The Colonial Trust Advisors Has $7.58 Million Position in Air Products and Chemicals, Inc. (APD)

The Colonial Trust Advisors Has $7.58 Million Position in Air Products and Chemicals, Inc. (APD)

Colonial Trust Advisors raised its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 22.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,948 shares of the basic materials company’s stock after acquiring an additional 9,641 shares during the period. Air Products and Chemicals makes up approximately 1.7% of Colonial Trust Advisors’ investment portfolio, making the stock its 18th largest position. Colonial Trust Advisors’ holdings in Air Products and Chemicals were worth $7,575,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Patten Group Inc. boosted its holdings in shares of Air Products and Chemicals by 3.7% during the first quarter. Patten Group Inc. now owns 778 shares of the basic materials company’s stock worth $105,000 after acquiring an additional 28 shares during the period. Guardian Life Insurance Co. of America boosted its holdings in shares of Air Products and Chemicals by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 838 shares of the basic materials company’s stock worth $113,000 after acquiring an additional 6 shares during the period. IMS Capital Management bought a new stake in shares of Air Products and Chemicals during the second quarter worth approximately $129,000. Armbruster Capital Management Inc. boosted its holdings in shares of Air Products and Chemicals by 13.5% during the second quarter. Armbruster Capital Management Inc. now owns 908 shares of the basic materials company’s stock worth $130,000 after acquiring an additional 108 shares during the period. Finally, Hanson & Doremus Investment Management boosted its holdings in shares of Air Products and Chemicals by 8.8% during the second quarter. Hanson & Doremus Investment Management now owns 931 shares of the basic materials company’s stock worth $133,000 after acquiring an additional 75 shares during the period. Institutional investors own 87.87% of the company’s stock.

Shares of Air Products and Chemicals, Inc. (APD) traded up 0.08% on Friday, reaching $153.46. 1,388,360 shares of the company’s stock traded hands. The company’s 50-day moving average price is $149.73 and its 200 day moving average price is $144.72. The firm has a market cap of $33.45 billion, a P/E ratio of 11.53 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 $154.41.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.06. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Air Products and Chemicals had a net margin of 34.63% and a return on equity of 17.23%. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.92 EPS. On average, equities analysts forecast that Air Products and Chemicals, Inc. will post $6.23 EPS for the current fiscal year.

The business also recently disclosed 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. This represents a $3.80 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Friday, October 6th. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 28.51%.

APD has been the subject of a number of research analyst reports. Argus boosted their price objective on Air Products and Chemicals from $159.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, August 28th. Susquehanna Bancshares Inc upgraded Air Products and Chemicals from a “neutral” rating to a “positive” rating and boosted their price objective for the stock from $165.00 to $175.00 in a report on Thursday, September 14th. BidaskClub cut Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. KeyCorp restated a “buy” rating and set a $161.00 price objective on shares of Air Products and Chemicals in a report on Friday, September 8th. Finally, Jefferies Group LLC restated a “hold” rating and set a $155.00 price objective on shares of Air Products and Chemicals in a report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $157.15.

Air Products and Chemicals 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 is also a supplier of liquefied natural gas process technology and equipment.

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