Nuveen Asset Management LLC Has $208.28 Million Position in Air Products and Chemicals, Inc. (NYSE:APD)

Nuveen Asset Management LLC lifted its holdings in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 38.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 718,108 shares of the basic materials company's stock after buying an additional 200,129 shares during the period. Nuveen Asset Management LLC owned approximately 0.32% of Air Products and Chemicals worth $208,280,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Generali Investments Management Co LLC acquired a new position in shares of Air Products and Chemicals during the 4th quarter worth about $26,000. Raleigh Capital Management Inc. boosted its position 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 worth $30,000 after acquiring an additional 43 shares in the last quarter. Sierra Ocean LLC acquired a new position in shares of Air Products and Chemicals during the 4th quarter worth about $30,000. Financial Life Planners acquired a new position in shares of Air Products and Chemicals during the 4th quarter worth about $31,000. Finally, WR Wealth Planners LLC boosted its position 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 worth $31,000 after acquiring an additional 31 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Air Products and Chemicals

In other news, insider Wilbur Mok sold 1,300 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $315.88, for a total transaction of $410,644.00. Following the completion of the transaction, the insider now directly owns 3,193 shares in the company, valued at $1,008,604.84. This represents a 28.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Victoria Brifo sold 2,362 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $315.82, for a total transaction of $745,966.84. Following the sale, the vice president now directly owns 10,045 shares in the company, valued at $3,172,411.90. This trade represents a 19.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,751 shares of company stock worth $1,812,572 over the last three months. Company insiders own 0.41% of the company's stock.

Air Products and Chemicals Price Performance

Shares of NYSE APD traded down $1.51 during mid-day trading on Monday, reaching $277.42. The company had a trading volume of 732,575 shares, compared to its average volume of 1,459,312. The stock has a market cap of $61.74 billion, a PE ratio of 16.11, a P/E/G ratio of 3.07 and a beta of 0.88. The company has a 50-day moving average price of $275.98 and a two-hundred day moving average price of $299.95. 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.

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 (EPS) for the quarter, missing the consensus estimate of $2.83 by ($0.14). The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.94 billion. Air Products and Chemicals had a return on equity of 15.78% and a net margin of 31.88%. The business's revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.85 earnings per share. On average, equities analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Wells Fargo & Company dropped their target price 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 cut their price target for the stock from $330.00 to $282.00 in a research note on Tuesday, April 15th. StockNews.com lowered shares of Air Products and Chemicals from a "hold" rating to a "sell" rating in a research report on Friday, February 7th. Citigroup decreased their price objective on shares of Air Products and Chemicals from $373.00 to $345.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. Finally, Sanford C. Bernstein upgraded Air Products and Chemicals from a "market perform" rating to an "outperform" rating and set a $375.00 target price on the stock in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $330.38.

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.