Air Products and Chemicals, Inc. (NYSE:APD) Shares Purchased by Venture Visionary Partners LLC

Venture Visionary Partners LLC increased its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 55.8% during the 1st quarter, Holdings Channel.com reports. The fund owned 2,620 shares of the basic materials company’s stock after purchasing an additional 938 shares during the quarter. Venture Visionary Partners LLC’s holdings in Air Products and Chemicals were worth $737,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in APD. Schonfeld Strategic Advisors LLC raised its stake in Air Products and Chemicals by 441.3% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 28,017 shares of the basic materials company’s stock worth $8,345,000 after acquiring an additional 22,841 shares in the last quarter. Van ECK Associates Corp grew its position in Air Products and Chemicals by 29.0% during the 3rd quarter. Van ECK Associates Corp now owns 14,462 shares of the basic materials company’s stock worth $4,308,000 after purchasing an additional 3,249 shares during the last quarter. Strs Ohio grew its position in Air Products and Chemicals by 2.4% during the 3rd quarter. Strs Ohio now owns 161,359 shares of the basic materials company’s stock worth $48,062,000 after purchasing an additional 3,795 shares during the last quarter. Private Trust Co. NA grew its position in Air Products and Chemicals by 6.7% during the 4th quarter. Private Trust Co. NA now owns 13,003 shares of the basic materials company’s stock worth $3,552,000 after purchasing an additional 814 shares during the last quarter. Finally, First American Bank grew its position in Air Products and Chemicals by 1.4% during the 4th quarter. First American Bank now owns 28,965 shares of the basic materials company’s stock worth $7,914,000 after purchasing an additional 395 shares during the last quarter. Hedge funds and other institutional investors own 82.75% of the company’s stock.

APD stock opened at $290.19 on Tuesday. The company has a market cap of $64.21 billion, a P/E ratio of 34.18, a P/E/G ratio of 3.63 and a beta of 0.76. Air Products and Chemicals, Inc. has a 52 week low of $219.52 and a 52 week high of $327.89. The company’s 50-day moving average price is $283.64 and its 200 day moving average price is $276.68. The company has a current ratio of 3.59, a quick ratio of 3.43 and a debt-to-equity ratio of 0.60.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Wednesday, February 3rd. The basic materials company reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.07). The business had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.34 billion. Air Products and Chemicals had a return on equity of 15.48% and a net margin of 21.30%. The business’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.14 EPS. On average, equities research analysts expect that Air Products and Chemicals, Inc. will post 9.28 earnings per share for the current year.

Several research analysts have issued reports on APD shares. Wells Fargo & Company raised their price objective on shares of Air Products and Chemicals from $300.00 to $320.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 13th. Jefferies Financial Group downgraded shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and raised their price objective for the stock from $307.00 to $324.00 in a research report on Thursday, January 7th. Cowen initiated coverage on shares of Air Products and Chemicals in a research report on Wednesday, March 24th. They set an “outperform” rating and a $340.00 price objective on the stock. Credit Suisse Group reaffirmed an “outperform” rating and issued a $302.00 target price on shares of Air Products and Chemicals in a report on Monday, March 22nd. Finally, Bank of America raised shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $305.00 target price on the stock in a report on Monday, February 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $305.00.

About Air Products and Chemicals

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, manufacturing, food and beverage, electronics, magnetic resonance imaging, energy production and refining, and metals.

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Institutional Ownership by Quarter for Air Products and Chemicals (NYSE:APD)

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