Carson Advisory Inc. Trims Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Carson Advisory Inc. decreased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 18.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 910 shares of the basic materials company’s stock after selling 203 shares during the period. Carson Advisory Inc.’s holdings in Air Products and Chemicals were worth $249,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB increased its stake in 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 acquiring an additional 489,350 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Air Products and Chemicals by 64.2% during 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 buying an additional 299,649 shares in the last quarter. International Assets Investment Management LLC grew its stake in Air Products and Chemicals by 26,852.1% during the fourth quarter. International Assets Investment Management LLC now owns 275,720 shares of the basic materials company’s stock worth $754,920,000 after buying an additional 274,697 shares during the period. Morgan Stanley raised its position in 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 purchasing an additional 235,037 shares during the period. Finally, Truist Financial Corp raised its holdings in shares of Air Products and Chemicals by 36.4% during the 4th 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 period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on APD shares. TD Cowen upped their target price on shares of Air Products and Chemicals from $305.00 to $320.00 and gave the company a “buy” rating in a research note on Wednesday. Bank of America lifted their target price on Air Products and Chemicals from $272.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday. Barclays lowered their price objective on Air Products and Chemicals from $260.00 to $245.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 6th. StockNews.com raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd. Finally, TheStreet downgraded shares of Air Products and Chemicals from a “b” rating to a “c+” rating in a research report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Air Products and Chemicals currently has an average rating of “Hold” and a consensus price target of $277.43.

Air Products and Chemicals Stock Performance

Shares of APD traded up $6.20 on Thursday, reaching $243.69. 1,810,784 shares of the stock traded hands, compared to its average volume of 1,740,868. The firm has a market cap of $54.17 billion, a price-to-earnings ratio of 21.44, a P/E/G ratio of 2.60 and a beta of 0.80. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $307.71. The stock’s 50-day moving average price is $237.72 and its 200-day moving average price is $254.55. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.49 and a quick ratio of 1.58.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $2.70 by $0.15. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same period last year, the firm earned $2.74 EPS. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. Equities analysts forecast that Air Products and Chemicals, Inc. will post 12.38 EPS for the current fiscal year.

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.