Air Products and Chemicals, Inc. (NYSE:APD) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,166,522 shares of the basic materials company’s stock after acquiring an additional 22,846 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.52% of Air Products and Chemicals worth $319,394,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC acquired a new stake in Air Products and Chemicals during the fourth quarter valued at approximately $27,000. Roble Belko & Company Inc bought a new position in shares of Air Products and Chemicals in the fourth quarter valued at $27,000. Stuart Chaussee & Associates Inc. lifted its position in shares of Air Products and Chemicals by 257.6% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 118 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 85 shares during the last quarter. Rakuten Securities Inc. bought a new stake in shares of Air Products and Chemicals during the 4th quarter worth $33,000. Finally, Legacy Bridge LLC acquired a new position in shares of Air Products and Chemicals in the 4th quarter worth $35,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Down 0.9 %

Shares of NYSE APD traded down $2.27 during trading hours on Wednesday, hitting $246.38. The stock had a trading volume of 319,881 shares, compared to its average volume of 1,706,427. The company has a market capitalization of $54.77 billion, a P/E ratio of 22.26, a P/E/G ratio of 2.66 and a beta of 0.80. The firm’s 50-day moving average price is $238.93 and its two-hundred day moving average price is $253.28. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.31 and a current ratio of 1.49. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $307.71.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.15. The business 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%. Air Products and Chemicals’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.74 EPS. Analysts anticipate that Air Products and Chemicals, Inc. will post 12.31 EPS for the current fiscal year.

Analysts Set New Price Targets

APD has been the subject of a number of recent analyst reports. Wolfe Research assumed coverage on Air Products and Chemicals in a research report on Friday, March 1st. They issued an “outperform” rating and a $279.00 price target for the company. Seaport Res Ptn downgraded shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Argus lowered shares of Air Products and Chemicals from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Citigroup decreased their price objective on shares of Air Products and Chemicals from $285.00 to $280.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Finally, BMO Capital Markets boosted their target price on shares of 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. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average 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.