Nichols & Pratt Advisers LLP MA Has $10.82 Million Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Nichols & Pratt Advisers LLP MA lifted its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,508 shares of the basic materials company’s stock after purchasing an additional 671 shares during the period. Nichols & Pratt Advisers LLP MA’s holdings in Air Products and Chemicals were worth $10,817,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of research firms have weighed in on APD. UBS Group downgraded Air Products and Chemicals from a “buy” rating to a “neutral” rating and decreased their price target for the company from $328.00 to $241.00 in a research note on Thursday, February 8th. Morgan Stanley dropped their price target on shares of Air Products and Chemicals from $285.00 to $240.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. TD Cowen raised their target price on shares of Air Products and Chemicals from $305.00 to $320.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Mizuho dropped their price objective on 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. Finally, Argus cut Air Products and Chemicals from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on 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 Price Performance

APD traded up $0.33 on Friday, hitting $250.94. 436,114 shares of the stock were exchanged, compared to its average volume of 1,689,247. The business has a 50-day moving average of $239.54 and a two-hundred day moving average of $253.21. The firm has a market capitalization of $55.79 billion, a price-to-earnings ratio of 22.64, a PEG ratio of 2.66 and a beta of 0.80. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.49 and a quick ratio of 1.31. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $307.71.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Tuesday, April 30th. The basic materials company reported $2.85 EPS for the quarter, topping the consensus estimate of $2.70 by $0.15. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.74 earnings per share. Sell-side analysts forecast that Air Products and Chemicals, Inc. will post 12.31 EPS 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.