Alliance Wealth Advisors LLC UT Grows Position in Air Products and Chemicals, Inc. (NYSE:APD)

Alliance Wealth Advisors LLC UT grew its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 2.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,276 shares of the basic materials company’s stock after buying an additional 178 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Air Products and Chemicals were worth $2,266,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Morgan Stanley lifted its stake in 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 during the period. Northern Trust Corp lifted its stake in Air Products and Chemicals by 1.0% in the third quarter. Northern Trust Corp now owns 3,829,919 shares of the basic materials company’s stock worth $1,085,399,000 after acquiring an additional 39,215 shares during the period. Raymond James & Associates lifted its stake in Air Products and Chemicals by 3.6% in the fourth quarter. Raymond James & Associates now owns 1,931,619 shares of the basic materials company’s stock worth $528,877,000 after acquiring an additional 66,906 shares during the period. FMR LLC lifted its stake in Air Products and Chemicals by 1.3% in the third quarter. FMR LLC now owns 1,715,055 shares of the basic materials company’s stock worth $486,047,000 after acquiring an additional 21,422 shares during the period. Finally, Stifel Financial Corp lifted its stake in Air Products and Chemicals by 1.5% in the third quarter. Stifel Financial Corp now owns 1,339,666 shares of the basic materials company’s stock worth $379,680,000 after acquiring an additional 20,113 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Seaport Res Ptn lowered Air Products and Chemicals from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. Morgan Stanley decreased their price objective 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. Citigroup increased their price objective on Air Products and Chemicals from $260.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Mizuho decreased their price objective on Air Products and Chemicals from $304.00 to $295.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Finally, BMO Capital Markets decreased their price objective on Air Products and Chemicals from $307.00 to $250.00 and set an “outperform” rating for the company in a report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Air Products and Chemicals has a consensus rating of “Hold” and a consensus price target of $276.36.

Air Products and Chemicals Stock Up 0.4 %

Shares of NYSE:APD traded up $1.00 on Friday, hitting $236.08. 1,251,373 shares of the company traded hands, compared to its average volume of 1,281,333. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $307.71. The stock has a 50 day simple moving average of $237.14 and a 200-day simple moving average of $255.82. The company has a market cap of $52.48 billion, a PE ratio of 22.53, a PEG ratio of 2.59 and a beta of 0.81. The company has a quick ratio of 1.58, a current ratio of 1.81 and a debt-to-equity ratio of 0.74.

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

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.