Unique Wealth Strategies LLC Makes New Investment in Air Products and Chemicals, Inc. (NYSE:APD)

Unique Wealth Strategies LLC bought a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,173 shares of the basic materials company’s stock, valued at approximately $869,000.

A number of other institutional investors and hedge funds have also made changes to their positions in APD. Morgan Stanley lifted its stake in Air Products and Chemicals by 4.6% in 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 buying an additional 235,037 shares during the last quarter. Northern Trust Corp boosted its stake in Air Products and Chemicals by 1.0% during the 3rd quarter. Northern Trust Corp now owns 3,829,919 shares of the basic materials company’s stock valued at $1,085,399,000 after purchasing an additional 39,215 shares during the period. Raymond James & Associates grew its position 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 purchasing an additional 66,906 shares during the last quarter. FMR LLC increased its stake in shares of Air Products and Chemicals by 1.3% in the third quarter. FMR LLC now owns 1,715,055 shares of the basic materials company’s stock valued at $486,047,000 after purchasing an additional 21,422 shares during the period. Finally, Stifel Financial Corp raised its holdings in shares of Air Products and Chemicals by 1.5% during the third quarter. Stifel Financial Corp now owns 1,339,666 shares of the basic materials company’s stock valued at $379,680,000 after buying an additional 20,113 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Price Performance

Shares of NYSE APD traded up $1.00 during trading on Friday, hitting $236.08. The company had a trading volume of 1,251,373 shares, compared to its average volume of 1,281,333. The business’s 50-day moving average is $237.14 and its 200 day moving average is $255.82. The company has a market cap of $52.48 billion, a P/E ratio of 22.53, a PEG ratio of 2.59 and a beta of 0.81. 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, Inc. has a 52 week low of $212.24 and a 52 week high of $307.71.

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Morgan Stanley lowered their target price on Air Products and Chemicals from $285.00 to $240.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. Bank of America upgraded shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $264.00 target price for the company in a research report on Thursday, February 15th. UBS Group downgraded shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $328.00 to $241.00 in a research report on Thursday, February 8th. Citigroup increased their price objective on shares of Air Products and Chemicals from $260.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Finally, Wells Fargo & Company cut Air Products and Chemicals from an “overweight” rating to an “equal weight” rating in a report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Air Products and Chemicals presently has an average rating of “Hold” and a consensus price target of $276.36.

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.