3,624 Shares in Air Products and Chemicals, Inc. (NYSE:APD) Purchased by Royal Fund Management LLC

Royal Fund Management LLC bought a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,624 shares of the basic materials company’s stock, valued at approximately $992,000.

Several other institutional investors also recently bought and sold shares of APD. 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 valued at $142,344,000 after purchasing an additional 489,350 shares during the period. Envestnet Asset Management Inc. grew its holdings in Air Products and Chemicals by 64.2% in the third quarter. Envestnet Asset Management Inc. now owns 766,076 shares of the basic materials company’s stock valued at $217,106,000 after purchasing an additional 299,649 shares during the period. International Assets Investment Management LLC grew its holdings 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 purchasing an additional 274,697 shares during the period. Morgan Stanley lifted its position in shares of 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 valued at $1,502,717,000 after acquiring an additional 235,037 shares in the last quarter. Finally, Truist Financial Corp lifted its position in shares of Air Products and Chemicals by 36.4% in the fourth quarter. Truist Financial Corp now owns 700,099 shares of the basic materials company’s stock valued at $191,687,000 after acquiring an additional 186,894 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Price Performance

APD stock traded up $2.18 during midday trading on Friday, hitting $245.87. 1,559,471 shares of the stock were exchanged, compared to its average volume of 1,590,100. The stock’s 50-day moving average price is $238.22 and its 200-day moving average price is $254.19. The stock has a market cap of $54.66 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 2.64 and a beta of 0.80. 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 debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.49.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on APD shares. JPMorgan Chase & Co. decreased their target price on Air Products and Chemicals from $270.00 to $260.00 and set an “overweight” rating on the stock in a research report on Wednesday. Morgan Stanley decreased their target price on Air Products and Chemicals from $285.00 to $240.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. UBS Group downgraded Air Products and Chemicals from a “buy” rating to a “neutral” rating and decreased their target price for the company from $328.00 to $241.00 in a research report on Thursday, February 8th. TD Cowen raised their target price on Air Products and Chemicals from $305.00 to $320.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Mizuho reduced their price objective 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. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Hold” and a consensus target price of $277.43.

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.