Nichols & Pratt Advisers LLP MA Has $10.82 Million Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Nichols & Pratt Advisers LLP MA grew its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,508 shares of the basic materials company’s stock after purchasing an additional 671 shares during the quarter. Nichols & Pratt Advisers LLP MA’s holdings in Air Products and Chemicals were worth $10,817,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of APD. Nordea Investment Management AB grew its stake in shares of Air Products and Chemicals by 1,696.4% in the fourth quarter. Nordea Investment Management AB now owns 518,197 shares of the basic materials company’s stock worth $142,344,000 after acquiring an additional 489,350 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Air Products and Chemicals by 64.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 766,076 shares of the basic materials company’s stock worth $217,106,000 after purchasing an additional 299,649 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Air Products and Chemicals by 26,852.1% in the fourth quarter. International Assets Investment Management LLC now owns 275,720 shares of the basic materials company’s stock valued at $754,920,000 after buying an additional 274,697 shares during the period. Morgan Stanley grew its holdings in shares of Air Products and Chemicals by 4.6% during the 3rd quarter. Morgan Stanley now owns 5,302,455 shares of the basic materials company’s stock worth $1,502,717,000 after purchasing an additional 235,037 shares in the last quarter. Finally, Truist Financial Corp raised its stake in shares of Air Products and Chemicals by 36.4% in the fourth quarter. Truist Financial Corp now owns 700,099 shares of the basic materials company’s stock valued at $191,687,000 after purchasing an additional 186,894 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Trading Up 0.1 %

Air Products and Chemicals stock traded up $0.33 during trading hours on Friday, hitting $250.94. The stock had a trading volume of 436,114 shares, compared to its average volume of 1,689,247. The stock has a market cap of $55.79 billion, a price-to-earnings ratio of 22.64, a P/E/G ratio of 2.66 and a beta of 0.80. The company has a quick ratio of 1.31, a current ratio of 1.49 and a debt-to-equity ratio of 0.77. The business’s 50 day simple moving average is $239.54 and its 200-day simple moving average is $253.21. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $307.71.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.15. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter in the previous year, the firm posted $2.74 earnings per share. Air Products and Chemicals’s revenue for the quarter was down 8.4% on a year-over-year basis. On average, equities analysts predict that Air Products and Chemicals, Inc. will post 12.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on APD shares. Bank of America increased 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 note on Wednesday, May 1st. StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Friday. Argus cut shares of Air Products and Chemicals from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. TheStreet cut Air Products and Chemicals from a “b” rating to a “c+” rating in a report on Monday, February 5th. Finally, Morgan Stanley cut their price target on Air Products and Chemicals from $285.00 to $240.00 and set an “equal weight” rating for the company in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Hold” and a consensus 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.