Charles Schwab Investment Management Inc. Grows Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Charles Schwab Investment Management Inc. grew its stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 2.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,166,522 shares of the basic materials company's stock after purchasing an additional 22,846 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.52% of Air Products and Chemicals worth $319,394,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC bought a new position in shares of Air Products and Chemicals during the fourth quarter valued at approximately $27,000. Roble Belko & Company Inc purchased a new position in Air Products and Chemicals during the 4th quarter valued at $27,000. Stuart Chaussee & Associates Inc. grew its position in Air Products and Chemicals by 257.6% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 118 shares of the basic materials company's stock valued at $32,000 after acquiring an additional 85 shares during the last quarter. Rakuten Securities Inc. purchased a new stake in Air Products and Chemicals in the fourth quarter worth $33,000. Finally, Legacy Bridge LLC bought a new stake in shares of Air Products and Chemicals during the fourth quarter worth $35,000. Hedge funds and other institutional investors own 81.66% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on APD. Mizuho dropped their target price 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, May 1st. Morgan Stanley reduced their price objective on Air Products and Chemicals from $285.00 to $240.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 7th. UBS Group cut Air Products and Chemicals from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $328.00 to $241.00 in a report on Thursday, February 8th. Bank of America raised their price target on Air Products and Chemicals from $272.00 to $275.00 and gave the company a "buy" rating in a research note on Wednesday, May 1st. Finally, Seaport Res Ptn lowered shares of Air Products and Chemicals from a "buy" rating to a "neutral" rating in a research note on Tuesday, February 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Air Products and Chemicals has an average rating of "Hold" and a consensus target price of $277.43.

Air Products and Chemicals Stock Down 1.0 %

NYSE:APD traded down $2.38 during midday trading on Wednesday, reaching $246.27. 888,730 shares of the stock traded hands, compared to its average volume of 1,713,052. The stock has a market capitalization of $54.75 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 2.66 and a beta of 0.80. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $307.71. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.31 and a current ratio of 1.49. The business has a 50-day moving average of $238.93 and a two-hundred day moving average of $253.28.

Air Products and Chemicals (NYSE:APD - Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.70 by $0.15. Air Products and Chemicals had a return on equity of 16.56% and a net margin of 20.32%. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same period in the prior year, the firm posted $2.74 earnings per share. The business's quarterly revenue was down 8.4% on a year-over-year basis. On average, equities analysts forecast that Air Products and Chemicals, Inc. will post 12.31 earnings per share for the current fiscal 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.