Atalanta Sosnoff Capital LLC Purchases Shares of 61,305 Air Products and Chemicals, Inc. (NYSE:APD)

Atalanta Sosnoff Capital LLC purchased a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 61,305 shares of the basic materials company's stock, valued at approximately $17,781,000.

Other institutional investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. boosted its stake in shares of Air Products and Chemicals by 1.8% during the fourth quarter. First Horizon Advisors Inc. now owns 1,742 shares of the basic materials company's stock valued at $505,000 after purchasing an additional 31 shares in the last quarter. Lake Street Advisors Group LLC grew its stake in shares of Air Products and Chemicals by 1.6% in the 4th quarter. Lake Street Advisors Group LLC now owns 2,028 shares of the basic materials company's stock valued at $588,000 after buying an additional 31 shares during the period. WR Wealth Planners LLC grew its position in Air Products and Chemicals by 40.3% in the 4th 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 during the period. Silver Oak Securities Incorporated increased its holdings in Air Products and Chemicals by 1.1% during the 4th quarter. Silver Oak Securities Incorporated now owns 3,074 shares of the basic materials company's stock worth $888,000 after purchasing an additional 32 shares in the last quarter. Finally, SRS Capital Advisors Inc. boosted its position in shares of Air Products and Chemicals by 3.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 974 shares of the basic materials company's stock valued at $282,000 after buying an additional 33 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

Air Products and Chemicals Trading Down 1.2 %

Shares of NYSE:APD traded down $3.15 on Wednesday, reaching $264.47. 1,372,792 shares of the company traded hands, compared to its average volume of 1,481,037. The company has a current ratio of 1.11, a quick ratio of 0.96 and a debt-to-equity ratio of 0.71. Air Products and Chemicals, Inc. has a 52 week low of $243.69 and a 52 week high of $341.14. The business's 50-day simple moving average is $281.87 and its 200 day simple moving average is $302.78. The stock has a market capitalization of $58.84 billion, a P/E ratio of 15.36, a price-to-earnings-growth ratio of 3.07 and a beta of 0.88.

Air Products and Chemicals (NYSE:APD - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $2.94 billion. During the same quarter in the prior year, the business posted $2.85 earnings per share. Air Products and Chemicals's quarterly revenue was down .5% compared to the same quarter last year. As a group, equities analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Insider Transactions at Air Products and Chemicals

In other news, insider Francesco Maione sold 2,016 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $306.00, for a total transaction of $616,896.00. Following the sale, the insider now owns 3,834 shares in the company, valued at $1,173,204. This represents a 34.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kurt Lefevere sold 1,500 shares of the business's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $316.17, for a total value of $474,255.00. Following the completion of the transaction, the insider now owns 1,462 shares of the company's stock, valued at $462,240.54. This represents a 50.64 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,500 shares of company stock valued at $4,842,604. Corporate insiders own 0.41% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on APD. BNP Paribas upgraded shares of Air Products and Chemicals to a "strong-buy" rating in a report on Tuesday, February 11th. BMO Capital Markets lowered Air Products and Chemicals from an "outperform" rating to a "market perform" rating in a research note on Friday, February 7th. Barclays cut their price objective on shares of Air Products and Chemicals from $355.00 to $325.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Sanford C. Bernstein upgraded Air Products and Chemicals from a "market perform" rating to an "outperform" rating and set a $375.00 price target for the company in a research report on Friday, January 31st. Finally, Wells Fargo & Company decreased their price target on Air Products and Chemicals from $365.00 to $320.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock 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.