Concord Wealth Partners Boosts Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Concord Wealth Partners boosted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 4.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,168 shares of the basic materials company’s stock after buying an additional 139 shares during the period. Concord Wealth Partners’ holdings in Air Products and Chemicals were worth $867,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Air Products and Chemicals during the 4th quarter worth approximately $27,000. Roble Belko & Company Inc acquired a new position in shares of Air Products and Chemicals during the 4th quarter worth approximately $27,000. Stuart Chaussee & Associates Inc. boosted its holdings in shares of Air Products and Chemicals by 257.6% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 118 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 85 shares during the last quarter. Rakuten Securities Inc. acquired a new position in shares of Air Products and Chemicals during the 4th quarter worth approximately $33,000. Finally, Legacy Bridge LLC acquired a new position in shares of Air Products and Chemicals during the 4th quarter worth approximately $35,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Up 0.5 %

NYSE:APD opened at $237.50 on Thursday. The company has a quick ratio of 1.58, a current ratio of 1.49 and a debt-to-equity ratio of 0.77. The stock’s fifty day moving average is $237.72 and its two-hundred day moving average is $254.55. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $307.71. The stock has a market capitalization of $52.80 billion, a price-to-earnings ratio of 21.44, a price-to-earnings-growth ratio of 2.60 and a beta of 0.80.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $2.70 by $0.15. Air Products and Chemicals had a return on equity of 16.56% and a net margin of 20.32%. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same period in the prior year, the firm earned $2.74 earnings per share. The firm’s revenue was down 8.4% compared to the same quarter last year. Research analysts anticipate that Air Products and Chemicals, Inc. will post 12.38 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on APD shares. BMO Capital Markets boosted their target price on Air Products and Chemicals from $250.00 to $263.00 and gave the stock an “outperform” rating in a report on Wednesday. Wolfe Research started coverage on Air Products and Chemicals in a report on Friday, March 1st. They set an “outperform” rating and a $279.00 target price on the stock. Bank of America boosted their target price on Air Products and Chemicals from $272.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday. Argus cut Air Products and Chemicals from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Finally, UBS Group cut Air Products and Chemicals from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $328.00 to $241.00 in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $277.43.

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.