Air Products and Chemicals, Inc. (NYSE:APD) Shares Purchased by Sigma Planning Corp

Sigma Planning Corp boosted its position in Air Products and Chemicals, Inc. (NYSE:APD) by 2.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,614 shares of the basic materials company’s stock after purchasing an additional 191 shares during the quarter. Sigma Planning Corp’s holdings in Air Products and Chemicals were worth $2,190,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Essex Investment Management Co. LLC increased its stake in shares of Air Products and Chemicals by 213.3% during the 1st quarter. Essex Investment Management Co. LLC now owns 94 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 64 shares during the last quarter. Meridian Wealth Partners LLC acquired a new position in shares of Air Products and Chemicals during the 1st quarter valued at about $30,000. Emerald Advisers LLC acquired a new position in shares of Air Products and Chemicals during the 2nd quarter valued at about $32,000. Solstein Capital LLC acquired a new position in shares of Air Products and Chemicals during the 1st quarter valued at about $40,000. Finally, Providence Capital Advisors LLC grew its holdings in shares of Air Products and Chemicals by 1,061.5% during the 1st quarter. Providence Capital Advisors LLC now owns 151 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 138 shares during the period. 80.23% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on the company. Cowen decreased their target price on Air Products and Chemicals from $360.00 to $335.00 and set an “outperform” rating for the company in a report on Tuesday, August 10th. Societe Generale boosted their target price on Air Products and Chemicals from $295.00 to $334.00 and gave the stock a “buy” rating in a report on Tuesday, June 22nd. BMO Capital Markets decreased their target price on Air Products and Chemicals from $332.00 to $312.00 and set an “outperform” rating for the company in a report on Wednesday, August 11th. They noted that the move was a valuation call. Finally, Mizuho assumed coverage on Air Products and Chemicals in a report on Tuesday. They set a “buy” rating and a $313.00 target price for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $313.22.

Air Products and Chemicals stock opened at $278.42 on Thursday. The stock has a market cap of $61.63 billion, a P/E ratio of 31.32, a price-to-earnings-growth ratio of 2.83 and a beta of 0.74. The company has a current ratio of 3.11, a quick ratio of 2.94 and a debt-to-equity ratio of 0.53. The stock has a 50 day moving average of $268.51 and a 200-day moving average of $283.68. Air Products and Chemicals, Inc. has a 52 week low of $245.75 and a 52 week high of $327.89.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Sunday, August 8th. The basic materials company reported $2.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.36 by ($0.05). The business had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.47 billion. Air Products and Chemicals had a net margin of 20.15% and a return on equity of 14.84%. The business’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.01 earnings per share. As a group, equities analysts predict that Air Products and Chemicals, Inc. will post 9.01 earnings per share for the current fiscal year.

Air Products and Chemicals Company Profile

Air Products & Chemicals, Inc engages in the manufacture and distribution of atmospheric gases. It operates through the following segments: Industrial Gases-Americas, Industrial Gases-EMEA (Europe, Middle East, and Africa), Industrial Gases-Asia, Industrial Gases-Global and Corporate and Other. The Industrial Gases-America, EMEA and Asia segment markets and produces atmospheric gases such as oxygen, nitrogen, argon, and rare gases, process gases such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas and specialty gases and equipment for the production and processing of gases such as air separation units and non-cryogenic generators.

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Institutional Ownership by Quarter for Air Products and Chemicals (NYSE:APD)

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