Air Products and Chemicals, Inc. (NYSE:APD) Shares Acquired by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC grew its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,838 shares of the basic materials company’s stock after acquiring an additional 183 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Air Products and Chemicals were worth $1,872,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Morgan Stanley grew its stake in shares of Air Products and Chemicals by 4.6% in the third quarter. Morgan Stanley now owns 5,302,455 shares of the basic materials company’s stock worth $1,502,717,000 after acquiring an additional 235,037 shares in the last quarter. Northern Trust Corp lifted its position in shares of Air Products and Chemicals by 1.0% during the 3rd quarter. Northern Trust Corp now owns 3,829,919 shares of the basic materials company’s stock worth $1,085,399,000 after purchasing an additional 39,215 shares during the last quarter. Raymond James & Associates lifted its position in shares of Air Products and Chemicals by 3.6% during the 4th quarter. Raymond James & Associates now owns 1,931,619 shares of the basic materials company’s stock worth $528,877,000 after purchasing an additional 66,906 shares during the last quarter. FMR LLC lifted its position in shares of Air Products and Chemicals by 1.3% during the 3rd quarter. FMR LLC now owns 1,715,055 shares of the basic materials company’s stock worth $486,047,000 after purchasing an additional 21,422 shares during the last quarter. Finally, Stifel Financial Corp lifted its position in shares of Air Products and Chemicals by 1.5% during the 3rd quarter. Stifel Financial Corp now owns 1,339,666 shares of the basic materials company’s stock worth $379,680,000 after purchasing an additional 20,113 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

Shares of NYSE:APD traded up $0.98 on Friday, reaching $236.06. The company’s stock had a trading volume of 1,251,303 shares, compared to its average volume of 1,717,695. The stock’s 50-day moving average is $237.14 and its two-hundred day moving average is $255.82. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $307.71. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.81 and a quick ratio of 1.58. The stock has a market capitalization of $52.48 billion, a P/E ratio of 22.52, a PEG ratio of 2.58 and a beta of 0.81.

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on APD shares. Argus cut shares of Air Products and Chemicals from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. TD Cowen reduced their price target on shares of Air Products and Chemicals from $345.00 to $305.00 and set an “outperform” rating for the company in a research report on Friday, February 16th. Mizuho reduced 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. Wolfe Research assumed coverage on shares of Air Products and Chemicals in a research report on Friday, March 1st. They issued an “outperform” rating and a $279.00 price target for the company. Finally, Bank of America raised shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $264.00 price target for the company in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $276.36.

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.