Brasada Capital Management LP Has $1.70 Million Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Brasada Capital Management LP decreased its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 9.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,645 shares of the basic materials company’s stock after selling 609 shares during the period. Brasada Capital Management LP’s holdings in Air Products and Chemicals were worth $1,703,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Generali Investments Management Co LLC acquired a new stake in Air Products and Chemicals during the 4th quarter valued at $26,000. Raleigh Capital Management Inc. raised its position in shares of Air Products and Chemicals by 69.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 43 shares during the period. Sierra Ocean LLC acquired a new stake in shares of Air Products and Chemicals during the 4th quarter worth about $30,000. Financial Life Planners bought a new stake in shares of Air Products and Chemicals during the 4th quarter worth about $31,000. Finally, WR Wealth Planners LLC raised its holdings in Air Products and Chemicals by 40.3% in the 4th quarter. WR Wealth Planners LLC now owns 108 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 31 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Up 3.0 %

Shares of Air Products and Chemicals stock opened at $265.44 on Wednesday. The firm has a market cap of $59.05 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 3.07 and a beta of 0.89. The stock’s 50-day moving average is $290.69 and its 200 day moving average is $306.22. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.11 and a quick ratio of 0.96. Air Products and Chemicals, Inc. has a one year low of $228.81 and a one year high of $341.14.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, February 6th. The basic materials company reported $2.86 EPS for the quarter, missing the consensus estimate of $3.13 by ($0.27). Air Products and Chemicals had a return on equity of 15.78% and a net margin of 31.88%. Equities research analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Insider Activity

In related news, CFO Melissa N. Schaeffer sold 3,233 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $307.32, for a total value of $993,565.56. Following the completion of the sale, the chief financial officer now directly owns 10,680 shares of the company’s stock, valued at $3,282,177.60. The trade was a 23.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Walter L. Nelson sold 589 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $308.50, for a total value of $181,706.50. Following the completion of the transaction, the vice president now owns 719 shares in the company, valued at approximately $221,811.50. The trade was a 45.03 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,500 shares of company stock worth $4,842,604. Company insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

APD has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their price objective on Air Products and Chemicals from $365.00 to $320.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. Barclays dropped their target price on Air Products and Chemicals from $365.00 to $355.00 and set an “overweight” rating for the company in a report on Tuesday, April 1st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $320.00 price target (down from $345.00) on shares of Air Products and Chemicals in a research report on Friday, February 7th. Bank of America cut Air Products and Chemicals from a “neutral” rating to an “underperform” rating and cut their price target for the company from $330.00 to $282.00 in a research note on Tuesday, April 15th. Finally, StockNews.com cut Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $332.18.

About Air Products and Chemicals

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.