Surevest LLC lifted its stake in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 1.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,593 shares of the basic materials company’s stock after purchasing an additional 217 shares during the quarter. Air Products & Chemicals comprises about 1.6% of Surevest LLC’s investment portfolio, making the stock its 18th largest holding. Surevest LLC’s holdings in Air Products & Chemicals were worth $4,049,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of APD. Crewe Advisors LLC acquired a new position in shares of Air Products & Chemicals in the 3rd quarter worth approximately $31,000. Toth Financial Advisory Corp acquired a new position in Air Products & Chemicals in the second quarter worth approximately $27,000. Evolution Wealth Advisors LLC grew its position in Air Products & Chemicals by 56.9% in the third quarter. Evolution Wealth Advisors LLC now owns 113 shares of the basic materials company’s stock worth $34,000 after buying an additional 41 shares during the last quarter. Watson Rebecca bought a new position in shares of Air Products & Chemicals in the second quarter valued at $35,000. Finally, TCTC Holdings LLC acquired a new stake in shares of Air Products & Chemicals during the 2nd quarter valued at $36,000. 83.32% of the stock is owned by institutional investors and hedge funds.
APD traded up $2.18 during midday trading on Friday, hitting $298.14. 1,398,650 shares of the company’s stock traded hands, compared to its average volume of 1,206,404. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.48 and a quick ratio of 3.32. The company has a market cap of $65.86 billion, a PE ratio of 34.79, a price-to-earnings-growth ratio of 3.50 and a beta of 0.85. The stock’s fifty day simple moving average is $297.40 and its 200-day simple moving average is $260.10. Air Products & Chemicals, Inc. has a one year low of $167.43 and a one year high of $310.73.
Air Products & Chemicals (NYSE:APD) last announced its quarterly earnings results on Thursday, July 23rd. The basic materials company reported $2.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.98 by $0.03. Air Products & Chemicals had a net margin of 21.58% and a return on equity of 15.96%. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the prior year, the business posted $2.17 EPS. Air Products & Chemicals’s quarterly revenue was down 7.1% on a year-over-year basis. On average, research analysts expect that Air Products & Chemicals, Inc. will post 8.4 EPS for the current year.
A number of equities research analysts have recently issued reports on APD shares. Deutsche Bank Aktiengesellschaft boosted their target price on Air Products & Chemicals from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Credit Suisse Group boosted their price objective on Air Products & Chemicals from $254.00 to $317.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. SunTrust Banks raised their target price on shares of Air Products & Chemicals from $295.00 to $330.00 and gave the stock a “buy” rating in a report on Friday, July 24th. They noted that the move was a valuation call. Evercore ISI started coverage on shares of Air Products & Chemicals in a research report on Monday, September 21st. They set an “outperform” rating on the stock. Finally, BMO Capital Markets increased their price objective on Air Products & Chemicals from $359.00 to $363.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $292.38.
Air Products & Chemicals Company Profile
Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.
Featured Story: Liquidity
Want to see what other hedge funds are holding APD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Air Products & Chemicals, Inc. (NYSE:APD).
Receive News & Ratings for Air Products & Chemicals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Products & Chemicals and related companies with MarketBeat.com's FREE daily email newsletter.