Parvin Asset Management LLC Invests $715,000 in Air Products and Chemicals, Inc. (NYSE:APD)

Parvin Asset Management LLC bought a new stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,466 shares of the basic materials company's stock, valued at approximately $715,000.

Other large investors have also added to or reduced their stakes in the company. Generali Investments Management Co LLC acquired a new stake in Air Products and Chemicals during the 4th quarter valued at approximately $26,000. Raleigh Capital Management Inc. lifted its stake in shares of Air Products and Chemicals by 69.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company's stock valued at $30,000 after buying an additional 43 shares in the last quarter. Sierra Ocean LLC acquired a new position in Air Products and Chemicals during the 4th quarter valued at about $30,000. Financial Life Planners purchased a new stake in Air Products and Chemicals in the 4th quarter valued at $31,000. Finally, WR Wealth Planners LLC lifted its position in shares of Air Products and Chemicals by 40.3% during the fourth quarter. WR Wealth Planners LLC now owns 108 shares of the basic materials company's stock valued at $31,000 after purchasing an additional 31 shares in the last quarter. Institutional investors own 81.66% of the company's stock.

Insider Buying and Selling

In other Air Products and Chemicals news, VP Walter L. Nelson sold 589 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $308.50, for a total value of $181,706.50. Following the completion of the transaction, the vice president now directly owns 719 shares in the company, valued at $221,811.50. This represents a 45.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Sean D. Major sold 4,500 shares of Air Products and Chemicals stock in a transaction on Friday, February 7th. The shares were sold at an average price of $315.46, for a total transaction of $1,419,570.00. Following the transaction, the vice president now owns 14,273 shares in the company, valued at approximately $4,502,560.58. This trade represents a 23.97 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,500 shares of company stock valued at $4,842,604. 0.41% of the stock is owned by corporate insiders.

Air Products and Chemicals Stock Performance

Shares of APD traded down $3.00 during trading hours on Monday, hitting $274.62. The stock had a trading volume of 278,320 shares, compared to its average volume of 1,477,853. The firm has a market capitalization of $61.10 billion, a PE ratio of 15.97, a PEG ratio of 3.07 and a beta of 0.88. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.11 and a quick ratio of 0.96. Air Products and Chemicals, Inc. has a 12 month low of $243.69 and a 12 month high of $341.14. The stock has a fifty day moving average price of $283.60 and a 200 day moving average price of $303.44.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The basic materials company reported $2.69 EPS for the quarter, missing the consensus estimate of $2.83 by ($0.14). Air Products and Chemicals had a return on equity of 15.78% and a net margin of 31.88%. The company had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.94 billion. During the same quarter last year, the company earned $2.85 earnings per share. The company's revenue for the quarter was down .5% on a year-over-year basis. Analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on APD. BMO Capital Markets downgraded Air Products and Chemicals from an "outperform" rating to a "market perform" rating in a research note on Friday, February 7th. Citigroup reduced their price target on shares of Air Products and Chemicals from $373.00 to $345.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. StockNews.com downgraded Air Products and Chemicals from a "hold" rating to a "sell" rating in a research report on Friday, February 7th. Wells Fargo & Company lowered their target price on Air Products and Chemicals from $365.00 to $320.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Finally, UBS Group reduced their target price on Air Products and Chemicals from $335.00 to $324.00 and set a "buy" rating on the stock in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $330.38.

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.