Royal Fund Management LLC Purchases Shares of 3,624 Air Products and Chemicals, Inc. (NYSE:APD)

Royal Fund Management LLC purchased a new stake in Air Products and Chemicals, Inc. (NYSE:APD) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,624 shares of the basic materials company’s stock, valued at approximately $992,000.

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

Analyst Ratings Changes

APD has been the subject of a number of analyst reports. Bank of America increased their target price on Air Products and Chemicals from $272.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday. Barclays cut their target price on Air Products and Chemicals from $260.00 to $245.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 6th. Mizuho cut their price objective on Air Products and Chemicals from $295.00 to $286.00 and set a “buy” rating on the stock in a research report on Wednesday. Argus lowered Air Products and Chemicals from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. Finally, BMO Capital Markets lifted their price target 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 investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $277.43.

Air Products and Chemicals Stock Performance

Shares of Air Products and Chemicals stock traded up $2.18 during trading on Friday, hitting $245.87. 1,559,471 shares of the stock were exchanged, compared to its average volume of 1,590,100. The stock has a market capitalization of $54.66 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 2.64 and a beta of 0.80. The company has a fifty day moving average price of $238.22 and a 200-day moving average price of $254.19. 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 1.49, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $0.15. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the previous year, the firm posted $2.74 EPS. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, equities analysts predict that Air Products and Chemicals, Inc. will post 12.31 EPS 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.