Air Products and Chemicals, Inc. (NYSE:APD) Holdings Boosted by Lantern Wealth Advisors LLC

Lantern Wealth Advisors LLC increased its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,276 shares of the basic materials company’s stock after buying an additional 76 shares during the quarter. Lantern Wealth Advisors LLC’s holdings in Air Products and Chemicals were worth $370,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Generali Investments Management Co LLC bought a new stake in Air Products and Chemicals in the 4th quarter valued at about $26,000. Raleigh Capital Management Inc. raised its holdings in shares of Air Products and Chemicals by 69.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after buying an additional 43 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of Air Products and Chemicals during the fourth quarter worth approximately $30,000. Financial Life Planners bought a new position in Air Products and Chemicals in the 4th quarter worth approximately $31,000. Finally, WR Wealth Planners LLC increased its position in Air Products and Chemicals by 40.3% in the 4th quarter. WR Wealth Planners LLC now owns 108 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 31 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Barclays lowered their price target on Air Products and Chemicals from $355.00 to $325.00 and set an “overweight” rating on the stock in a report on Friday, May 2nd. Citigroup lowered their target price on Air Products and Chemicals from $373.00 to $345.00 and set a “buy” rating on the stock in a report on Tuesday, March 25th. Sanford C. Bernstein upgraded shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $375.00 price objective for the company in a research report on Friday, January 31st. StockNews.com downgraded shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Finally, BMO Capital Markets lowered shares of Air Products and Chemicals from an “outperform” rating to a “market perform” rating in a research report on Friday, February 7th. Two analysts have rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $330.38.

Air Products and Chemicals Stock Down 0.5%

Air Products and Chemicals stock opened at $277.42 on Tuesday. Air Products and Chemicals, Inc. has a twelve month low of $243.69 and a twelve month high of $341.14. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.96 and a current ratio of 1.11. The firm has a market cap of $61.74 billion, a PE ratio of 16.11, a P/E/G ratio of 3.07 and a beta of 0.88. The firm’s 50 day moving average price is $275.64 and its two-hundred day moving average price is $299.73.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Thursday, May 1st. The basic materials company reported $2.69 EPS for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.14). Air Products and Chemicals had a net margin of 31.88% and a return on equity of 15.78%. The firm had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter last year, the firm earned $2.85 EPS. The business’s revenue for the quarter was down .5% compared to the same quarter last year. On average, research analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Insider Buying and Selling

In other news, VP Walter L. Nelson sold 589 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $308.50, for a total transaction of $181,706.50. Following the transaction, the vice president now owns 719 shares in the company, valued at $221,811.50. This represents a 45.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kurt Lefevere sold 1,500 shares of Air Products and Chemicals stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $316.17, for a total transaction of $474,255.00. Following the completion of the sale, the insider now directly owns 1,462 shares of the company’s stock, valued at approximately $462,240.54. The trade was a 50.64% decrease in their position. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by corporate insiders.

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.