Portside Wealth Group LLC Has $730,000 Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Portside Wealth Group LLC lowered its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 2.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 2,453 shares of the basic materials company’s stock after selling 59 shares during the quarter. Portside Wealth Group LLC’s holdings in Air Products and Chemicals were worth $730,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Meeder Asset Management Inc. bought a new stake in Air Products and Chemicals during the second quarter worth approximately $32,000. Iron Horse Wealth Management LLC boosted its holdings in shares of Air Products and Chemicals by 88.7% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after buying an additional 55 shares during the period. Trifecta Capital Advisors LLC grew its stake in Air Products and Chemicals by 1,700.0% in the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock valued at $37,000 after buying an additional 136 shares during the last quarter. Beacon Capital Management LLC raised its holdings in Air Products and Chemicals by 128.8% in the 1st quarter. Beacon Capital Management LLC now owns 183 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 103 shares during the period. Finally, Valued Wealth Advisors LLC lifted its position in Air Products and Chemicals by 1,425.0% during the 2nd quarter. Valued Wealth Advisors LLC now owns 183 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 171 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Up 0.0 %

APD opened at $312.94 on Friday. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $332.42. The firm has a market cap of $69.57 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 3.21 and a beta of 0.81. The firm’s 50-day simple moving average is $301.56 and its 200-day simple moving average is $276.93. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.27.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, November 7th. The basic materials company reported $3.56 earnings per share for the quarter, topping the consensus estimate of $3.44 by $0.12. The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.19 billion. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. Equities research analysts anticipate that Air Products and Chemicals, Inc. will post 12.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on APD. Vertical Research raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price target on the stock in a research report on Monday, October 7th. Wells Fargo & Company lifted their price target on Air Products and Chemicals from $280.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. BMO Capital Markets increased their price objective on Air Products and Chemicals from $300.00 to $323.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. Finally, Evercore ISI raised shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and increased their price target for the company from $305.00 to $365.00 in a report on Monday, October 7th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Air Products and Chemicals has an average rating of “Moderate Buy” and an average price target of $327.00.

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.