CarsonAllaria Wealth Management Ltd. Buys 136 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

CarsonAllaria Wealth Management Ltd. lifted its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 21.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 777 shares of the basic materials company’s stock after purchasing an additional 136 shares during the period. CarsonAllaria Wealth Management Ltd.’s holdings in Air Products and Chemicals were worth $232,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Wealth Advisory Solutions LLC grew its holdings in Air Products and Chemicals by 32.9% during the 3rd quarter. Wealth Advisory Solutions LLC now owns 30,535 shares of the basic materials company’s stock worth $9,091,000 after acquiring an additional 7,557 shares in the last quarter. McClarren Financial Advisors Inc. grew its holdings in Air Products and Chemicals by 41.5% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 365 shares of the basic materials company’s stock worth $109,000 after acquiring an additional 107 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Air Products and Chemicals by 0.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 10,772 shares of the basic materials company’s stock valued at $3,207,000 after buying an additional 52 shares during the last quarter. Vest Financial LLC lifted its position in shares of Air Products and Chemicals by 1.0% during the third quarter. Vest Financial LLC now owns 188,589 shares of the basic materials company’s stock valued at $56,150,000 after buying an additional 1,807 shares during the last quarter. Finally, Veracity Capital LLC purchased a new stake in shares of Air Products and Chemicals during the third quarter valued at about $207,000. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Stock Down 0.5 %

Shares of APD traded down $1.58 during mid-day trading on Monday, hitting $330.52. 340,200 shares of the company’s stock were exchanged, compared to its average volume of 1,620,862. The stock’s 50-day moving average is $289.56 and its 200-day moving average is $268.89. The company has a market cap of $73.48 billion, a price-to-earnings ratio of 29.74, a P/E/G ratio of 3.87 and a beta of 0.82. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $332.42. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.27.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Thursday, August 1st. The basic materials company reported $3.20 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.16. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.04 billion. On average, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 12.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

APD has been the subject of several analyst reports. UBS Group increased their price target on shares of Air Products and Chemicals from $307.00 to $345.00 and gave the company a “neutral” rating in a research report on Tuesday, October 15th. Barclays increased their price target on shares of Air Products and Chemicals from $290.00 to $295.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Vertical Research raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price objective for the company in a research report on Monday, October 7th. Evercore ISI raised shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $305.00 to $365.00 in a research report on Monday, October 7th. Finally, The Goldman Sachs Group increased their price objective on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $320.82.

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.