Berry Wealth Group LP Takes $3.27 Million Position in Air Products and Chemicals, Inc. (NYSE:APD)

Berry Wealth Group LP purchased a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 11,955 shares of the basic materials company's stock, valued at approximately $3,273,000. Air Products and Chemicals comprises 3.0% of Berry Wealth Group LP's portfolio, making the stock its 15th biggest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cape Cod Five Cents Savings Bank purchased a new stake in Air Products and Chemicals during the third quarter worth about $376,000. Eos Management L.P. raised its holdings in shares of Air Products and Chemicals by 26.2% in the 4th quarter. Eos Management L.P. now owns 27,558 shares of the basic materials company's stock worth $7,545,000 after purchasing an additional 5,727 shares during the period. Roffman Miller Associates Inc. PA lifted its stake in Air Products and Chemicals by 3.6% in 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 purchasing an additional 2,285 shares during the last quarter. BKM Wealth Management LLC bought a new position in Air Products and Chemicals during the fourth quarter valued at $1,177,000. Finally, Bellwether Advisors LLC purchased a new stake in Air Products and Chemicals in the third quarter worth $501,000. Hedge funds and other institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Price Performance

NYSE APD traded up $1.16 during trading hours on Wednesday, reaching $237.50. 1,844,620 shares of the stock traded hands, compared to its average volume of 1,740,036. The stock has a 50 day simple moving average of $237.53 and a two-hundred day simple moving average of $254.67. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $307.71. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.81 and a quick ratio of 1.58. The company has a market cap of $52.80 billion, a price-to-earnings ratio of 22.74, a price-to-earnings-growth ratio of 2.62 and a beta of 0.81.

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, topping the consensus estimate of $2.70 by $0.15. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.05 billion. Air Products and Chemicals had a net margin of 18.82% and a return on equity of 16.84%. The business's revenue was down 8.4% compared to the same quarter last year. During the same period last year, the firm posted $2.74 earnings per share. On average, analysts predict that Air Products and Chemicals, Inc. will post 12.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Citigroup decreased their price objective on Air Products and Chemicals from $285.00 to $280.00 and set a "buy" rating for the company in a report on Wednesday. Mizuho dropped their price target on shares of Air Products and Chemicals from $295.00 to $286.00 and set a "buy" rating on the stock in a research note on Wednesday. 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. Bank of America increased their target price on Air Products and Chemicals from $272.00 to $275.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Wolfe Research started coverage on Air Products and Chemicals in a research note on Friday, March 1st. They set an "outperform" rating and a $279.00 price objective on the stock. One equities 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 company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $277.43.

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.