Wealthcare Advisory Partners LLC Increases Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Wealthcare Advisory Partners LLC increased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 8.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,730 shares of the basic materials company’s stock after buying an additional 452 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Air Products and Chemicals were worth $1,569,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Dover Advisors LLC boosted its holdings in Air Products and Chemicals by 1.9% during the third quarter. Dover Advisors LLC now owns 1,894 shares of the basic materials company’s stock valued at $540,000 after acquiring an additional 35 shares during the period. Smithfield Trust Co grew its holdings in Air Products and Chemicals by 2.4% in the 3rd quarter. Smithfield Trust Co now owns 1,566 shares of the basic materials company’s stock valued at $444,000 after buying an additional 36 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in shares of Air Products and Chemicals by 1.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,636 shares of the basic materials company’s stock worth $996,000 after buying an additional 38 shares during the last quarter. Fidelis Capital Partners LLC boosted its position in shares of Air Products and Chemicals by 2.1% in the third quarter. Fidelis Capital Partners LLC now owns 1,957 shares of the basic materials company’s stock valued at $555,000 after acquiring an additional 40 shares during the period. Finally, Choreo LLC grew its stake in shares of Air Products and Chemicals by 0.8% in the third quarter. Choreo LLC now owns 5,263 shares of the basic materials company’s stock worth $1,492,000 after acquiring an additional 41 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on APD. Bank of America increased their price target on shares of Air Products and Chemicals from $272.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Seaport Res Ptn lowered Air Products and Chemicals from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. BMO Capital Markets upped their target price on Air Products and Chemicals from $250.00 to $263.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Morgan Stanley lowered their price target on shares of Air Products and Chemicals from $285.00 to $240.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 7th. Finally, Wolfe Research initiated coverage on shares of Air Products and Chemicals in a report on Friday, March 1st. They set an “outperform” rating and a $279.00 price objective for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $277.43.

Air Products and Chemicals Trading Up 0.2 %

NYSE:APD traded up $0.57 on Tuesday, reaching $248.17. 453,885 shares of the stock traded hands, compared to its average volume of 1,714,796. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year high of $307.71. The company’s 50 day moving average is $238.59 and its 200-day moving average is $253.49. The firm has a market capitalization of $55.17 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 2.66 and a beta of 0.80. The company has a current ratio of 1.49, a quick ratio of 1.31 and a debt-to-equity ratio of 0.77.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter in the prior year, the firm earned $2.74 EPS. The business’s revenue was down 8.4% on a year-over-year basis. Equities research analysts anticipate that Air Products and Chemicals, Inc. will post 12.31 EPS for the current fiscal year.

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.