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

Sigma Planning Corp boosted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 2.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 7,614 shares of the basic materials company’s stock after buying an additional 191 shares during the period. Sigma Planning Corp’s holdings in Air Products and Chemicals were worth $2,190,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in APD. Capital International Investors boosted its stake in Air Products and Chemicals by 14.0% during the first quarter. Capital International Investors now owns 7,140,275 shares of the basic materials company’s stock valued at $2,008,912,000 after buying an additional 878,022 shares in the last quarter. Morgan Stanley increased its stake in Air Products and Chemicals by 26.8% in the 1st quarter. Morgan Stanley now owns 1,719,603 shares of the basic materials company’s stock worth $483,793,000 after purchasing an additional 363,123 shares in the last quarter. American Century Companies Inc. raised its holdings in Air Products and Chemicals by 22.9% during the 2nd quarter. American Century Companies Inc. now owns 1,804,327 shares of the basic materials company’s stock worth $519,069,000 after buying an additional 335,842 shares during the period. Bessemer Group Inc. lifted its stake in Air Products and Chemicals by 23.8% during the first quarter. Bessemer Group Inc. now owns 1,670,480 shares of the basic materials company’s stock valued at $469,975,000 after buying an additional 321,217 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its holdings in shares of Air Products and Chemicals by 16.6% in the first quarter. Neuberger Berman Group LLC now owns 2,163,954 shares of the basic materials company’s stock worth $608,596,000 after buying an additional 308,787 shares during the period. 80.23% of the stock is owned by institutional investors and hedge funds.

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

APD opened at $278.42 on Thursday. The company has a market cap of $61.63 billion, a PE ratio of 31.32, a price-to-earnings-growth ratio of 2.83 and a beta of 0.74. 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. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.94 and a current ratio of 3.11.

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

Air Products and Chemicals 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.

Further Reading: The benefits and drawbacks of dollar cost averaging

Want to see what other hedge funds are holding APD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Air Products and Chemicals, Inc. (NYSE:APD).

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

Receive News & Ratings for Air Products and Chemicals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Products and Chemicals and related companies with MarketBeat.com's FREE daily email newsletter.