Robertson Stephens Wealth Management LLC Increases Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Robertson Stephens Wealth Management LLC boosted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 11.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,596 shares of the basic materials company’s stock after buying an additional 167 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Air Products and Chemicals were worth $440,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Nordea Investment Management AB grew its holdings in Air Products and Chemicals by 1,696.4% in the fourth quarter. Nordea Investment Management AB now owns 518,197 shares of the basic materials company’s stock worth $142,344,000 after purchasing an additional 489,350 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Air Products and Chemicals by 64.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 766,076 shares of the basic materials company’s stock valued at $217,106,000 after buying an additional 299,649 shares in the last quarter. International Assets Investment Management LLC raised its stake in Air Products and Chemicals by 26,852.1% in the fourth quarter. International Assets Investment Management LLC now owns 275,720 shares of the basic materials company’s stock valued at $754,920,000 after buying an additional 274,697 shares during the last quarter. Morgan Stanley boosted its holdings in Air Products and Chemicals by 4.6% in the third quarter. Morgan Stanley now owns 5,302,455 shares of the basic materials company’s stock worth $1,502,717,000 after acquiring an additional 235,037 shares in the last quarter. Finally, Truist Financial Corp grew its stake in shares of Air Products and Chemicals by 36.4% during the fourth quarter. Truist Financial Corp now owns 700,099 shares of the basic materials company’s stock worth $191,687,000 after acquiring an additional 186,894 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Up 0.9 %

Shares of Air Products and Chemicals stock opened at $245.87 on Friday. The firm has a 50-day simple moving average of $237.96 and a two-hundred day simple moving average of $254.47. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.49. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $307.71. The company has a market cap of $54.66 billion, a P/E ratio of 22.19, a price-to-earnings-growth ratio of 2.64 and a beta of 0.80.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $2.85 EPS for the quarter, topping the consensus estimate of $2.70 by $0.15. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the previous year, the firm earned $2.74 EPS. The firm’s revenue was down 8.4% compared to the same quarter last year. As a group, equities analysts predict that Air Products and Chemicals, Inc. will post 12.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. BMO Capital Markets lifted their target price on shares of Air Products and Chemicals from $250.00 to $263.00 and gave the stock an “outperform” rating in a research note on Wednesday. Mizuho cut their target price on Air Products and Chemicals from $295.00 to $286.00 and set a “buy” rating on the stock in a research report on Wednesday. Bank of America lifted their price target on Air Products and Chemicals from $272.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday. TheStreet lowered Air Products and Chemicals from a “b” rating to a “c+” rating in a report on Monday, February 5th. Finally, Seaport Res Ptn downgraded Air Products and Chemicals from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $277.43.

Air Products and Chemicals Profile

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.