Evexia Wealth LLC Raises Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Evexia Wealth LLC increased its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,337 shares of the basic materials company’s stock after purchasing an additional 313 shares during the quarter. Evexia Wealth LLC’s holdings in Air Products and Chemicals were worth $2,152,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Air Products and Chemicals during the 4th quarter worth approximately $27,000. Roble Belko & Company Inc purchased a new stake in Air Products and Chemicals during the fourth quarter worth $27,000. Stuart Chaussee & Associates Inc. grew its holdings in Air Products and Chemicals by 257.6% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 118 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 85 shares during the last quarter. Rakuten Securities Inc. purchased a new position in shares of Air Products and Chemicals in the fourth quarter valued at $33,000. Finally, Legacy Bridge LLC acquired a new position in shares of Air Products and Chemicals during the 4th quarter worth $35,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Trading Up 0.4 %

Shares of Air Products and Chemicals stock traded up $1.05 during trading hours on Tuesday, reaching $248.65. The stock had a trading volume of 1,094,280 shares, compared to its average volume of 1,722,390. The company has a current ratio of 1.49, a quick ratio of 1.31 and a debt-to-equity ratio of 0.77. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $307.71. The firm has a market capitalization of $55.28 billion, a price-to-earnings ratio of 22.44, a P/E/G ratio of 2.66 and a beta of 0.80. The firm has a 50 day simple moving average of $238.93 and a two-hundred day simple moving average of $253.28.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share for the quarter, beating 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 firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same period in the previous year, the company posted $2.74 earnings per share. Air Products and Chemicals’s revenue was down 8.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Air Products and Chemicals, Inc. will post 12.31 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on APD shares. JPMorgan Chase & Co. dropped their target price on shares of Air Products and Chemicals from $270.00 to $260.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. UBS Group downgraded Air Products and Chemicals from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $328.00 to $241.00 in a research report on Thursday, February 8th. StockNews.com downgraded Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Thursday, May 2nd. Mizuho dropped their price objective on Air Products and Chemicals from $295.00 to $286.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Finally, Morgan Stanley reduced 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 report on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $277.43.

Air Products and Chemicals Company 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.