2,035 Shares in Air Products and Chemicals, Inc. (NYSE:APD) Acquired by Highview Capital Management LLC DE

Highview Capital Management LLC DE acquired a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,035 shares of the basic materials company's stock, valued at approximately $590,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in APD. Mantle Ridge LP bought a new position in Air Products and Chemicals during the fourth quarter valued at approximately $1,191,344,000. Norges Bank bought a new position in Air Products and Chemicals during the fourth quarter valued at approximately $919,721,000. Bank of America Corp DE raised its position in Air Products and Chemicals by 129.4% during the fourth quarter. Bank of America Corp DE now owns 5,429,147 shares of the basic materials company's stock valued at $1,574,670,000 after acquiring an additional 3,062,157 shares in the last quarter. Raymond James Financial Inc. bought a new position in Air Products and Chemicals during the fourth quarter valued at approximately $885,371,000. Finally, Capital International Investors bought a new position in Air Products and Chemicals during the fourth quarter valued at approximately $436,636,000. Institutional investors own 81.66% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on APD shares. Sanford C. Bernstein raised shares of Air Products and Chemicals from a "market perform" rating to an "outperform" rating and set a $375.00 price objective on the stock in a research report on Friday, January 31st. Wells Fargo & Company lowered their price target on Air Products and Chemicals from $365.00 to $320.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Bank of America downgraded Air Products and Chemicals from a "neutral" rating to an "underperform" rating and lowered their price target for the company from $330.00 to $282.00 in a report on Tuesday, April 15th. BMO Capital Markets downgraded Air Products and Chemicals from an "outperform" rating to a "market perform" rating in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $320.00 price target (down previously from $345.00) on shares of Air Products and Chemicals in a report on Friday, February 7th. 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. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $330.38.

Insiders Place Their Bets

In other Air Products and Chemicals news, VP Walter L. Nelson sold 589 shares of Air Products and Chemicals stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $308.50, for a total transaction of $181,706.50. Following the sale, the vice president now owns 719 shares in the company, valued at $221,811.50. The trade was a 45.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.41% of the company's stock.

Air Products and Chemicals Trading Down 2.0%

Shares of Air Products and Chemicals stock opened at $270.05 on Thursday. Air Products and Chemicals, Inc. has a 1 year low of $243.69 and a 1 year high of $341.14. The company has a current ratio of 1.11, a quick ratio of 0.96 and a debt-to-equity ratio of 0.71. The company's fifty day simple moving average is $274.87 and its 200-day simple moving average is $299.36. The company has a market cap of $60.10 billion, a price-to-earnings ratio of 15.68, a PEG ratio of 3.07 and a beta of 0.88.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted its quarterly 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 for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the prior year, the firm earned $2.85 EPS. The firm's quarterly revenue was down .5% on a year-over-year basis. As a group, sell-side analysts expect 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.

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