Air Products and Chemicals, Inc. (NYSE:APD) Shares Acquired by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp increased its holdings in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 20.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,283 shares of the basic materials company's stock after purchasing an additional 1,577 shares during the period. OMERS ADMINISTRATION Corp's holdings in Air Products and Chemicals were worth $2,692,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Generali Investments Management Co LLC bought a new stake in shares of Air Products and Chemicals in the 4th quarter worth about $26,000. Sierra Ocean LLC purchased a new stake in Air Products and Chemicals during the fourth quarter valued at approximately $30,000. Raleigh Capital Management Inc. lifted its stake in shares of Air Products and Chemicals by 69.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company's stock valued at $30,000 after purchasing an additional 43 shares during the last quarter. Financial Life Planners purchased a new position in shares of Air Products and Chemicals in the 4th quarter worth approximately $31,000. Finally, WR Wealth Planners LLC increased 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 valued at $31,000 after purchasing an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Stock Down 0.3%

Air Products and Chemicals stock traded down $0.93 during midday trading on Tuesday, hitting $276.41. 167,029 shares of the company's stock were exchanged, compared to its average volume of 1,438,351. Air Products and Chemicals, Inc. has a 12 month low of $243.69 and a 12 month high of $341.14. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.96 and a current ratio of 1.11. The company has a market cap of $61.51 billion, a PE ratio of 16.05, a P/E/G ratio of 3.07 and a beta of 0.88. The firm has a 50-day moving average of $275.64 and a two-hundred day moving average of $299.73.

Air Products and Chemicals (NYSE:APD - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.94 billion. Air Products and Chemicals had a net margin of 31.88% and a return on equity of 15.78%. The business's quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.85 earnings per share. As a group, analysts expect that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Insider Transactions at Air Products and Chemicals

In related news, insider Kurt Lefevere sold 1,500 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $316.17, for a total transaction of $474,255.00. Following the completion of the sale, the insider now owns 1,462 shares of the company's stock, valued at $462,240.54. This represents a 50.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Walter L. Nelson sold 589 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $308.50, for a total transaction of $181,706.50. Following the completion of the sale, the vice president now owns 719 shares of the company's stock, valued at approximately $221,811.50. This trade represents a 45.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on APD shares. StockNews.com lowered shares of Air Products and Chemicals from a "hold" rating to a "sell" rating in a research note on Friday, February 7th. Sanford C. Bernstein raised shares of Air Products and Chemicals from a "market perform" rating to an "outperform" rating and set a $375.00 price objective on the stock in a research report on Friday, January 31st. Wells Fargo & Company dropped their target price on Air Products and Chemicals from $365.00 to $320.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $320.00 price target (down from $345.00) on shares of Air Products and Chemicals in a report on Friday, February 7th. Finally, Bank of America cut Air Products and Chemicals from a "neutral" rating to an "underperform" rating and dropped their price objective for the company from $330.00 to $282.00 in a report on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $330.38.

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.