Consolidated Planning Corp Purchases 1,134 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Consolidated Planning Corp boosted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 9.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,699 shares of the basic materials company’s stock after purchasing an additional 1,134 shares during the quarter. Consolidated Planning Corp’s holdings in Air Products and Chemicals were worth $3,477,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APD. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Air Products and Chemicals in the 4th quarter valued at about $27,000. Roble Belko & Company Inc bought a new stake in shares of Air Products and Chemicals in the 4th quarter valued at about $27,000. Stuart Chaussee & Associates Inc. grew its position in shares of Air Products and Chemicals by 257.6% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 118 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 85 shares during the period. Rakuten Securities Inc. acquired a new position in shares of Air Products and Chemicals in the 4th quarter valued at approximately $33,000. Finally, Legacy Bridge LLC acquired a new position in shares of Air Products and Chemicals in the 4th quarter valued at approximately $35,000. 81.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. UBS Group downgraded Air Products and Chemicals from a “buy” rating to a “neutral” rating and cut their price objective for the company from $328.00 to $241.00 in a report on Thursday, February 8th. Argus cut Air Products and Chemicals from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. TD Cowen decreased their price target on Air Products and Chemicals from $345.00 to $305.00 and set an “outperform” rating on the stock in a research report on Friday, February 16th. Morgan Stanley lowered their price objective on Air Products and Chemicals from $285.00 to $240.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 7th. Finally, StockNews.com upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Air Products and Chemicals currently has an average rating of “Hold” and an average target price of $276.36.

Air Products and Chemicals Trading Up 0.4 %

APD stock traded up $1.00 during trading on Friday, hitting $236.08. 1,251,373 shares of the company traded hands, compared to its average volume of 1,281,333. The firm has a market capitalization of $52.48 billion, a PE ratio of 22.53, a P/E/G ratio of 2.59 and a beta of 0.81. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $307.71. The company has a 50-day moving average of $237.14 and a 200-day moving average of $255.82. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.58 and a current ratio of 1.81.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Monday, February 5th. The basic materials company reported $2.82 earnings per share for the quarter, missing the consensus estimate of $3.00 by ($0.18). Air Products and Chemicals had a net margin of 18.82% and a return on equity of 16.84%. The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the prior year, the company earned $2.64 earnings per share. The company’s revenue was down 5.6% compared to the same quarter last year. Analysts predict that Air Products and Chemicals, Inc. will post 12.38 earnings per share for the current fiscal year.

Air Products and Chemicals 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.