Breed s Hill Capital LLC Takes Position in Air Products and Chemicals, Inc. (NYSE:APD)

Breed s Hill Capital LLC bought a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,000 shares of the basic materials company’s stock, valued at approximately $548,000.

Several other large investors have also recently added to or reduced their stakes in APD. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Air Products and Chemicals in the fourth quarter valued at $27,000. Roble Belko & Company Inc bought a new position in shares of Air Products and Chemicals in the fourth quarter worth about $27,000. Stuart Chaussee & Associates Inc. lifted its position in shares of Air Products and Chemicals by 257.6% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 118 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 85 shares in the last quarter. Rakuten Securities Inc. bought a new stake in shares of Air Products and Chemicals during the fourth quarter valued at approximately $33,000. Finally, Legacy Bridge LLC acquired a new stake in shares of Air Products and Chemicals in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on APD. BMO Capital Markets lifted their price objective on Air Products and Chemicals from $250.00 to $263.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Argus cut shares of Air Products and Chemicals from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. TheStreet cut Air Products and Chemicals from a “b” rating to a “c+” rating in a research note on Monday, February 5th. Wolfe Research assumed coverage on Air Products and Chemicals in a research report on Friday, March 1st. They set an “outperform” rating and a $279.00 price target on the stock. Finally, Barclays decreased their price objective on Air Products and Chemicals from $260.00 to $245.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 6th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, Air Products and Chemicals has a consensus rating of “Hold” and a consensus target price of $277.43.

Air Products and Chemicals Stock Performance

NYSE APD traded up $4.36 on Thursday, reaching $250.63. The stock had a trading volume of 840,346 shares, compared to its average volume of 1,703,354. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.49 and a quick ratio of 1.31. The company has a market cap of $55.72 billion, a P/E ratio of 22.62, a price-to-earnings-growth ratio of 2.66 and a beta of 0.80. The firm has a fifty day moving average of $239.20 and a two-hundred day moving average of $253.23. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year high of $307.71.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $0.15. The business 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%. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.74 earnings per share. On average, equities research analysts anticipate that Air Products and Chemicals, Inc. will post 12.31 EPS for the current year.

Air Products and Chemicals 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.