Air Products and Chemicals, Inc. (NYSE:APD) Stock Holdings Boosted by Scissortail Wealth Management LLC

Scissortail Wealth Management LLC grew its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 3,662.3% during the 4th quarter, Holdings Channel reports. The firm owned 14,673 shares of the basic materials company’s stock after purchasing an additional 14,283 shares during the period. Scissortail Wealth Management LLC’s holdings in Air Products and Chemicals were worth $4,256,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of APD. Generali Investments Management Co LLC acquired a new position in Air Products and Chemicals during the fourth quarter worth about $26,000. Raleigh Capital Management Inc. boosted its position in shares of Air Products and Chemicals by 69.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 43 shares in the last quarter. Sierra Ocean LLC acquired a new position in shares of Air Products and Chemicals in the 4th quarter worth approximately $30,000. Financial Life Planners acquired a new position in shares of Air Products and Chemicals in the 4th quarter worth approximately $31,000. Finally, WR Wealth Planners LLC raised its holdings in shares of Air Products and Chemicals by 40.3% in 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. Institutional investors own 81.66% of the company’s stock.

Insider Activity

In other news, insider Wilbur Mok sold 1,300 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $315.88, for a total transaction of $410,644.00. Following the completion of the sale, the insider now directly owns 3,193 shares of the company’s stock, valued at $1,008,604.84. This trade represents a 28.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Walter L. Nelson sold 589 shares of Air Products and Chemicals stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $308.50, for a total value of $181,706.50. Following the sale, the vice president now owns 719 shares of the company’s stock, valued at approximately $221,811.50. This represents a 45.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,751 shares of company stock worth $1,812,572 in the last ninety days. Corporate insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

APD has been the subject of a number of research reports. Bank of America cut shares of Air Products and Chemicals from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $330.00 to $282.00 in a report on Tuesday, April 15th. Barclays cut their price objective on Air Products and Chemicals from $355.00 to $325.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. Citigroup decreased their target price on Air Products and Chemicals from $373.00 to $345.00 and set a “buy” rating on the stock in a report on Tuesday, March 25th. BNP Paribas raised Air Products and Chemicals to a “strong-buy” rating in a research report on Tuesday, February 11th. Finally, Wells Fargo & Company decreased their price target on Air Products and Chemicals from $365.00 to $320.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $330.38.

Air Products and Chemicals Trading Up 1.6%

Shares of NYSE APD opened at $278.78 on Friday. The firm has a market capitalization of $62.04 billion, a PE ratio of 16.19, a PEG ratio of 3.07 and a beta of 0.88. Air Products and Chemicals, Inc. has a one year low of $243.69 and a one year high of $341.14. The company has a current ratio of 1.11, a quick ratio of 0.96 and a debt-to-equity ratio of 0.71. The business has a 50-day moving average price of $275.98 and a two-hundred day moving average price of $300.11.

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

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.