Scissortail Wealth Management LLC Buys 14,283 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Scissortail Wealth Management LLC boosted its holdings in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 3,662.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,673 shares of the basic materials company's stock after buying an additional 14,283 shares during the quarter. Scissortail Wealth Management LLC's holdings in Air Products and Chemicals were worth $4,256,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Generali Investments Management Co LLC bought a new stake in shares of Air Products and Chemicals during the 4th quarter valued at about $26,000. Raleigh Capital Management Inc. grew its stake in shares of Air Products and Chemicals by 69.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company's stock valued at $30,000 after purchasing an additional 43 shares during the period. Sierra Ocean LLC bought a new stake in shares of Air Products and Chemicals during the 4th quarter valued at about $30,000. Financial Life Planners bought a new position in shares of Air Products and Chemicals during the 4th quarter valued at approximately $31,000. Finally, WR Wealth Planners LLC grew its stake in shares of Air Products and Chemicals by 40.3% during the 4th quarter. WR Wealth Planners LLC now owns 108 shares of the basic materials company's stock valued at $31,000 after acquiring an additional 31 shares during the period. Hedge funds and other institutional investors own 81.66% of the company's stock.

Insider Transactions at Air Products and Chemicals

In related news, insider Kurt Lefevere sold 1,500 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $316.17, for a total transaction of $474,255.00. Following the sale, the insider now owns 1,462 shares of the company's stock, valued at $462,240.54. This trade represents a 50.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Walter L. Nelson sold 589 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $308.50, for a total value of $181,706.50. Following the sale, the vice president now directly owns 719 shares in the company, valued at approximately $221,811.50. The trade was a 45.03% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Sanford C. Bernstein upgraded Air Products and Chemicals from a "market perform" rating to an "outperform" rating and set a $375.00 price objective for the company in a research note on Friday, January 31st. Citigroup dropped their price target on Air Products and Chemicals from $373.00 to $345.00 and set a "buy" rating for the company in a research note on Tuesday, March 25th. Bank of America downgraded Air Products and Chemicals from a "neutral" rating to an "underperform" rating and dropped their price target for the stock from $330.00 to $282.00 in a research note on Tuesday, April 15th. BNP Paribas upgraded Air Products and Chemicals to a "strong-buy" rating in a research note on Tuesday, February 11th. Finally, Barclays decreased their price objective on Air Products and Chemicals from $355.00 to $325.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Two 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $330.38.

Air Products and Chemicals Trading Down 0.6%

APD stock traded down $1.54 during midday trading on Tuesday, reaching $275.79. The company's stock had a trading volume of 1,050,652 shares, compared to its average volume of 1,454,530. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.96 and a current ratio of 1.11. The stock has a fifty day simple moving average of $275.64 and a two-hundred day simple moving average of $299.73. Air Products and Chemicals, Inc. has a 1 year low of $243.69 and a 1 year high of $341.14. The firm has a market capitalization of $61.38 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 3.07 and a beta of 0.88.

Air Products and Chemicals (NYSE:APD - Get Free Report) last released its earnings results on Thursday, May 1st. The basic materials company reported $2.69 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.94 billion. During the same quarter in the previous year, the business earned $2.85 EPS. The business's revenue for the quarter was down .5% on a year-over-year basis. On average, equities research analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Air Products and Chemicals 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.