Inscription Capital LLC Reduces Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Inscription Capital LLC reduced its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 28.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,063 shares of the basic materials company’s stock after selling 421 shares during the period. Inscription Capital LLC’s holdings in Air Products and Chemicals were worth $316,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Wellington Management Group LLP acquired a new stake in shares of Air Products and Chemicals during the fourth quarter worth about $1,525,000. Miracle Mile Advisors LLC increased its stake in Air Products and Chemicals by 5.6% in the first quarter. Miracle Mile Advisors LLC now owns 1,294 shares of the basic materials company’s stock valued at $313,000 after purchasing an additional 69 shares during the period. Hexagon Capital Partners LLC boosted its stake in shares of Air Products and Chemicals by 2,250.0% during the first quarter. Hexagon Capital Partners LLC now owns 141 shares of the basic materials company’s stock worth $34,000 after buying an additional 135 shares during the period. Capital Advisors Ltd. LLC grew its holdings in shares of Air Products and Chemicals by 6.2% during the first quarter. Capital Advisors Ltd. LLC now owns 1,013 shares of the basic materials company’s stock worth $245,000 after buying an additional 59 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in Air Products and Chemicals by 1.2% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 641,364 shares of the basic materials company’s stock worth $155,383,000 after acquiring an additional 7,902 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Up 0.1 %

APD stock opened at $318.26 on Tuesday. The company has a market cap of $70.75 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 3.87 and a beta of 0.82. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.77. The business has a fifty day simple moving average of $295.48 and a 200-day simple moving average of $272.56. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $332.42.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, August 1st. The basic materials company reported $3.20 earnings per share for the quarter, topping analysts’ consensus estimates of $3.04 by $0.16. The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.04 billion. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. On average, equities research analysts expect that Air Products and Chemicals, Inc. will post 12.33 EPS for the current year.

Wall Street Analysts Forecast Growth

APD has been the subject of several analyst reports. BMO Capital Markets upped their price target on Air Products and Chemicals from $300.00 to $323.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Jefferies Financial Group upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and lifted their price target for the company from $295.00 to $364.00 in a research note on Monday, October 7th. Barclays raised their target price on Air Products and Chemicals from $290.00 to $295.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft cut shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and dropped their target price for the company from $310.00 to $280.00 in a report on Monday, July 22nd. Finally, Citigroup raised their price objective on Air Products and Chemicals from $330.00 to $345.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Air Products and Chemicals currently has an average rating of “Moderate Buy” and a consensus price target of $326.12.

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.