Air Products and Chemicals, Inc. (NYSE:APD) Shares Purchased by Janney Capital Management LLC

Janney Capital Management LLC boosted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APDFree Report) by 185.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,872 shares of the basic materials company’s stock after acquiring an additional 22,670 shares during the period. Janney Capital Management LLC’s holdings in Air Products and Chemicals were worth $9,548,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Summit Trail Advisors LLC increased its holdings in shares of Air Products and Chemicals by 3.7% during the 3rd quarter. Summit Trail Advisors LLC now owns 2,138 shares of the basic materials company’s stock worth $610,000 after buying an additional 76 shares during the last quarter. First Citizens Bank & Trust Co. acquired a new position in shares of Air Products and Chemicals in the third quarter worth $200,000. Bank of Stockton increased its position in shares of Air Products and Chemicals by 61.5% during the third quarter. Bank of Stockton now owns 1,826 shares of the basic materials company’s stock worth $507,000 after acquiring an additional 695 shares during the period. Mitchell & Pahl Private Wealth LLC boosted its stake in shares of Air Products and Chemicals by 3.3% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 8,867 shares of the basic materials company’s stock valued at $2,513,000 after buying an additional 280 shares during the period. Finally, Fifth Third Bancorp grew its holdings in Air Products and Chemicals by 1.9% during the 3rd quarter. Fifth Third Bancorp now owns 180,565 shares of the basic materials company’s stock worth $51,172,000 after acquiring an additional 3,378 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on APD. Citigroup cut their target price on Air Products and Chemicals from $285.00 to $280.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Morgan Stanley cut their target price on Air Products and Chemicals from $285.00 to $240.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 7th. UBS Group downgraded shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $328.00 to $241.00 in a report on Thursday, February 8th. JPMorgan Chase & Co. lowered their target price on Air Products and Chemicals from $270.00 to $260.00 and set an “overweight” rating on the stock in a report on Wednesday, May 1st. Finally, TD Cowen increased their price target on shares of Air Products and Chemicals from $305.00 to $320.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $273.77.

Check Out Our Latest Stock Analysis on APD

Air Products and Chemicals Trading Up 1.2 %

Shares of APD traded up $3.04 during mid-day trading on Wednesday, reaching $251.60. The company had a trading volume of 1,065,966 shares, compared to its average volume of 1,700,295. The company has a current ratio of 1.49, a quick ratio of 1.31 and a debt-to-equity ratio of 0.77. The stock has a market cap of $55.93 billion, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 2.71 and a beta of 0.80. The firm has a fifty day simple moving average of $240.24 and a 200-day simple moving average of $252.33. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $307.71.

Air Products and Chemicals (NYSE:APDGet Free Report) last announced 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. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same period in the previous year, the company posted $2.74 earnings per share. Air Products and Chemicals’s revenue was down 8.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 12.31 EPS for the current fiscal year.

Air Products and Chemicals Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Air Products and Chemicals (NYSE:APD)

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