Cary Street Partners Financial LLC Invests $650,000 in Air Products and Chemicals, Inc. (NYSE:APD)

Cary Street Partners Financial LLC purchased a new stake in Air Products and Chemicals, Inc. (NYSE:APD) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 2,242 shares of the basic materials company’s stock, valued at approximately $650,000.

A number of other institutional investors have also recently bought and sold shares of APD. First Horizon Advisors Inc. boosted its holdings in shares of Air Products and Chemicals by 1.8% in the fourth quarter. First Horizon Advisors Inc. now owns 1,742 shares of the basic materials company’s stock worth $505,000 after buying an additional 31 shares during the period. Lake Street Advisors Group LLC boosted its stake in Air Products and Chemicals by 1.6% in the 4th quarter. Lake Street Advisors Group LLC now owns 2,028 shares of the basic materials company’s stock worth $588,000 after purchasing an additional 31 shares during the period. WR Wealth Planners LLC grew its position in Air Products and Chemicals by 40.3% during the 4th quarter. WR Wealth Planners LLC now owns 108 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 31 shares in the last quarter. Silver Oak Securities Incorporated raised its stake in Air Products and Chemicals by 1.1% during the 4th quarter. Silver Oak Securities Incorporated now owns 3,074 shares of the basic materials company’s stock valued at $888,000 after purchasing an additional 32 shares during the period. Finally, SRS Capital Advisors Inc. lifted its holdings in shares of Air Products and Chemicals by 3.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 974 shares of the basic materials company’s stock valued at $282,000 after purchasing an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

APD has been the topic of a number of research analyst reports. BNP Paribas upgraded Air Products and Chemicals to a “strong-buy” rating in a report on Tuesday, February 11th. BMO Capital Markets downgraded Air Products and Chemicals from an “outperform” rating to a “market perform” rating in a report on Friday, February 7th. Wells Fargo & Company decreased their price target on shares of Air Products and Chemicals from $365.00 to $320.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. StockNews.com lowered shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. Finally, Sanford C. Bernstein raised shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $375.00 target price for the company in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $330.38.

Air Products and Chemicals Price Performance

NYSE APD opened at $269.60 on Friday. The stock has a 50-day simple moving average of $280.02 and a 200 day simple moving average of $302.08. Air Products and Chemicals, Inc. has a twelve month low of $243.69 and a twelve month high of $341.14. The stock has a market capitalization of $60.00 billion, a PE ratio of 15.66, a P/E/G ratio of 3.07 and a beta of 0.88. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.96 and a current ratio of 1.11.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, May 1st. The basic materials company reported $2.69 earnings per share for the quarter, missing the consensus estimate of $2.83 by ($0.14). Air Products and Chemicals had a net margin of 31.88% and a return on equity of 15.78%. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the company posted $2.85 earnings per share. The firm’s revenue was down .5% compared to the same quarter last year. Research analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Insider Transactions at Air Products and Chemicals

In other Air Products and Chemicals news, insider Francesco Maione sold 2,016 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $306.00, for a total value of $616,896.00. Following the sale, the insider now owns 3,834 shares of the company’s stock, valued at $1,173,204. The trade was a 34.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Victoria Brifo sold 2,362 shares of Air Products and Chemicals stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $315.82, for a total transaction of $745,966.84. Following the sale, the vice president now owns 10,045 shares in the company, valued at approximately $3,172,411.90. This trade represents a 19.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,000 shares of company stock worth $3,423,034. 0.41% of the stock is currently owned by company insiders.

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.