Air Products and Chemicals, Inc. (NYSE:APD) Stock Holdings Increased by Clearstead Trust LLC

Clearstead Trust LLC raised its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1,072.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,395 shares of the basic materials company’s stock after purchasing an additional 1,276 shares during the quarter. Clearstead Trust LLC’s holdings in Air Products and Chemicals were worth $382,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Cape Cod Five Cents Savings Bank acquired a new position in shares of Air Products and Chemicals in the 3rd quarter worth $376,000. Eos Management L.P. lifted its stake in Air Products and Chemicals by 26.2% during the fourth quarter. Eos Management L.P. now owns 27,558 shares of the basic materials company’s stock valued at $7,545,000 after buying an additional 5,727 shares in the last quarter. Roffman Miller Associates Inc. PA boosted its holdings in shares of Air Products and Chemicals by 3.6% in the fourth quarter. Roffman Miller Associates Inc. PA now owns 65,192 shares of the basic materials company’s stock worth $17,850,000 after buying an additional 2,285 shares during the period. BKM Wealth Management LLC purchased a new position in shares of Air Products and Chemicals in the fourth quarter worth approximately $1,177,000. Finally, Bellwether Advisors LLC acquired a new stake in shares of Air Products and Chemicals during the third quarter valued at approximately $501,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Trading Up 0.9 %

Shares of NYSE:APD traded up $2.18 during midday trading on Friday, hitting $245.87. The company had a trading volume of 1,559,471 shares, compared to its average volume of 1,590,100. The firm has a fifty day simple moving average of $238.22 and a 200 day simple moving average of $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. The company has a current ratio of 1.49, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $307.71.

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. TheStreet cut shares of Air Products and Chemicals from a “b” rating to a “c+” rating in a research report on Monday, February 5th. Citigroup lowered their price target on Air Products and Chemicals from $285.00 to $280.00 and set a “buy” rating on the stock in a report on Wednesday. TD Cowen increased their price objective on Air Products and Chemicals from $305.00 to $320.00 and gave the stock a “buy” rating in a research note on Wednesday. Bank of America lifted their target price on Air Products and Chemicals from $272.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Mizuho reduced their price target on shares of Air Products and Chemicals from $295.00 to $286.00 and set a “buy” rating for the company in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Air Products and Chemicals has a consensus rating of “Hold” and an average price target of $277.43.

Air Products and Chemicals Company 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.