Ropes Wealth Advisors LLC Sells 2,160 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Ropes Wealth Advisors LLC decreased its stake in Air Products and Chemicals, Inc. (NYSE:APDGet Rating) by 14.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,805 shares of the basic materials company’s stock after selling 2,160 shares during the period. Ropes Wealth Advisors LLC’s holdings in Air Products and Chemicals were worth $3,896,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of APD. Morgan Stanley lifted its stake in Air Products and Chemicals by 12.9% in the 2nd quarter. Morgan Stanley now owns 1,941,605 shares of the basic materials company’s stock valued at $558,561,000 after purchasing an additional 222,002 shares during the last quarter. EagleClaw Capital Managment LLC raised its stake in shares of Air Products and Chemicals by 6.8% during the third quarter. EagleClaw Capital Managment LLC now owns 28,260 shares of the basic materials company’s stock valued at $7,238,000 after acquiring an additional 1,795 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of Air Products and Chemicals by 11.4% during the third quarter. Teacher Retirement System of Texas now owns 35,359 shares of the basic materials company’s stock valued at $9,056,000 after acquiring an additional 3,627 shares during the last quarter. Avidian Wealth Solutions LLC raised its stake in shares of Air Products and Chemicals by 14.2% during the third quarter. Avidian Wealth Solutions LLC now owns 2,089 shares of the basic materials company’s stock valued at $535,000 after acquiring an additional 260 shares during the last quarter. Finally, Orion Portfolio Solutions LLC raised its stake in shares of Air Products and Chemicals by 84.6% during the third quarter. Orion Portfolio Solutions LLC now owns 1,388 shares of the basic materials company’s stock valued at $355,000 after acquiring an additional 636 shares during the last quarter. 80.62% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently issued reports on APD shares. JPMorgan Chase & Co. raised shares of Air Products and Chemicals from a “neutral” rating to an “overweight” rating and set a $275.00 price target for the company in a research note on Monday, March 21st. StockNews.com began coverage on shares of Air Products and Chemicals in a research note on Thursday, March 31st. They set a “hold” rating for the company. Mizuho lowered their target price on shares of Air Products and Chemicals from $313.00 to $312.00 and set a “buy” rating for the company in a research note on Monday, February 7th. Bank of America downgraded shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $337.00 to $285.00 in a research note on Monday, February 7th. Finally, Barclays lowered their target price on shares of Air Products and Chemicals from $300.00 to $275.00 in a research note on Monday, May 9th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Air Products and Chemicals presently has an average rating of “Buy” and a consensus target price of $304.86.

Shares of NYSE APD traded up $2.30 during mid-day trading on Friday, reaching $233.71. 661,808 shares of the company’s stock traded hands, compared to its average volume of 1,222,383. Air Products and Chemicals, Inc. has a 1-year low of $216.24 and a 1-year high of $316.39. The stock has a market cap of $51.83 billion, a P/E ratio of 23.28, a PEG ratio of 1.74 and a beta of 0.87. The business has a 50-day simple moving average of $239.63 and a 200 day simple moving average of $268.07. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.95 and a quick ratio of 1.79.

Air Products and Chemicals (NYSE:APDGet Rating) last released its quarterly earnings results on Thursday, May 5th. The basic materials company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $2.35 by $0.03. Air Products and Chemicals had a net margin of 19.63% and a return on equity of 15.32%. The business had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $3 billion. During the same period in the previous year, the company earned $2.08 earnings per share. The firm’s revenue for the quarter was up 17.7% compared to the same quarter last year. Equities research analysts anticipate that Air Products and Chemicals, Inc. will post 10.27 earnings per share for the current fiscal year.

About Air Products and Chemicals (Get Rating)

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas; specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, manufacturing, food and beverage, electronics, magnetic resonance imaging, energy production and refining, and metals.

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

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