Linscomb Wealth Inc. Grows Position in Air Products and Chemicals, Inc. $APD

Linscomb Wealth Inc. lifted its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 4.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,444 shares of the basic materials company’s stock after buying an additional 831 shares during the quarter. Linscomb Wealth Inc.’s holdings in Air Products and Chemicals were worth $5,766,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Creative Financial Designs Inc. ADV lifted its holdings in shares of Air Products and Chemicals by 4.1% in the second quarter. Creative Financial Designs Inc. ADV now owns 4,567 shares of the basic materials company’s stock worth $1,288,000 after buying an additional 180 shares in the last quarter. AMG National Trust Bank lifted its holdings in shares of Air Products and Chemicals by 2.4% in the second quarter. AMG National Trust Bank now owns 3,156 shares of the basic materials company’s stock worth $890,000 after buying an additional 73 shares in the last quarter. IFG Advisory LLC lifted its holdings in shares of Air Products and Chemicals by 6.7% in the second quarter. IFG Advisory LLC now owns 9,769 shares of the basic materials company’s stock worth $2,756,000 after buying an additional 617 shares in the last quarter. BLB&B Advisors LLC lifted its holdings in shares of Air Products and Chemicals by 1.7% in the second quarter. BLB&B Advisors LLC now owns 2,392 shares of the basic materials company’s stock worth $675,000 after buying an additional 40 shares in the last quarter. Finally, Silver Coast Investments LLC lifted its holdings in shares of Air Products and Chemicals by 5.4% in the second quarter. Silver Coast Investments LLC now owns 1,388 shares of the basic materials company’s stock worth $392,000 after buying an additional 71 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Insiders Place Their Bets

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of the business’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $292.38, for a total transaction of $397,344.42. Following the transaction, the vice president owned 8,686 shares in the company, valued at $2,539,612.68. The trade was a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.41% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

APD has been the topic of a number of recent research reports. Argus raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a research note on Friday, September 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Air Products and Chemicals in a research note on Wednesday, October 8th. UBS Group decreased their price target on shares of Air Products and Chemicals from $354.00 to $350.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. Citigroup decreased their price target on shares of Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. Finally, Wall Street Zen raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $330.00.

Air Products and Chemicals Trading Down 1.6%

APD stock opened at $244.46 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.93. Air Products and Chemicals, Inc. has a twelve month low of $243.69 and a twelve month high of $341.14. The stock has a market capitalization of $54.41 billion, a price-to-earnings ratio of 35.17, a price-to-earnings-growth ratio of 5.16 and a beta of 0.83. The firm’s fifty day simple moving average is $274.81 and its two-hundred day simple moving average is $278.79.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $0.10. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. The business had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.95 billion. During the same quarter in the previous year, the business posted $3.20 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. As a group, analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

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.