Air Products and Chemicals, Inc. (NYSE:APD) Shares Acquired by MGO One Seven LLC

MGO One Seven LLC grew its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 8.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,046 shares of the basic materials company's stock after purchasing an additional 1,419 shares during the quarter. MGO One Seven LLC's holdings in Air Products and Chemicals were worth $5,234,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in shares of Air Products and Chemicals during the fourth quarter worth about $919,721,000. Raymond James Financial Inc. purchased a new position in Air Products and Chemicals in the fourth quarter valued at about $885,371,000. Capital International Investors acquired a new position in Air Products and Chemicals during the fourth quarter worth $436,636,000. Orion Portfolio Solutions LLC grew its stake in Air Products and Chemicals by 1,615.5% in the 4th quarter. Orion Portfolio Solutions LLC now owns 530,005 shares of the basic materials company's stock valued at $153,723,000 after acquiring an additional 499,110 shares during the last quarter. Finally, Senator Investment Group LP purchased a new stake in shares of Air Products and Chemicals in the fourth quarter valued at about $133,551,000. Hedge funds and other institutional investors own 81.66% of the company's stock.

Insider Transactions at Air Products and Chemicals

In other news, VP Sean D. Major sold 4,500 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $315.46, for a total value of $1,419,570.00. Following the completion of the sale, the vice president now owns 14,273 shares in the company, valued at approximately $4,502,560.58. This trade represents a 23.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Francesco Maione sold 2,016 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $306.00, for a total value of $616,896.00. Following the transaction, the insider now directly owns 3,834 shares in the company, valued at $1,173,204. This trade represents a 34.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,500 shares of company stock valued at $4,842,604 over the last 90 days. Corporate insiders own 0.41% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on APD shares. BMO Capital Markets downgraded Air Products and Chemicals from an "outperform" rating to a "market perform" rating in a research report on Friday, February 7th. Bank of America cut Air Products and Chemicals from a "neutral" rating to an "underperform" rating and dropped their price objective for the stock from $330.00 to $282.00 in a research report on Tuesday, April 15th. Barclays reduced their target price on shares of Air Products and Chemicals from $365.00 to $355.00 and set an "overweight" rating on the stock in a report on Tuesday, April 1st. StockNews.com downgraded shares of Air Products and Chemicals from a "hold" rating to a "sell" rating in a report on Friday, February 7th. Finally, Citigroup reduced their price objective on shares of Air Products and Chemicals from $373.00 to $345.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $332.18.

Air Products and Chemicals Trading Down 0.5 %

APD stock traded down $1.41 during trading on Friday, reaching $267.44. 667,899 shares of the stock traded hands, compared to its average volume of 1,484,280. The firm has a market capitalization of $59.50 billion, a PE ratio of 15.53, a P/E/G ratio of 3.07 and a beta of 0.89. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.11 and a quick ratio of 0.96. The business's 50 day moving average price is $287.71 and its 200-day moving average price is $305.34. Air Products and Chemicals, Inc. has a 52-week low of $228.81 and a 52-week high of $341.14.

Air Products and Chemicals (NYSE:APD - Get Free Report) last issued its earnings results on Thursday, February 6th. The basic materials company reported $2.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.13 by ($0.27). Air Products and Chemicals had a return on equity of 15.78% and a net margin of 31.88%. As a group, sell-side analysts forecast that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current 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.