Syon Capital LLC Purchases 113 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Syon Capital LLC lifted its position in Air Products and Chemicals, Inc. (NYSE:APD) by 4.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,851 shares of the basic materials company’s stock after acquiring an additional 113 shares during the period. Syon Capital LLC’s holdings in Air Products and Chemicals were worth $781,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in APD. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Air Products and Chemicals during the fourth quarter valued at approximately $27,000. Roble Belko & Company Inc purchased a new position in shares of Air Products and Chemicals during the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. purchased a new position in shares of Air Products and Chemicals during the fourth quarter valued at approximately $33,000. Legacy Bridge LLC purchased a new position in shares of Air Products and Chemicals during the fourth quarter valued at approximately $35,000. Finally, Cetera Trust Company N.A purchased a new position in shares of Air Products and Chemicals during the fourth quarter valued at approximately $35,000. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

APD stock traded up $1.00 during trading on Friday, hitting $236.08. 1,251,255 shares of the company’s stock traded hands, compared to its average volume of 1,717,646. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $307.71. The stock has a market capitalization of $52.48 billion, a price-to-earnings ratio of 22.43, a P/E/G ratio of 2.58 and a beta of 0.81. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.58 and a current ratio of 1.81. The business has a fifty day simple moving average of $236.96 and a 200 day simple moving average of $256.16.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Monday, February 5th. The basic materials company reported $2.82 earnings per share for the quarter, missing the consensus estimate of $3.00 by ($0.18). The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.20 billion. Air Products and Chemicals had a net margin of 18.82% and a return on equity of 16.84%. The company’s revenue was down 5.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.64 EPS. As a group, research analysts expect that Air Products and Chemicals, Inc. will post 12.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. TheStreet cut shares of Air Products and Chemicals from a “b” rating to a “c+” rating in a report on Monday, February 5th. Mizuho reduced their price objective on shares of Air Products and Chemicals from $304.00 to $295.00 and set a “buy” rating for the company in a research note on Tuesday, February 6th. StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday. TD Cowen reduced their price objective on shares of Air Products and Chemicals from $345.00 to $305.00 and set an “outperform” rating for the company in a research note on Friday, February 16th. Finally, Citigroup increased their price objective on shares of Air Products and Chemicals from $260.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Air Products and Chemicals presently has an average rating of “Hold” and a consensus target price of $276.36.

About Air Products and Chemicals

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.