Mission Wealth Management LP Reduces Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Mission Wealth Management LP lowered its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 12.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,034 shares of the basic materials company’s stock after selling 141 shares during the period. Mission Wealth Management LP’s holdings in Air Products and Chemicals were worth $283,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of APD. Morgan Stanley lifted its holdings in Air Products and Chemicals by 4.6% during 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 last quarter. Northern Trust Corp boosted its holdings in Air Products and Chemicals by 1.0% in the 3rd quarter. Northern Trust Corp now owns 3,829,919 shares of the basic materials company’s stock worth $1,085,399,000 after buying an additional 39,215 shares during the period. Raymond James & Associates boosted its holdings in Air Products and Chemicals by 3.6% in the 4th quarter. Raymond James & Associates now owns 1,931,619 shares of the basic materials company’s stock worth $528,877,000 after buying an additional 66,906 shares during the period. FMR LLC grew its stake in Air Products and Chemicals by 1.3% in the 3rd quarter. FMR LLC now owns 1,715,055 shares of the basic materials company’s stock valued at $486,047,000 after buying an additional 21,422 shares in the last quarter. Finally, Stifel Financial Corp raised its holdings in Air Products and Chemicals by 1.5% during the 3rd quarter. Stifel Financial Corp now owns 1,339,666 shares of the basic materials company’s stock valued at $379,680,000 after acquiring an additional 20,113 shares during the period. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Up 0.9 %

Shares of NYSE APD opened at $245.87 on Friday. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $307.71. The company has a current ratio of 1.49, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. The firm has a fifty day simple moving average of $237.96 and a two-hundred day simple moving average of $254.47. The firm has a market capitalization of $54.66 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 2.62 and a beta of 0.80.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.15. The business had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $3.05 billion. Air Products and Chemicals had a return on equity of 16.56% and a net margin of 20.32%. The business’s revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.74 EPS. Equities analysts expect that Air Products and Chemicals, Inc. will post 12.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Bank of America boosted their price objective on Air Products and Chemicals from $272.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday. Seaport Res Ptn downgraded shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. Argus lowered shares of Air Products and Chemicals from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. Barclays decreased their target price on shares of Air Products and Chemicals from $260.00 to $245.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 6th. Finally, Mizuho cut their price target on shares of Air Products and Chemicals from $295.00 to $286.00 and set a “buy” rating for the company in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Air Products and Chemicals has a consensus rating of “Hold” and a consensus 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.