Apollon Wealth Management LLC Boosts Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Apollon Wealth Management LLC grew its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 10.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,960 shares of the basic materials company’s stock after buying an additional 949 shares during the quarter. Apollon Wealth Management LLC’s holdings in Air Products and Chemicals were worth $2,727,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Morgan Stanley increased its position in shares of Air Products and Chemicals by 4.6% in the 3rd quarter. Morgan Stanley now owns 5,302,455 shares of the basic materials company’s stock worth $1,502,717,000 after purchasing an additional 235,037 shares during the last quarter. Northern Trust Corp lifted its holdings in Air Products and Chemicals by 1.0% during the 3rd quarter. Northern Trust Corp now owns 3,829,919 shares of the basic materials company’s stock worth $1,085,399,000 after buying an additional 39,215 shares during the last quarter. Raymond James & Associates grew its position in shares of Air Products and Chemicals by 3.6% in the 4th quarter. Raymond James & Associates now owns 1,931,619 shares of the basic materials company’s stock worth $528,877,000 after acquiring an additional 66,906 shares in the last quarter. FMR LLC increased its holdings in shares of Air Products and Chemicals by 1.3% in the 3rd quarter. FMR LLC now owns 1,715,055 shares of the basic materials company’s stock valued at $486,047,000 after acquiring an additional 21,422 shares during the last quarter. Finally, Stifel Financial Corp lifted its stake in Air Products and Chemicals by 1.5% during the third quarter. Stifel Financial Corp now owns 1,339,666 shares of the basic materials company’s stock worth $379,680,000 after purchasing an additional 20,113 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Trading Up 0.4 %

Shares of NYSE:APD traded up $1.05 during mid-day trading on Tuesday, hitting $248.65. The stock had a trading volume of 1,094,280 shares, compared to its average volume of 1,722,390. The company’s 50 day moving average is $238.59 and its 200-day moving average is $253.49. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $307.71. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.31 and a current ratio of 1.49. The company has a market cap of $55.28 billion, a PE ratio of 22.40, a P/E/G ratio of 2.66 and a beta of 0.80.

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

Analyst Ratings Changes

A number of analysts have weighed in on APD shares. Seaport Res Ptn cut shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. Barclays dropped their price target on shares of Air Products and Chemicals from $260.00 to $245.00 and set an “equal weight” rating on the stock 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 research note on Monday, February 26th. Mizuho lowered their price objective on shares of Air Products and Chemicals from $295.00 to $286.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Finally, TD Cowen upped their target price on Air Products and Chemicals from $305.00 to $320.00 and gave the stock a “buy” rating in a research report 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.