Semanteon Capital Management LP Purchases New Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Semanteon Capital Management LP acquired a new stake in Air Products and Chemicals, Inc. (NYSE:APD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,282 shares of the basic materials company’s stock, valued at approximately $1,172,000.

A number of other hedge funds also recently bought and sold shares of APD. Avior Wealth Management LLC raised its holdings in Air Products and Chemicals by 25.5% in the 3rd quarter. Avior Wealth Management LLC now owns 207 shares of the basic materials company’s stock valued at $59,000 after acquiring an additional 42 shares during the last quarter. Cedar Brook Financial Partners LLC raised its holdings in Air Products and Chemicals by 7.6% in the 3rd quarter. Cedar Brook Financial Partners LLC now owns 1,020 shares of the basic materials company’s stock valued at $289,000 after acquiring an additional 72 shares during the last quarter. Meridian Wealth Management LLC raised its holdings in Air Products and Chemicals by 97.5% in the 3rd quarter. Meridian Wealth Management LLC now owns 2,230 shares of the basic materials company’s stock valued at $632,000 after acquiring an additional 1,101 shares during the last quarter. Private Trust Co. NA raised its holdings in Air Products and Chemicals by 15.1% in the 3rd quarter. Private Trust Co. NA now owns 3,326 shares of the basic materials company’s stock valued at $943,000 after acquiring an additional 436 shares during the last quarter. Finally, Caprock Group LLC raised its holdings in Air Products and Chemicals by 1.5% in the 3rd quarter. Caprock Group LLC now owns 2,681 shares of the basic materials company’s stock valued at $765,000 after acquiring an additional 39 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Trading Up 0.2 %

Air Products and Chemicals stock traded up $0.37 during trading on Thursday, hitting $235.05. The company had a trading volume of 1,037,636 shares, compared to its average volume of 1,723,524. The company has a current ratio of 1.81, a quick ratio of 1.58 and a debt-to-equity ratio of 0.74. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year high of $307.71. The stock has a market cap of $52.25 billion, a price-to-earnings ratio of 22.43, a price-to-earnings-growth ratio of 2.57 and a beta of 0.81. The company’s 50 day simple moving average is $236.96 and its 200-day simple moving average is $256.16.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Monday, February 5th. The basic materials company reported $2.82 EPS for the quarter, missing the consensus estimate of $3.00 by ($0.18). Air Products and Chemicals had a net margin of 18.82% and a return on equity of 16.84%. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the prior year, the business earned $2.64 EPS. The business’s quarterly revenue was down 5.6% on a year-over-year basis. As a group, analysts expect that Air Products and Chemicals, Inc. will post 12.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on APD shares. Argus downgraded shares of Air Products and Chemicals from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Seaport Res Ptn downgraded shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. Citigroup raised their price target on shares of Air Products and Chemicals from $260.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Morgan Stanley cut their price target on shares of Air Products and Chemicals from $285.00 to $240.00 and set an “equal weight” rating for the company in a report on Wednesday, February 7th. Finally, Bank of America upgraded shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $264.00 price target for the company in a report on Thursday, February 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $276.36.

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.