Waldron Private Wealth LLC Buys 55 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Waldron Private Wealth LLC lifted its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 4.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,350 shares of the basic materials company’s stock after buying an additional 55 shares during the quarter. Waldron Private Wealth LLC’s holdings in Air Products and Chemicals were worth $402,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in APD. Wellington Management Group LLP bought a new position in shares of Air Products and Chemicals in the fourth quarter worth about $1,525,000. International Assets Investment Management LLC grew its position in shares of Air Products and Chemicals by 106.8% during the first quarter. International Assets Investment Management LLC now owns 2,082 shares of the basic materials company’s stock worth $507,000 after purchasing an additional 1,075 shares in the last quarter. Dynamic Advisor Solutions LLC grew its position in shares of Air Products and Chemicals by 96.1% during the first quarter. Dynamic Advisor Solutions LLC now owns 8,399 shares of the basic materials company’s stock worth $2,035,000 after purchasing an additional 4,116 shares in the last quarter. Thompson Investment Management Inc. purchased a new stake in shares of Air Products and Chemicals during the first quarter worth about $27,000. Finally, Defined Wealth Management LLC grew its position in shares of Air Products and Chemicals by 15.8% during the first quarter. Defined Wealth Management LLC now owns 1,958 shares of the basic materials company’s stock worth $474,000 after purchasing an additional 267 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Down 0.4 %

Shares of NYSE APD opened at $330.38 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.77. The business has a fifty day simple moving average of $291.79 and a two-hundred day simple moving average of $270.20. The firm has a market cap of $73.45 billion, a PE ratio of 29.82, a price-to-earnings-growth ratio of 3.87 and a beta of 0.82. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $332.42.

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

Wall Street Analyst Weigh In

APD has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their target price on Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. UBS Group raised their price target on Air Products and Chemicals from $307.00 to $345.00 and gave the company a “neutral” rating in a report on Tuesday, October 15th. Barclays raised their price target on Air Products and Chemicals from $290.00 to $295.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Vertical Research upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price target for the company in a report on Monday, October 7th. Finally, Wells Fargo & Company raised their price target on Air Products and Chemicals from $280.00 to $330.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.