Consolidated Planning Corp Increases Position in Air Products and Chemicals, Inc. (NYSE:APD)

Consolidated Planning Corp raised its position in Air Products and Chemicals, Inc. (NYSE:APD) by 9.8% during the fourth quarter, Holdings Channel reports. The firm owned 12,699 shares of the basic materials company’s stock after buying an additional 1,134 shares during the quarter. Consolidated Planning Corp’s holdings in Air Products and Chemicals were worth $3,477,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of APD. Nordea Investment Management AB grew its stake in shares of Air Products and Chemicals by 1,696.4% during the fourth quarter. Nordea Investment Management AB now owns 518,197 shares of the basic materials company’s stock worth $142,344,000 after purchasing an additional 489,350 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Air Products and Chemicals by 64.2% in the third quarter. Envestnet Asset Management Inc. now owns 766,076 shares of the basic materials company’s stock valued at $217,106,000 after acquiring an additional 299,649 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Air Products and Chemicals by 26,852.1% in the fourth quarter. International Assets Investment Management LLC now owns 275,720 shares of the basic materials company’s stock valued at $754,920,000 after acquiring an additional 274,697 shares in the last quarter. Morgan Stanley raised its holdings in shares of Air Products and Chemicals by 4.6% in the third quarter. Morgan Stanley now owns 5,302,455 shares of the basic materials company’s stock valued at $1,502,717,000 after buying an additional 235,037 shares during the last quarter. Finally, Truist Financial Corp raised its holdings in shares of Air Products and Chemicals by 36.4% in the fourth quarter. Truist Financial Corp now owns 700,099 shares of the basic materials company’s stock valued at $191,687,000 after buying an additional 186,894 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

Shares of NYSE:APD traded up $1.00 during midday trading on Friday, reaching $236.08. 1,251,373 shares of the company’s stock were exchanged, compared to its average volume of 1,281,333. The company’s 50 day simple moving average is $237.14 and its two-hundred day simple moving average is $255.82. The firm has a market capitalization of $52.48 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 2.59 and a beta of 0.81. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $307.71. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.58 and a current ratio of 1.81.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Monday, February 5th. The basic materials company reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.18). The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $3.20 billion. Air Products and Chemicals had a return on equity of 16.84% and a net margin of 18.82%. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.64 EPS. Equities research analysts expect that Air Products and Chemicals, Inc. will post 12.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on APD shares. Morgan Stanley lowered their target price on shares of Air Products and Chemicals from $285.00 to $240.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. Bank of America upgraded shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $264.00 target price on the stock in a research report on Thursday, February 15th. Wolfe Research began coverage on shares of Air Products and Chemicals in a research note on Friday, March 1st. They set an “outperform” rating and a $279.00 price target on the stock. StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday, April 22nd. Finally, Argus downgraded shares of Air Products and Chemicals from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $276.36.

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.