Truist Financial Corp Has $191.69 Million Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Truist Financial Corp increased its position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 36.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 700,099 shares of the basic materials company's stock after purchasing an additional 186,894 shares during the quarter. Truist Financial Corp owned approximately 0.32% of Air Products and Chemicals worth $191,687,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APD. Morgan Stanley lifted its holdings in Air Products and Chemicals by 4.6% in the third quarter. Morgan Stanley now owns 5,302,455 shares of the basic materials company's stock valued at $1,502,717,000 after buying an additional 235,037 shares during the period. Northern Trust Corp boosted its position in shares of Air Products and Chemicals by 1.0% in the 3rd quarter. Northern Trust Corp now owns 3,829,919 shares of the basic materials company's stock worth $1,085,399,000 after purchasing an additional 39,215 shares during the last quarter. Raymond James & Associates grew its stake in shares of Air Products and Chemicals by 3.6% during the fourth quarter. Raymond James & Associates now owns 1,931,619 shares of the basic materials company's stock worth $528,877,000 after purchasing an additional 66,906 shares during the period. FMR LLC increased its holdings in Air Products and Chemicals by 1.3% in the third quarter. FMR LLC now owns 1,715,055 shares of the basic materials company's stock valued at $486,047,000 after purchasing an additional 21,422 shares during the last quarter. Finally, Stifel Financial Corp lifted its stake in Air Products and Chemicals by 1.5% in the third quarter. Stifel Financial Corp now owns 1,339,666 shares of the basic materials company's stock valued at $379,680,000 after buying an additional 20,113 shares during the period. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Stock Up 0.4 %

Air Products and Chemicals stock traded up $0.98 during midday trading on Friday, reaching $236.06. The stock had a trading volume of 1,251,303 shares, compared to its average volume of 1,717,695. The stock has a market capitalization of $52.48 billion, a P/E ratio of 22.52, a price-to-earnings-growth ratio of 2.58 and a beta of 0.81. The firm's fifty day simple moving average is $237.14 and its 200-day simple moving average is $255.82. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.58 and a current ratio of 1.81. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year high of $307.71.

Air Products and Chemicals (NYSE:APD - Get Free Report) last issued its quarterly earnings results on Monday, February 5th. The basic materials company reported $2.82 earnings per share for the quarter, missing the consensus estimate of $3.00 by ($0.18). The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.20 billion. Air Products and Chemicals had a return on equity of 16.84% and a net margin of 18.82%. Air Products and Chemicals's revenue was down 5.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.64 earnings per share. As a group, analysts expect that Air Products and Chemicals, Inc. will post 12.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on APD shares. Wolfe Research began coverage on Air Products and Chemicals in a research note on Friday, March 1st. They issued an "outperform" rating and a $279.00 price target for the company. TheStreet downgraded shares of Air Products and Chemicals from a "b" rating to a "c+" rating in a research note on Monday, February 5th. JPMorgan Chase & Co. reduced their price target on shares of Air Products and Chemicals from $295.00 to $270.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 6th. Morgan Stanley decreased their price target on shares of Air Products and Chemicals from $285.00 to $240.00 and set an "equal weight" rating for the company in a report on Wednesday, February 7th. Finally, StockNews.com raised Air Products and Chemicals from a "sell" rating to a "hold" rating in a research note on Monday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $276.36.

About Air Products and Chemicals

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.

Want to see what other hedge funds are holding APD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Air Products and Chemicals, Inc. (NYSE:APD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.