Quantinno Capital Management LP Raises Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Quantinno Capital Management LP increased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 19.3% in the 4th quarter, Holdings Channel reports. The firm owned 28,468 shares of the basic materials company’s stock after purchasing an additional 4,607 shares during the period. Quantinno Capital Management LP’s holdings in Air Products and Chemicals were worth $8,257,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Wedmont Private Capital grew its holdings in Air Products and Chemicals by 12.7% in the 4th quarter. Wedmont Private Capital now owns 1,694 shares of the basic materials company’s stock valued at $497,000 after buying an additional 191 shares in the last quarter. Miracle Mile Advisors LLC grew its holdings in Air Products and Chemicals by 46.5% in the 4th quarter. Miracle Mile Advisors LLC now owns 2,213 shares of the basic materials company’s stock valued at $642,000 after buying an additional 702 shares in the last quarter. Oak Thistle LLC purchased a new stake in Air Products and Chemicals in the 4th quarter valued at $637,000. Fifth Third Wealth Advisors LLC grew its holdings in Air Products and Chemicals by 10.2% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 5,113 shares of the basic materials company’s stock valued at $1,483,000 after buying an additional 473 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in Air Products and Chemicals by 3.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 5,975 shares of the basic materials company’s stock valued at $1,733,000 after buying an additional 182 shares in the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Performance

Shares of Air Products and Chemicals stock opened at $274.66 on Friday. The business has a 50-day moving average of $276.37 and a 200 day moving average of $300.37. Air Products and Chemicals, Inc. has a 12 month low of $243.69 and a 12 month high of $341.14. The stock has a market capitalization of $61.12 billion, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 3.07 and a beta of 0.88. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.11 and a quick ratio of 0.96.

Air Products and Chemicals (NYSE:APD) last announced 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 for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter last year, the business earned $2.85 earnings per share. The business’s revenue was down .5% compared to the same quarter last year. As a group, sell-side analysts forecast that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Insider Buying and Selling at Air Products and Chemicals

In other Air Products and Chemicals news, insider Wilbur Mok sold 1,300 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $315.88, for a total value of $410,644.00. Following the sale, the insider now owns 3,193 shares of the company’s stock, valued at $1,008,604.84. This trade represents a 28.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Walter L. Nelson sold 589 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $308.50, for a total value of $181,706.50. Following the completion of the sale, the vice president now directly owns 719 shares in the company, valued at $221,811.50. This represents a 45.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,751 shares of company stock valued at $1,812,572 in the last quarter. Corporate insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

APD has been the subject of several analyst reports. BNP Paribas upgraded Air Products and Chemicals to a “strong-buy” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $320.00 target price (down from $345.00) on shares of Air Products and Chemicals in a report on Friday, February 7th. Barclays dropped their target price on Air Products and Chemicals from $355.00 to $325.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. Bank of America cut Air Products and Chemicals from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $330.00 to $282.00 in a report on Tuesday, April 15th. Finally, StockNews.com cut Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $330.38.

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.