Concord Wealth Partners Acquires 145 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

by · The Cerbat Gem

Concord Wealth Partners lifted its holdings in Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 13.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,218 shares of the basic materials company’s stock after acquiring an additional 145 shares during the period. Concord Wealth Partners’ holdings in Air Products and Chemicals were worth $363,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Iron Horse Wealth Management LLC boosted its holdings in shares of Air Products and Chemicals by 88.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 55 shares during the period. Meeder Asset Management Inc. bought a new position in Air Products and Chemicals during the second quarter valued at $32,000. Hexagon Capital Partners LLC raised its stake in shares of Air Products and Chemicals by 2,250.0% in the first quarter. Hexagon Capital Partners LLC now owns 141 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 135 shares during the period. Trifecta Capital Advisors LLC lifted its holdings in shares of Air Products and Chemicals by 1,700.0% in the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 136 shares during the last quarter. Finally, Beacon Capital Management LLC lifted its holdings in shares of Air Products and Chemicals by 128.8% in the 1st quarter. Beacon Capital Management LLC now owns 183 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Down 0.6 %

APD stock traded down $1.99 on Monday, hitting $316.03. 284,902 shares of the company’s stock were exchanged, compared to its average volume of 1,610,637. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $332.42. The firm has a 50 day moving average price of $294.60 and a two-hundred day moving average price of $271.98. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.27. The stock has a market cap of $70.26 billion, a P/E ratio of 28.70, a price-to-earnings-growth ratio of 3.87 and a beta of 0.82.

Air Products and Chemicals (NYSE:APD – Get Free Report) last announced its earnings results on Thursday, August 1st. The basic materials company reported $3.20 earnings per share 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 the consensus estimate of $3.04 billion. As a group, equities research analysts expect that Air Products and Chemicals, Inc. will post 12.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on APD shares. Jefferies Financial Group raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and increased their price objective for the stock from $295.00 to $364.00 in a research report on Monday, October 7th. Citigroup raised their price target on Air Products and Chemicals from $330.00 to $345.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. JPMorgan Chase & Co. boosted their price objective on Air Products and Chemicals from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Redburn Atlantic upgraded Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price on the stock in a research note on Friday. Finally, UBS Group boosted their target price on shares of Air Products and Chemicals from $307.00 to $345.00 and gave the company a “neutral” rating in a research note on Tuesday, October 15th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $326.12.

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Air Products and Chemicals Company Profile

(Free Report)

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.

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