Nicholson Wealth Management Group LLC Invests $779,000 in Air Products and Chemicals, Inc. (NYSE:APD)

Nicholson Wealth Management Group LLC purchased a new stake in Air Products and Chemicals, Inc. (NYSE:APD) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,618 shares of the basic materials company’s stock, valued at approximately $779,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of APD. Avantax Advisory Services Inc. increased its stake in shares of Air Products and Chemicals by 151.3% during the first quarter. Avantax Advisory Services Inc. now owns 24,881 shares of the basic materials company’s stock valued at $6,028,000 after buying an additional 14,981 shares during the period. 1832 Asset Management L.P. increased its position in Air Products and Chemicals by 3.6% during the 1st quarter. 1832 Asset Management L.P. now owns 67,507 shares of the basic materials company’s stock valued at $16,355,000 after purchasing an additional 2,321 shares during the period. Woodstock Corp raised its holdings in shares of Air Products and Chemicals by 6.5% in the 3rd quarter. Woodstock Corp now owns 38,976 shares of the basic materials company’s stock valued at $11,605,000 after purchasing an additional 2,387 shares in the last quarter. Trilogy Capital Inc. bought a new position in shares of Air Products and Chemicals during the first quarter valued at approximately $2,625,000. Finally, ZWJ Investment Counsel Inc. increased its holdings in Air Products and Chemicals by 33.8% during the third quarter. ZWJ Investment Counsel Inc. now owns 51,110 shares of the basic materials company’s stock valued at $15,217,000 after buying an additional 12,925 shares during the period. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Down 1.4 %

NYSE APD opened at $322.01 on Friday. The company has a fifty day moving average of $292.79 and a 200 day moving average of $270.59. The company has a market capitalization of $71.58 billion, a PE ratio of 29.06, a P/E/G ratio of 3.87 and a beta of 0.82. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $332.42. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 1.10.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Thursday, August 1st. The basic materials company reported $3.20 EPS for the quarter, topping the consensus estimate of $3.04 by $0.16. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.04 billion. Research analysts forecast that Air Products and Chemicals, Inc. will post 12.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on APD. UBS Group upped their target price on Air Products and Chemicals from $307.00 to $345.00 and gave the stock a “neutral” rating in a report on Tuesday, October 15th. StockNews.com raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. Jefferies Financial Group upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and lifted their target price for the company from $295.00 to $364.00 in a research note on Monday, October 7th. Barclays increased their price target on shares of Air Products and Chemicals from $290.00 to $295.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Finally, Vertical Research raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price objective on the stock in a research report on Monday, October 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $320.82.

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.