1,220 Shares in Air Products & Chemicals, Inc. (NYSE:APD) Purchased by Nwam LLC

Nwam LLC acquired a new position in Air Products & Chemicals, Inc. (NYSE:APD) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,220 shares of the basic materials company’s stock, valued at approximately $233,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. BTIM Corp. increased its stake in shares of Air Products & Chemicals by 0.9% in the first quarter. BTIM Corp. now owns 161,569 shares of the basic materials company’s stock worth $30,853,000 after purchasing an additional 1,430 shares in the last quarter. Armstrong Henry H Associates Inc. increased its stake in shares of Air Products & Chemicals by 3.1% in the first quarter. Armstrong Henry H Associates Inc. now owns 43,165 shares of the basic materials company’s stock worth $8,243,000 after purchasing an additional 1,290 shares in the last quarter. Confluence Investment Management LLC increased its stake in shares of Air Products & Chemicals by 2.5% in the first quarter. Confluence Investment Management LLC now owns 116,422 shares of the basic materials company’s stock worth $22,232,000 after purchasing an additional 2,806 shares in the last quarter. American Research & Management Co. increased its stake in shares of Air Products & Chemicals by 2,000.0% in the first quarter. American Research & Management Co. now owns 1,050 shares of the basic materials company’s stock worth $201,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Pratt Collard Advisory Partners LLC purchased a new stake in shares of Air Products & Chemicals in the first quarter worth $206,000. Institutional investors and hedge funds own 87.33% of the company’s stock.

APD has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $174.00 price objective for the company in a research note on Tuesday, January 15th. Credit Suisse Group raised their target price on shares of Air Products & Chemicals from $188.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. BMO Capital Markets raised their target price on shares of Air Products & Chemicals from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Tuesday, April 9th. KeyCorp raised their target price on shares of Air Products & Chemicals from $195.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Finally, Deutsche Bank raised their target price on shares of Air Products & Chemicals from $182.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $209.92.

Shares of Air Products & Chemicals stock traded up $3.85 during trading on Friday, hitting $208.29. The stock had a trading volume of 1,329,391 shares, compared to its average volume of 1,206,439. The firm has a market capitalization of $45.85 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 2.11 and a beta of 0.83. The company has a current ratio of 2.36, a quick ratio of 2.16 and a debt-to-equity ratio of 0.29. Air Products & Chemicals, Inc. has a 12 month low of $148.44 and a 12 month high of $209.86.

Air Products & Chemicals (NYSE:APD) last released its earnings results on Wednesday, April 24th. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.88 by $0.04. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.23 billion. Air Products & Chemicals had a net margin of 18.90% and a return on equity of 15.28%. The business’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the business earned $1.71 EPS. As a group, sell-side analysts predict that Air Products & Chemicals, Inc. will post 8.22 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “1,220 Shares in Air Products & Chemicals, Inc. (NYSE:APD) Purchased by Nwam LLC” was first published by Baseball Daily News and is the sole property of of Baseball Daily News. If you are reading this news story on another website, it was stolen and reposted in violation of US and international copyright & trademark laws. The correct version of this news story can be accessed at https://www.baseballdailydigest.com/news/2019/05/11/nwam-llc-acquires-new-stake-in-air-products-chemicals-inc-apd.html.

Air Products & Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

Recommended Story: Investing in Blue-Chip Stocks

Institutional Ownership by Quarter for Air Products & Chemicals (NYSE:APD)

Receive News & Ratings for Air Products & Chemicals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Products & Chemicals and related companies with MarketBeat.com's FREE daily email newsletter.