Truadvice LLC purchased a new position in Air Products & Chemicals, Inc. (NYSE:APD) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,634 shares of the basic materials company’s stock, valued at approximately $494,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Fulcrum Asset Management LLP purchased a new position in Air Products & Chemicals during the third quarter worth approximately $819,000. Great Valley Advisor Group Inc. raised its position in shares of Air Products & Chemicals by 187.3% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 5,655 shares of the basic materials company’s stock worth $1,685,000 after buying an additional 3,687 shares during the period. Conning Inc. lifted its stake in shares of Air Products & Chemicals by 4,277.7% in the 3rd quarter. Conning Inc. now owns 142,582 shares of the basic materials company’s stock valued at $42,469,000 after purchasing an additional 139,325 shares in the last quarter. Alpha Windward LLC increased its position in Air Products & Chemicals by 4.5% during the 3rd quarter. Alpha Windward LLC now owns 1,345 shares of the basic materials company’s stock worth $401,000 after purchasing an additional 58 shares in the last quarter. Finally, Bank OZK purchased a new position in Air Products & Chemicals in the third quarter valued at approximately $218,000. Institutional investors own 83.32% of the company’s stock.

Air Products & Chemicals stock traded up $1.75 during trading hours on Friday, hitting $294.00. 477,528 shares of the company traded hands, compared to its average volume of 894,630. Air Products & Chemicals, Inc. has a 1-year low of $167.43 and a 1-year high of $310.73. The firm has a market cap of $64.94 billion, a P/E ratio of 34.31, a P/E/G ratio of 3.38 and a beta of 0.85. The firm’s 50-day simple moving average is $297.00 and its two-hundred day simple moving average is $263.66. The company has a quick ratio of 3.32, a current ratio of 3.48 and a debt-to-equity ratio of 0.61.

Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.03. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Air Products & Chemicals had a net margin of 21.58% and a return on equity of 15.96%. The business’s revenue was down 7.1% on a year-over-year basis. During the same period last year, the firm posted $2.17 earnings per share. On average, equities research analysts predict that Air Products & Chemicals, Inc. will post 8.43 earnings per share for the current year.

APD has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Air Products & Chemicals from a “buy” rating to a “hold” rating and set a $305.00 target price on the stock. in a research note on Monday, September 28th. Evercore ISI assumed coverage on Air Products & Chemicals in a research report on Monday, September 21st. They issued an “outperform” rating on the stock. Monness Crespi & Hardt downgraded Air Products & Chemicals from a “buy” rating to a “neutral” rating in a research report on Friday, July 24th. SunTrust Banks lifted their price objective on shares of Air Products & Chemicals from $295.00 to $330.00 and gave the company a “buy” rating in a research note on Friday, July 24th. They noted that the move was a valuation call. Finally, Morgan Stanley raised their target price on Air Products & Chemicals from $245.00 to $325.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Air Products & Chemicals currently has an average rating of “Buy” and a consensus target price of $292.38.

Air Products & Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

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

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