Focus Partners Wealth Acquires 2,453 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Focus Partners Wealth lifted its holdings in Air Products and Chemicals, Inc. (NYSE:APDFree Report) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 62,981 shares of the basic materials company’s stock after purchasing an additional 2,453 shares during the period. Focus Partners Wealth’s holdings in Air Products and Chemicals were worth $18,267,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Generali Investments Management Co LLC acquired a new stake in Air Products and Chemicals during the fourth quarter worth about $26,000. Raleigh Capital Management Inc. grew its position in Air Products and Chemicals by 69.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock worth $30,000 after buying an additional 43 shares in the last quarter. Sierra Ocean LLC acquired a new stake in Air Products and Chemicals during the fourth quarter worth about $30,000. Financial Life Planners acquired a new stake in Air Products and Chemicals during the fourth quarter worth about $31,000. Finally, WR Wealth Planners LLC grew its position in Air Products and Chemicals by 40.3% during the fourth quarter. WR Wealth Planners LLC now owns 108 shares of the basic materials company’s stock worth $31,000 after buying an additional 31 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Stock Up 0.5%

NYSE:APD opened at $271.05 on Monday. The stock’s fifty day moving average price is $279.33 and its two-hundred day moving average price is $301.36. Air Products and Chemicals, Inc. has a 52-week low of $243.69 and a 52-week high of $341.14. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.96 and a current ratio of 1.11. The company has a market cap of $60.32 billion, a price-to-earnings ratio of 15.74, a P/E/G ratio of 3.07 and a beta of 0.88.

Air Products and Chemicals (NYSE:APDGet Free Report) last posted its quarterly earnings data on Thursday, May 1st. The basic materials company reported $2.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.83 by ($0.14). The firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.94 billion. Air Products and Chemicals had a return on equity of 15.78% and a net margin of 31.88%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.85 EPS. On average, analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Insider Buying and Selling at Air Products and Chemicals

In related news, insider Wilbur Mok sold 1,300 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $315.88, for a total value of $410,644.00. Following the completion of the sale, the insider now owns 3,193 shares in the company, valued at $1,008,604.84. This represents a 28.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Victoria Brifo sold 2,362 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $315.82, for a total transaction of $745,966.84. Following the completion of the sale, the vice president now owns 10,045 shares of the company’s stock, valued at approximately $3,172,411.90. This represents a 19.04% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,751 shares of company stock worth $1,812,572. Insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on APD. JPMorgan Chase & Co. reissued a “neutral” rating and set a $320.00 target price (down from $345.00) on shares of Air Products and Chemicals in a research report on Friday, February 7th. BNP Paribas raised Air Products and Chemicals to a “strong-buy” rating in a report on Tuesday, February 11th. UBS Group decreased their price objective on Air Products and Chemicals from $335.00 to $324.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Sanford C. Bernstein raised Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $375.00 price objective on the stock in a report on Friday, January 31st. Finally, Bank of America downgraded Air Products and Chemicals from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $330.00 to $282.00 in a report on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $330.38.

Get Our Latest Analysis on Air Products and Chemicals

About Air Products and Chemicals

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding APD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Air Products and Chemicals, Inc. (NYSE:APDFree Report).

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

Receive News & Ratings for Air Products and Chemicals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Products and Chemicals and related companies with MarketBeat.com's FREE daily email newsletter.