FourThought Financial Partners LLC Raises Stake in Air Products and Chemicals, Inc. (NYSE:APD)

FourThought Financial Partners LLC boosted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 0.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,609 shares of the basic materials company’s stock after buying an additional 347 shares during the quarter. Air Products and Chemicals accounts for about 1.4% of FourThought Financial Partners LLC’s portfolio, making the stock its 20th largest holding. FourThought Financial Partners LLC’s holdings in Air Products and Chemicals were worth $11,119,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Turtle Creek Wealth Advisors LLC acquired a new position in Air Products and Chemicals during the fourth quarter valued at $27,000. Roble Belko & Company Inc purchased a new stake in shares of Air Products and Chemicals in the fourth quarter worth about $27,000. Stuart Chaussee & Associates Inc. grew its holdings in Air Products and Chemicals by 257.6% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 118 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 85 shares during the period. Rakuten Securities Inc. purchased a new position in Air Products and Chemicals during the fourth quarter valued at approximately $33,000. Finally, Legacy Bridge LLC purchased a new stake in Air Products and Chemicals in the 4th quarter worth approximately $35,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Price Performance

APD stock traded up $2.18 during mid-day trading on Friday, reaching $245.87. The company’s stock had a trading volume of 1,559,471 shares, compared to its average volume of 1,590,100. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $307.71. The company has a current ratio of 1.49, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. The stock has a market cap of $54.66 billion, a PE ratio of 22.19, a P/E/G ratio of 2.64 and a beta of 0.80. The company’s 50 day moving average is $238.22 and its two-hundred day moving average is $254.19.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $0.15. Air Products and Chemicals had a return on equity of 16.56% and a net margin of 20.32%. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same period in the prior year, the business earned $2.74 EPS. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. Equities research analysts expect that Air Products and Chemicals, Inc. will post 12.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on APD. Wells Fargo & Company cut shares of Air Products and Chemicals from an “overweight” rating to an “equal weight” rating in a research note on Monday, February 5th. Wolfe Research initiated coverage on Air Products and Chemicals in a research report on Friday, March 1st. They set an “outperform” rating and a $279.00 target price on the stock. StockNews.com lowered Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Thursday. TheStreet downgraded Air Products and Chemicals from a “b” rating to a “c+” rating in a research report on Monday, February 5th. Finally, BMO Capital Markets upped their target price on Air Products and Chemicals from $250.00 to $263.00 and gave the stock an “outperform” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $277.43.

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.