Air Products and Chemicals, Inc. (NYSE:APD) Shares Acquired by Clearstead Trust LLC

Clearstead Trust LLC raised its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 1,072.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,395 shares of the basic materials company’s stock after purchasing an additional 1,276 shares during the period. Clearstead Trust LLC’s holdings in Air Products and Chemicals were worth $382,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Turtle Creek Wealth Advisors LLC acquired a new position in Air Products and Chemicals in the 4th quarter valued at about $27,000. Roble Belko & Company Inc purchased a new position in Air Products and Chemicals in the 4th quarter valued at $27,000. Stuart Chaussee & Associates Inc. increased its stake in Air Products and Chemicals by 257.6% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 118 shares of the basic materials company’s stock valued at $32,000 after buying an additional 85 shares during the period. Rakuten Securities Inc. purchased a new position in Air Products and Chemicals during the 4th quarter worth $33,000. Finally, Legacy Bridge LLC acquired a new stake in shares of Air Products and Chemicals in the 4th quarter worth $35,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on APD. Wolfe Research initiated coverage on shares of Air Products and Chemicals in a report on Friday, March 1st. They set an “outperform” rating and a $279.00 price target for the company. Citigroup cut their target price on Air Products and Chemicals from $285.00 to $280.00 and set a “buy” rating for the company in a research note on Wednesday. Bank of America lifted their price target on Air Products and Chemicals from $272.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday. Mizuho dropped their price objective on Air Products and Chemicals from $295.00 to $286.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Barclays reduced their target price on Air Products and Chemicals from $260.00 to $245.00 and set an “equal weight” rating for the company in a report on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $277.43.

Air Products and Chemicals Price Performance

Shares of NYSE APD traded up $2.18 on Friday, hitting $245.87. The company’s stock had a trading volume of 1,559,471 shares, compared to its average volume of 1,590,100. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.49 and a quick ratio of 1.58. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $307.71. The stock has a 50 day moving average of $238.22 and a 200-day moving average of $254.19. The company has a market capitalization of $54.66 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 2.64 and a beta of 0.80.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.15. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $3.05 billion. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period last year, the company earned $2.74 EPS. As a group, research analysts predict that Air Products and Chemicals, Inc. will post 12.31 EPS for the current year.

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.