MidWestOne Financial Group Inc. Has $378,000 Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

MidWestOne Financial Group Inc. grew its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 22.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,464 shares of the basic materials company’s stock after purchasing an additional 265 shares during the quarter. MidWestOne Financial Group Inc.’s holdings in Air Products and Chemicals were worth $378,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in APD. Capital Research Global Investors lifted its stake in shares of Air Products and Chemicals by 167.2% in the 4th quarter. Capital Research Global Investors now owns 6,921,011 shares of the basic materials company’s stock valued at $1,894,973,000 after purchasing an additional 4,330,471 shares during the period. National Bank of Canada FI lifted its stake in shares of Air Products and Chemicals by 2,931.0% in the 2nd quarter. National Bank of Canada FI now owns 1,796,531 shares of the basic materials company’s stock valued at $444,352,000 after purchasing an additional 1,737,260 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Air Products and Chemicals by 127.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,792,470 shares of the basic materials company’s stock valued at $720,597,000 after purchasing an additional 1,564,169 shares during the period. Clearbridge Investments LLC lifted its stake in shares of Air Products and Chemicals by 50.6% in the 1st quarter. Clearbridge Investments LLC now owns 1,547,202 shares of the basic materials company’s stock valued at $374,841,000 after purchasing an additional 520,179 shares during the period. Finally, Scharf Investments LLC acquired a new position in shares of Air Products and Chemicals in the 1st quarter valued at $87,173,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on APD shares. Wells Fargo & Company upped their price objective on shares of Air Products and Chemicals from $240.00 to $280.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Barclays upped their price objective on shares of Air Products and Chemicals from $290.00 to $295.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Citigroup upped their price objective on shares of Air Products and Chemicals from $280.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, July 12th. JPMorgan Chase & Co. upped their price objective on shares of Air Products and Chemicals from $300.00 to $340.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, BMO Capital Markets upped their price objective on shares of Air Products and Chemicals from $300.00 to $323.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $296.50.

Air Products and Chemicals Trading Up 0.3 %

Air Products and Chemicals stock opened at $300.36 on Friday. The firm has a 50-day moving average of $277.35 and a 200-day moving average of $261.49. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $302.03. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 1.10. The company has a market cap of $66.77 billion, a price-to-earnings ratio of 27.11, a P/E/G ratio of 3.89 and a beta of 0.82.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, August 1st. The basic materials company reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $3.04 by $0.16. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.04 billion. On average, equities analysts expect that Air Products and Chemicals, Inc. will post 12.33 earnings per share for the current fiscal year.

Air Products and Chemicals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, October 1st will be paid a $1.77 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $7.08 annualized dividend and a yield of 2.36%. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 63.90%.

About Air Products and Chemicals

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.