Financial Architects Inc Cuts Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Financial Architects Inc lessened its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 8.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,579 shares of the basic materials company’s stock after selling 140 shares during the period. Financial Architects Inc’s holdings in Air Products and Chemicals were worth $473,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in APD. BDO Wealth Advisors LLC boosted its stake in shares of Air Products and Chemicals by 102.3% in the 2nd quarter. BDO Wealth Advisors LLC now owns 89 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 45 shares in the last quarter. Sageworth Trust Co bought a new stake in Air Products and Chemicals during the 1st quarter valued at $30,000. Trifecta Capital Advisors LLC raised its holdings in Air Products and Chemicals by 1,250.0% during the 1st quarter. Trifecta Capital Advisors LLC now owns 108 shares of the basic materials company’s stock valued at $31,000 after buying an additional 100 shares during the last quarter. NewSquare Capital LLC bought a new position in Air Products and Chemicals in the 1st quarter worth $32,000. Finally, Jones Financial Companies Lllp raised its holdings in Air Products and Chemicals by 132.1% in the 2nd quarter. Jones Financial Companies Lllp now owns 123 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 82.62% of the company’s stock.

Air Products and Chemicals Stock Performance

Shares of NYSE APD opened at $268.41 on Wednesday. The firm has a 50 day moving average of $284.80 and a 200 day moving average of $287.07. The company has a current ratio of 1.33, a quick ratio of 1.17 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $59.63 billion, a price-to-earnings ratio of 26.01, a price-to-earnings-growth ratio of 1.81 and a beta of 0.86. Air Products and Chemicals, Inc. has a 12-month low of $251.63 and a 12-month high of $328.56.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Tuesday, November 7th. The basic materials company reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.11 by $0.04. The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.35 billion. Air Products and Chemicals had a net margin of 18.26% and a return on equity of 17.02%. The firm’s quarterly revenue was down 10.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.89 earnings per share. On average, research analysts anticipate that Air Products and Chemicals, Inc. will post 13 earnings per share for the current year.

Insider Activity at Air Products and Chemicals

In other Air Products and Chemicals news, CEO Seifi Ghasemi bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was bought at an average cost of $252.34 per share, for a total transaction of $2,523,400.00. Following the completion of the transaction, the chief executive officer now owns 659,673 shares of the company’s stock, valued at approximately $166,461,884.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on APD shares. Wells Fargo & Company decreased their price objective on shares of Air Products and Chemicals from $345.00 to $320.00 and set an “overweight” rating for the company in a report on Wednesday, November 8th. Mizuho increased their price objective on shares of Air Products and Chemicals from $330.00 to $331.00 and gave the company a “buy” rating in a research report on Thursday, October 5th. Citigroup increased their price objective on shares of Air Products and Chemicals from $328.00 to $340.00 and gave the company a “buy” rating in a research report on Wednesday, October 4th. StockNews.com initiated coverage on shares of Air Products and Chemicals in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Finally, JPMorgan Chase & Co. dropped their price target on shares of Air Products and Chemicals from $310.00 to $295.00 and set an “overweight” rating on the stock in a report on Wednesday, November 8th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $327.00.

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; 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, manufacturing, electronics, magnetic resonance imaging, energy production, medical, food, and metals.