Air Products and Chemicals, Inc. (NYSE:APD) Holdings Increased by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC grew its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 12.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,859 shares of the basic materials company’s stock after buying an additional 544 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Air Products and Chemicals were worth $1,409,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in APD. Chelsea Counsel Co. raised its position in shares of Air Products and Chemicals by 1.5% during the 3rd quarter. Chelsea Counsel Co. now owns 3,377 shares of the basic materials company’s stock worth $1,005,000 after buying an additional 50 shares in the last quarter. Tudor Financial Inc. bought a new stake in shares of Air Products and Chemicals during the 3rd quarter worth about $1,654,000. Anchor Investment Management LLC grew its stake in shares of Air Products and Chemicals by 35.5% in the 3rd quarter. Anchor Investment Management LLC now owns 2,930 shares of the basic materials company’s stock worth $872,000 after purchasing an additional 768 shares during the last quarter. World Investment Advisors LLC grew its stake in shares of Air Products and Chemicals by 1,205.1% in the 3rd quarter. World Investment Advisors LLC now owns 38,423 shares of the basic materials company’s stock worth $11,440,000 after purchasing an additional 35,479 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB grew its stake in shares of Air Products and Chemicals by 286.7% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 21,299 shares of the basic materials company’s stock worth $6,342,000 after purchasing an additional 15,791 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on APD. StockNews.com cut shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. UBS Group lowered their price objective on shares of Air Products and Chemicals from $370.00 to $335.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. Sanford C. Bernstein raised shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $375.00 price objective on the stock in a research note on Friday, January 31st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $320.00 price objective (down previously from $345.00) on shares of Air Products and Chemicals in a research note on Friday, February 7th. Finally, Wells Fargo & Company lowered their price objective on shares of Air Products and Chemicals from $365.00 to $320.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $332.18.

Air Products and Chemicals Stock Performance

Shares of APD opened at $269.62 on Tuesday. The company’s 50 day moving average price is $286.76 and its 200 day moving average price is $304.88. Air Products and Chemicals, Inc. has a 52 week low of $228.81 and a 52 week high of $341.14. The company has a market capitalization of $59.98 billion, a PE ratio of 15.66, a PEG ratio of 3.07 and a beta of 0.89. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.96 and a current ratio of 1.11.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, February 6th. The basic materials company reported $2.86 EPS for the quarter, missing analysts’ consensus estimates of $3.13 by ($0.27). Air Products and Chemicals had a net margin of 31.88% and a return on equity of 15.78%. Research analysts expect that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Insider Activity at Air Products and Chemicals

In other Air Products and Chemicals news, insider Kurt Lefevere sold 1,500 shares of Air Products and Chemicals stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $316.17, for a total value of $474,255.00. Following the completion of the sale, the insider now directly owns 1,462 shares in the company, valued at $462,240.54. The trade was a 50.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Melissa N. Schaeffer sold 3,233 shares of Air Products and Chemicals stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $307.32, for a total transaction of $993,565.56. Following the completion of the sale, the chief financial officer now owns 10,680 shares of the company’s stock, valued at $3,282,177.60. This trade represents a 23.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,500 shares of company stock valued at $4,842,604. Corporate insiders own 0.41% of the company’s stock.

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.