Stonebrook Private Inc. Acquires New Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Stonebrook Private Inc. acquired a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 7,835 shares of the basic materials company’s stock, valued at approximately $2,145,000.

Other hedge funds also recently bought and sold shares of the company. Avior Wealth Management LLC raised its holdings in Air Products and Chemicals by 25.5% during the 3rd quarter. Avior Wealth Management LLC now owns 207 shares of the basic materials company’s stock valued at $59,000 after buying an additional 42 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in Air Products and Chemicals by 1.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 74,786 shares of the basic materials company’s stock valued at $21,194,000 after buying an additional 729 shares during the last quarter. Simplicity Solutions LLC raised its holdings in Air Products and Chemicals by 4.6% during the 3rd quarter. Simplicity Solutions LLC now owns 6,739 shares of the basic materials company’s stock valued at $1,910,000 after buying an additional 299 shares during the last quarter. Slow Capital Inc. raised its holdings in Air Products and Chemicals by 13.9% during the 3rd quarter. Slow Capital Inc. now owns 5,380 shares of the basic materials company’s stock valued at $1,531,000 after buying an additional 658 shares during the last quarter. Finally, Valeo Financial Advisors LLC raised its holdings in Air Products and Chemicals by 6.7% during the 3rd quarter. Valeo Financial Advisors LLC now owns 3,887 shares of the basic materials company’s stock valued at $1,101,000 after buying an additional 245 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. UBS Group downgraded shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $328.00 to $241.00 in a research report on Thursday, February 8th. BMO Capital Markets reduced their price objective on shares of Air Products and Chemicals from $307.00 to $250.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 6th. Citigroup boosted 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 research report on Wednesday, April 10th. Mizuho reduced their price objective on shares of Air Products and Chemicals from $304.00 to $295.00 and set a “buy” rating on the stock in a research report on Tuesday, February 6th. Finally, StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $276.36.

Air Products and Chemicals Price Performance

Shares of APD stock traded up $1.00 on Friday, reaching $236.08. The company’s stock had a trading volume of 1,251,373 shares, compared to its average volume of 1,281,333. The stock’s fifty day simple moving average is $237.14 and its 200-day simple moving average is $255.60. 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 current ratio of 1.81, a quick ratio of 1.58 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $52.48 billion, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of 2.60 and a beta of 0.81.

Air Products and Chemicals (NYSE:APD) last posted its 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 net margin of 18.82% and a return on equity of 16.84%. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same period last year, the business posted $2.64 earnings per share. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. Analysts forecast that Air Products and Chemicals, Inc. will post 12.38 earnings per share for the current fiscal year.

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.