Axxcess Wealth Management LLC Has $226,000 Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Axxcess Wealth Management LLC decreased its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 54.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 826 shares of the basic materials company’s stock after selling 999 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Air Products and Chemicals were worth $226,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of APD. Cape Cod Five Cents Savings Bank bought a new position in shares of Air Products and Chemicals in the third quarter worth about $376,000. Eos Management L.P. increased its stake in shares of Air Products and Chemicals by 26.2% in the 4th quarter. Eos Management L.P. now owns 27,558 shares of the basic materials company’s stock valued at $7,545,000 after buying an additional 5,727 shares during the period. Roffman Miller Associates Inc. PA boosted its holdings in Air Products and Chemicals by 3.6% in the fourth quarter. Roffman Miller Associates Inc. PA now owns 65,192 shares of the basic materials company’s stock valued at $17,850,000 after acquiring an additional 2,285 shares during the last quarter. BKM Wealth Management LLC acquired a new stake in Air Products and Chemicals in the fourth quarter worth about $1,177,000. Finally, Bellwether Advisors LLC bought a new stake in Air Products and Chemicals during the 3rd quarter worth about $501,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on APD shares. BMO Capital Markets upped their target price on shares of Air Products and Chemicals from $250.00 to $263.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Barclays decreased their price objective on shares of Air Products and Chemicals from $260.00 to $245.00 and set an “equal weight” rating for the company in a report on Tuesday, February 6th. Bank of America increased their target price on shares of Air Products and Chemicals from $272.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Citigroup decreased their price target on shares of Air Products and Chemicals from $285.00 to $280.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Finally, Morgan Stanley reduced their target price on Air Products and Chemicals from $285.00 to $240.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Air Products and Chemicals has a consensus rating of “Hold” and a consensus target price of $277.43.

Air Products and Chemicals Stock Performance

Shares of NYSE APD opened at $250.63 on Friday. The stock has a market capitalization of $55.72 billion, a PE ratio of 22.62, a price-to-earnings-growth ratio of 2.66 and a beta of 0.80. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $307.71. The stock has a 50 day moving average price of $239.20 and a 200 day moving average price of $253.23. 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 (NYSE:APD) last released its earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.15. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $3.05 billion. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. The firm’s revenue was down 8.4% on a year-over-year basis. During the same period last year, the business earned $2.74 earnings per share. Analysts predict that Air Products and Chemicals, Inc. will post 12.31 earnings per share for the current fiscal year.

About Air Products and Chemicals

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.