1,954 Shares in Air Products and Chemicals, Inc. (NYSE:APD) Acquired by Barlow Wealth Partners Inc.

Barlow Wealth Partners Inc. purchased a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD) in the 4th quarter, Holdings Channel reports. The firm purchased 1,954 shares of the basic materials company’s stock, valued at approximately $535,000.

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

Analyst Upgrades and Downgrades

APD has been the topic of several analyst reports. Wells Fargo & Company cut Air Products and Chemicals from an “overweight” rating to an “equal weight” rating in a report on Monday, February 5th. Citigroup lowered their target price on Air Products and Chemicals from $285.00 to $280.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Argus cut Air Products and Chemicals from a “buy” rating to a “hold” rating in a report on Monday, February 26th. JPMorgan Chase & Co. reduced their price objective on shares of Air Products and Chemicals from $270.00 to $260.00 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. Finally, Bank of America boosted their target price on shares of Air Products and Chemicals from $272.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Air Products and Chemicals currently has a consensus rating of “Hold” and a consensus target price of $277.43.

Air Products and Chemicals Stock Down 1.0 %

Shares of APD stock traded down $2.38 during trading hours on Wednesday, reaching $246.27. The company had a trading volume of 888,730 shares, compared to its average volume of 1,713,052. The business has a fifty day simple moving average of $238.93 and a 200-day simple moving average of $253.28. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $307.71. The company has a market cap of $54.75 billion, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 2.66 and a beta of 0.80. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.49 and a quick ratio of 1.31.

Air Products and Chemicals (NYSE:APD) last posted 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. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.05 billion. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.74 EPS. On average, research analysts expect that Air Products and Chemicals, Inc. will post 12.31 earnings per share 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.