Air Products and Chemicals, Inc. (NYSE:APD) Shares Acquired by National Bank of Canada FI

National Bank of Canada FI grew its position in Air Products and Chemicals, Inc. (NYSE:APD) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,111 shares of the basic materials company’s stock after buying an additional 506 shares during the quarter. National Bank of Canada FI’s holdings in Air Products and Chemicals were worth $15,071,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of APD. Nordea Investment Management AB increased its holdings in Air Products and Chemicals by 1,696.4% during the 4th quarter. Nordea Investment Management AB now owns 518,197 shares of the basic materials company’s stock worth $142,344,000 after purchasing an additional 489,350 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Air Products and Chemicals by 64.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 766,076 shares of the basic materials company’s stock valued at $217,106,000 after purchasing an additional 299,649 shares during the period. International Assets Investment Management LLC lifted its position in Air Products and Chemicals by 26,852.1% during the 4th quarter. International Assets Investment Management LLC now owns 275,720 shares of the basic materials company’s stock worth $754,920,000 after acquiring an additional 274,697 shares during the period. Morgan Stanley lifted its position in Air Products and Chemicals by 4.6% during the 3rd quarter. Morgan Stanley now owns 5,302,455 shares of the basic materials company’s stock worth $1,502,717,000 after acquiring an additional 235,037 shares during the period. Finally, Truist Financial Corp lifted its position in Air Products and Chemicals by 36.4% during the 4th quarter. Truist Financial Corp now owns 700,099 shares of the basic materials company’s stock worth $191,687,000 after acquiring an additional 186,894 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $248.65 on Wednesday. The business’s fifty day moving average price is $238.93 and its two-hundred day moving average price is $253.28. The stock has a market cap of $55.28 billion, a PE ratio of 22.44, a price-to-earnings-growth ratio of 2.66 and a beta of 0.80. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.31 and a current ratio of 1.49. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $307.71.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on APD. Wolfe Research began coverage on Air Products and Chemicals in a research note on Friday, March 1st. They set an “outperform” rating and a $279.00 target price for the company. Seaport Res Ptn downgraded Air Products and Chemicals from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. TheStreet downgraded Air Products and Chemicals from a “b” rating to a “c+” rating in a research note on Monday, February 5th. TD Cowen increased their target price on Air Products and Chemicals from $305.00 to $320.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, Argus downgraded Air Products and Chemicals from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $277.43.

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.