Verdence Capital Advisors LLC Acquires 222 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Verdence Capital Advisors LLC raised its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 12.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,985 shares of the basic materials company’s stock after acquiring an additional 222 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Air Products and Chemicals were worth $591,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in Air Products and Chemicals in the second quarter valued at about $32,000. Iron Horse Wealth Management LLC boosted its holdings in shares of Air Products and Chemicals by 88.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after buying an additional 55 shares in the last quarter. Trifecta Capital Advisors LLC grew its position in shares of Air Products and Chemicals by 1,700.0% in the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock worth $37,000 after buying an additional 136 shares during the last quarter. Beacon Capital Management LLC raised its stake in shares of Air Products and Chemicals by 128.8% during the 1st quarter. Beacon Capital Management LLC now owns 183 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 103 shares in the last quarter. Finally, Valued Wealth Advisors LLC raised its stake in shares of Air Products and Chemicals by 1,425.0% during the 2nd quarter. Valued Wealth Advisors LLC now owns 183 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 171 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 Up 0.1 %

Shares of APD opened at $312.99 on Monday. The stock’s 50-day moving average price is $301.56 and its 200-day moving average price is $277.23. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $69.58 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 3.22 and a beta of 0.81. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $332.42.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, November 7th. The basic materials company reported $3.56 EPS for the quarter, topping analysts’ consensus estimates of $3.44 by $0.12. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.19 billion. On average, sell-side analysts predict that Air Products and Chemicals, Inc. will post 12.31 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on APD shares. Jefferies Financial Group raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and lifted their price target for the stock from $295.00 to $364.00 in a report on Monday, October 7th. Wells Fargo & Company upped their target price on Air Products and Chemicals from $280.00 to $330.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Evercore ISI upgraded Air Products and Chemicals from an “in-line” rating to an “outperform” rating and increased their price target for the company from $305.00 to $365.00 in a research note on Monday, October 7th. Barclays boosted their price target on Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating for the company in a research report on Friday. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $327.00.

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.