Ossiam Grows Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Ossiam boosted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 36.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,186 shares of the basic materials company’s stock after buying an additional 315 shares during the quarter. Ossiam’s holdings in Air Products and Chemicals were worth $344,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of APD. First Horizon Advisors Inc. grew its holdings in Air Products and Chemicals by 1.8% during the 4th quarter. First Horizon Advisors Inc. now owns 1,742 shares of the basic materials company’s stock valued at $505,000 after purchasing an additional 31 shares during the last quarter. Lake Street Advisors Group LLC grew its stake in shares of Air Products and Chemicals by 1.6% during the fourth quarter. Lake Street Advisors Group LLC now owns 2,028 shares of the basic materials company’s stock valued at $588,000 after buying an additional 31 shares during the last quarter. WR Wealth Planners LLC lifted its stake in shares of Air Products and Chemicals by 40.3% during the 4th quarter. WR Wealth Planners LLC now owns 108 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 31 shares during the last quarter. Silver Oak Securities Incorporated boosted its holdings in Air Products and Chemicals by 1.1% during the 4th quarter. Silver Oak Securities Incorporated now owns 3,074 shares of the basic materials company’s stock valued at $888,000 after acquiring an additional 32 shares during the period. Finally, SRS Capital Advisors Inc. grew its position in Air Products and Chemicals by 3.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 974 shares of the basic materials company’s stock valued at $282,000 after acquiring an additional 33 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Up 3.0 %

Shares of Air Products and Chemicals stock opened at $265.44 on Wednesday. Air Products and Chemicals, Inc. has a 52-week low of $228.81 and a 52-week high of $341.14. The firm’s 50 day moving average price is $290.69 and its 200-day moving average price is $306.22. The company has a quick ratio of 0.96, a current ratio of 1.11 and a debt-to-equity ratio of 0.71. The company has a market cap of $59.05 billion, a P/E ratio of 15.41, a PEG ratio of 3.07 and a beta of 0.89.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, February 6th. The basic materials company reported $2.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. On average, sell-side analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Insiders Place Their Bets

In other Air Products and Chemicals news, insider Francesco Maione sold 2,016 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $306.00, for a total value of $616,896.00. Following the completion of the transaction, the insider now owns 3,834 shares of the company’s stock, valued at approximately $1,173,204. This trade represents a 34.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Melissa N. Schaeffer sold 3,233 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $307.32, for a total value of $993,565.56. Following the sale, the chief financial officer now owns 10,680 shares in the company, valued at approximately $3,282,177.60. The trade was a 23.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,500 shares of company stock valued at $4,842,604. 0.41% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

APD has been the subject of several research analyst reports. Wells Fargo & Company decreased their target price on Air Products and Chemicals from $365.00 to $320.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $320.00 price objective (down previously from $345.00) on shares of Air Products and Chemicals in a report on Friday, February 7th. UBS Group dropped their target price on shares of Air Products and Chemicals from $370.00 to $335.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. BMO Capital Markets downgraded shares of Air Products and Chemicals from an “outperform” rating to a “market perform” rating in a research note on Friday, February 7th. Finally, Citigroup lowered their price target on Air Products and Chemicals from $373.00 to $345.00 and set a “buy” rating for the company in a report on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $332.18.

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.