Beck Bode LLC Makes New $1.50 Million Investment in Air Products and Chemicals, Inc. (NYSE:APD)

Beck Bode LLC acquired a new position in 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 fund acquired 5,492 shares of the basic materials company's stock, valued at approximately $1,504,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cape Cod Five Cents Savings Bank bought a new stake in shares of Air Products and Chemicals in the third quarter valued at approximately $376,000. Eos Management L.P. grew its stake in Air Products and Chemicals by 26.2% during the fourth quarter. Eos Management L.P. now owns 27,558 shares of the basic materials company's stock valued at $7,545,000 after acquiring an additional 5,727 shares in the last quarter. Roffman Miller Associates Inc. PA grew its stake in Air Products and Chemicals by 3.6% during the fourth quarter. Roffman Miller Associates Inc. PA now owns 65,192 shares of the basic materials company's stock valued at $17,850,000 after acquiring an additional 2,285 shares in the last quarter. BKM Wealth Management LLC purchased a new position in Air Products and Chemicals during the fourth quarter valued at approximately $1,177,000. Finally, Bellwether Advisors LLC purchased a new position in Air Products and Chemicals during the third quarter valued at approximately $501,000. Institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Trading Down 0.7 %

Shares of Air Products and Chemicals stock traded down $1.78 during trading on Tuesday, reaching $236.34. The company's stock had a trading volume of 3,555,343 shares, compared to its average volume of 1,738,771. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $307.71. The company has a market cap of $52.54 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 2.60 and a beta of 0.81. The firm's 50-day moving average is $237.53 and its two-hundred day moving average is $254.67. The company has a quick ratio of 1.58, a current ratio of 1.81 and a debt-to-equity ratio of 0.74.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $2.85 EPS for the quarter, beating analysts' consensus estimates of $2.73 by $0.12. Air Products and Chemicals had a net margin of 18.82% and a return on equity of 16.84%. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same period in the prior year, the business posted $2.74 EPS. The firm's revenue was down 8.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 12.38 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. BMO Capital Markets reduced their price objective on shares of Air Products and Chemicals from $307.00 to $250.00 and set an "outperform" rating for the company in a research note on Tuesday, February 6th. StockNews.com raised shares of Air Products and Chemicals from a "sell" rating to a "hold" rating in a research note on Monday, April 22nd. Barclays reduced their price objective on shares of Air Products and Chemicals from $260.00 to $245.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 6th. JPMorgan Chase & Co. cut their price target on shares of Air Products and Chemicals from $295.00 to $270.00 and set an "overweight" rating for the company in a research note on Tuesday, February 6th. Finally, Wells Fargo & Company cut shares of Air Products and Chemicals from an "overweight" rating to an "equal weight" rating in a research note on Monday, February 5th. One research 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, Air Products and Chemicals currently has an average rating of "Hold" and a consensus price target of $276.36.

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.

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