares of Air Products and Chemicals in a research report on Wednesday, August 2nd. Finally, Vertical Research raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 price objective on the stock in a research report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $155.33.

Air Products and Chemicals, Inc. (NYSE:APD) traded up 0.04% during mid-day trading on Friday, reaching $150.13. 1,750,625 shares of the company’s stock traded hands. The stock has a market capitalization of $32.72 billion, a PE ratio of 11.28 and a beta of 1.25. Air Products and Chemicals, Inc. has a 52 week low of $129.00 and a 52 week high of $151.42. The stock’s 50 day moving average is $146.29 and its 200-day moving average is $142.78.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $1.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.06. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.06 billion. Air Products and Chemicals had a net margin of 34.63% and a return on equity of 17.23%. The firm’s revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.92 earnings per share. On average, equities analysts anticipate that Air Products and Chemicals, Inc. will post $6.23 EPS 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 paid a $0.95 dividend. The ex-dividend date is Friday, October 6th. This represents a $3.80 annualized dividend and a yield of 2.53%. Air Products and Chemicals’s dividend payout ratio is currently 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.

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

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