Tandem Capital Management Corp ADV Has $1.53 Million Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Tandem Capital Management Corp ADV boosted its position in Air Products and Chemicals, Inc. (NYSE:APD) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,577 shares of the basic materials company’s stock after acquiring an additional 58 shares during the quarter. Tandem Capital Management Corp ADV’s holdings in Air Products and Chemicals were worth $1,527,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Air Products and Chemicals during the fourth quarter worth $27,000. Roble Belko & Company Inc purchased a new stake in shares of Air Products and Chemicals in the fourth quarter worth approximately $27,000. Rakuten Securities Inc. purchased a new position in Air Products and Chemicals during the 4th quarter worth $33,000. Legacy Bridge LLC bought a new stake in Air Products and Chemicals in the 4th quarter worth about $35,000. Finally, Cetera Trust Company N.A bought a new stake in Air Products and Chemicals during the fourth quarter worth $35,000. 81.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on APD. JPMorgan Chase & Co. reduced their target price on shares of Air Products and Chemicals from $295.00 to $270.00 and set an “overweight” rating for the company in a research note on Tuesday, February 6th. StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday. Mizuho dropped their price target on shares of Air Products and Chemicals from $304.00 to $295.00 and set a “buy” rating for the company in a research report on Tuesday, February 6th. Argus downgraded Air Products and Chemicals from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Finally, Barclays dropped their price objective on Air Products and Chemicals from $260.00 to $245.00 and set an “equal weight” rating for the company in a report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $276.36.

Air Products and Chemicals Stock Performance

APD traded up $0.37 during midday trading on Thursday, hitting $235.05. 1,037,636 shares of the company traded hands, compared to its average volume of 1,723,524. The company’s 50-day moving average is $236.96 and its 200 day moving average is $256.16. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $307.71. The firm has a market capitalization of $52.25 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 2.57 and a beta of 0.81. The company has a quick ratio of 1.58, a current ratio of 1.81 and a debt-to-equity ratio of 0.74.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Monday, February 5th. The basic materials company reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.18). The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.20 billion. Air Products and Chemicals had a return on equity of 16.84% and a net margin of 18.82%. The business’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the business earned $2.64 earnings per share. On average, research analysts expect that Air Products and Chemicals, Inc. will post 12.38 EPS for the current 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.