Evexia Wealth LLC Buys 313 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Evexia Wealth LLC increased its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 3.9% in the 4th quarter, Holdings Channel reports. The firm owned 8,337 shares of the basic materials company’s stock after purchasing an additional 313 shares during the period. Evexia Wealth LLC’s holdings in Air Products and Chemicals were worth $2,152,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in APD. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Air Products and Chemicals during the 4th quarter worth $27,000. Roble Belko & Company Inc acquired a new position in Air Products and Chemicals during the 4th quarter worth $27,000. Stuart Chaussee & Associates Inc. boosted 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 valued at $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 in the fourth quarter valued at about $33,000. Finally, Legacy Bridge LLC bought a new position in shares of Air Products and Chemicals in the fourth quarter worth about $35,000. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

Shares of APD traded up $1.05 during midday trading on Tuesday, reaching $248.65. The stock had a trading volume of 1,094,280 shares, compared to its average volume of 1,722,390. The firm has a market cap of $55.28 billion, a PE ratio of 22.44, a P/E/G ratio of 2.66 and a beta of 0.80. The firm has a 50 day simple moving average of $238.93 and a 200-day simple moving average of $253.28. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $307.71. The company has a current ratio of 1.49, a quick ratio of 1.31 and a debt-to-equity ratio of 0.77.

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. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.05 billion. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. Air Products and Chemicals’s revenue was down 8.4% on a year-over-year basis. During the same period last year, the business posted $2.74 EPS. As a group, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 12.31 EPS for the current year.

Analyst Ratings Changes

APD has been the topic of a number of research analyst reports. Wells Fargo & Company lowered Air Products and Chemicals from an “overweight” rating to an “equal weight” rating in a report on Monday, February 5th. Mizuho dropped their target price on shares of Air Products and Chemicals from $295.00 to $286.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. JPMorgan Chase & Co. decreased their price target on shares of Air Products and Chemicals from $270.00 to $260.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. Bank of America upped their price objective on shares of Air Products and Chemicals from $272.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, UBS Group lowered Air Products and Chemicals from a “buy” rating to a “neutral” rating and lowered their price target for the company from $328.00 to $241.00 in a research note on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $277.43.

About Air Products and Chemicals

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.