Air Products and Chemicals, Inc. (NYSE:APD) Shares Purchased by Tandem Capital Management Corp ADV

Tandem Capital Management Corp ADV raised its position in Air Products and Chemicals, Inc. (NYSE:APD) by 40.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,923 shares of the basic materials company’s stock after buying an additional 1,413 shares during the quarter. Tandem Capital Management Corp ADV’s holdings in Air Products and Chemicals were worth $1,466,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in APD. Meeder Asset Management Inc. acquired a new stake in Air Products and Chemicals in the second quarter valued at about $32,000. Hexagon Capital Partners LLC boosted its stake in shares of Air Products and Chemicals by 2,250.0% in the first quarter. Hexagon Capital Partners LLC now owns 141 shares of the basic materials company’s stock valued at $34,000 after buying an additional 135 shares in the last quarter. Iron Horse Wealth Management LLC grew its holdings in Air Products and Chemicals by 88.7% during the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 55 shares during the period. Trifecta Capital Advisors LLC raised its position in Air Products and Chemicals by 1,700.0% in the second quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 136 shares in the last quarter. Finally, Beacon Capital Management LLC boosted its position in shares of Air Products and Chemicals by 128.8% during the 1st quarter. Beacon Capital Management LLC now owns 183 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 103 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

NYSE:APD traded down $2.10 on Friday, reaching $320.00. The stock had a trading volume of 16,125 shares, compared to its average volume of 1,610,865. The stock has a fifty day moving average price of $292.79 and a 200-day moving average price of $270.59. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year high of $332.42. The company has a market capitalization of $71.14 billion, a P/E ratio of 29.06, a price-to-earnings-growth ratio of 3.87 and a beta of 0.82. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.77.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, August 1st. The basic materials company reported $3.20 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.16. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.04 billion. Research analysts forecast that Air Products and Chemicals, Inc. will post 12.33 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on APD. StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday, September 23rd. Evercore ISI upgraded Air Products and Chemicals from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $305.00 to $365.00 in a research report on Monday, October 7th. Wells Fargo & Company raised their price target on Air Products and Chemicals from $280.00 to $330.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Citigroup upped their price target on shares of Air Products and Chemicals from $330.00 to $345.00 and gave the company a “buy” rating in a report on Monday, October 7th. Finally, Redburn Atlantic raised Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price on the stock in a research note on Friday. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Air Products and Chemicals has an average rating of “Moderate Buy” and an average target price of $326.12.

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.