Valley Brook Capital Group Inc. Has $1.36 Million Position in Air Products and Chemicals, Inc. (NYSE:APD)

Valley Brook Capital Group Inc. raised its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 1.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,949 shares of the basic materials company’s stock after buying an additional 66 shares during the quarter. Air Products and Chemicals comprises approximately 1.2% of Valley Brook Capital Group Inc.’s investment portfolio, making the stock its 27th biggest position. Valley Brook Capital Group Inc.’s holdings in Air Products and Chemicals were worth $1,355,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of APD. Turtle Creek Wealth Advisors LLC bought a new stake in Air Products and Chemicals during the fourth quarter worth about $27,000. Roble Belko & Company Inc acquired a new position in shares of Air Products and Chemicals in the 4th quarter valued at approximately $27,000. Stuart Chaussee & Associates Inc. lifted its holdings in shares of Air Products and Chemicals by 257.6% during the 4th 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. acquired a new stake in shares of Air Products and Chemicals during the 4th quarter worth approximately $33,000. Finally, Legacy Bridge LLC bought 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.

Wall Street Analyst Weigh In

Several research firms have weighed in on APD. TD Cowen upped their target price on Air Products and Chemicals from $305.00 to $320.00 and gave the stock a “buy” rating in a research note on Wednesday. Seaport Res Ptn cut Air Products and Chemicals from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Barclays lowered their target price on Air Products and Chemicals from $260.00 to $245.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 6th. StockNews.com downgraded shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, UBS Group cut shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $328.00 to $241.00 in a research report on Thursday, February 8th. 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. According to MarketBeat.com, Air Products and Chemicals presently has an average rating of “Hold” and a consensus price target of $277.43.

Air Products and Chemicals Trading Up 0.9 %

Shares of NYSE APD traded up $2.18 during trading on Friday, reaching $245.87. The company had a trading volume of 1,559,471 shares, compared to its average volume of 1,590,100. The stock has a market cap of $54.66 billion, a P/E ratio of 22.19, a PEG ratio of 2.66 and a beta of 0.80. The company’s fifty day moving average price is $238.22 and its 200-day moving average price is $253.72. The company has a quick ratio of 1.58, a current ratio of 1.49 and a debt-to-equity ratio of 0.77. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $307.71.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Tuesday, April 30th. The basic materials company reported $2.85 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 business had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same period in the prior year, the business posted $2.74 earnings per share. The firm’s revenue was down 8.4% on a year-over-year basis. As a group, research analysts expect that Air Products and Chemicals, Inc. will post 12.31 earnings per share for the current year.

Air Products and Chemicals 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.