Syon Capital LLC Has $781,000 Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Syon Capital LLC grew its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,851 shares of the basic materials company’s stock after purchasing an additional 113 shares during the quarter. Syon Capital LLC’s holdings in Air Products and Chemicals were worth $781,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Morgan Stanley raised its stake 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 buying an additional 235,037 shares during the period. Northern Trust Corp increased its holdings in Air Products and Chemicals by 1.0% during the 3rd quarter. Northern Trust Corp now owns 3,829,919 shares of the basic materials company’s stock worth $1,085,399,000 after purchasing an additional 39,215 shares in the last quarter. Raymond James & Associates increased its holdings in Air Products and Chemicals by 3.6% during the 4th quarter. Raymond James & Associates now owns 1,931,619 shares of the basic materials company’s stock worth $528,877,000 after purchasing an additional 66,906 shares in the last quarter. FMR LLC increased its holdings in Air Products and Chemicals by 1.3% during the 3rd quarter. FMR LLC now owns 1,715,055 shares of the basic materials company’s stock worth $486,047,000 after purchasing an additional 21,422 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in Air Products and Chemicals by 1.5% during the 3rd quarter. Stifel Financial Corp now owns 1,339,666 shares of the basic materials company’s stock worth $379,680,000 after purchasing an additional 20,113 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on APD shares. Wolfe Research started coverage on Air Products and Chemicals in a report on Friday, March 1st. They set an “outperform” rating and a $279.00 target price for the company. Morgan Stanley decreased their price objective on Air Products and Chemicals from $285.00 to $240.00 and set an “equal weight” rating for the company in a report on Wednesday, February 7th. Argus cut Air Products and Chemicals from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Seaport Res Ptn cut Air Products and Chemicals from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. Finally, Wells Fargo & Company cut Air Products and Chemicals from an “overweight” rating to an “equal weight” rating in a report on Monday, February 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Air Products and Chemicals presently has a consensus rating of “Hold” and a consensus target price of $276.36.

Air Products and Chemicals Price Performance

Shares of NYSE APD traded up $1.00 during midday trading on Friday, reaching $236.08. The company’s stock had a trading volume of 1,251,255 shares, compared to its average volume of 1,717,646. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.58 and a current ratio of 1.81. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $307.71. The business’s 50 day moving average price is $236.96 and its two-hundred day moving average price is $256.16. The company has a market cap of $52.48 billion, a P/E ratio of 22.43, a P/E/G ratio of 2.58 and a beta of 0.81.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Monday, February 5th. The basic materials company reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.18). The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.20 billion. Air Products and Chemicals had a net margin of 18.82% and a return on equity of 16.84%. The business’s revenue was down 5.6% compared to the same quarter last year. During the same period last year, the business earned $2.64 earnings per share. On average, analysts forecast that Air Products and Chemicals, Inc. will post 12.38 EPS 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.