Financial Architects Inc Has $168,000 Position in Air Products & Chemicals, Inc. (APD)

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Financial Architects Inc trimmed its holdings in Air Products & Chemicals, Inc. (NYSE:APD) by 64.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,003 shares of the basic materials company’s stock after selling 1,857 shares during the quarter. Financial Architects Inc’s holdings in Air Products & Chemicals were worth $168,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Mount Yale Investment Advisors LLC purchased a new position in Air Products & Chemicals in the first quarter worth approximately $114,000. Braun Bostich & Associates Inc. grew its position in Air Products & Chemicals by 542.6% in the second quarter. Braun Bostich & Associates Inc. now owns 739 shares of the basic materials company’s stock worth $115,000 after acquiring an additional 624 shares during the period. IMS Capital Management purchased a new position in Air Products & Chemicals in the second quarter worth approximately $146,000. NuWave Investment Management LLC lifted its stake in Air Products & Chemicals by 8,770.0% during the third quarter. NuWave Investment Management LLC now owns 887 shares of the basic materials company’s stock worth $148,000 after purchasing an additional 877 shares in the last quarter. Finally, Vigilant Capital Management LLC acquired a new position in Air Products & Chemicals during the second quarter worth $158,000. Institutional investors own 86.18% of the company’s stock.

A number of research analysts have commented on APD shares. Credit Suisse Group upped their price target on Air Products & Chemicals from $182.00 to $188.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. BNP Paribas started coverage on Air Products & Chemicals in a research note on Tuesday, October 2nd. They set an “outperform” rating on the stock. Zacks Investment Research cut Air Products & Chemicals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 16th. ValuEngine cut Air Products & Chemicals from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. Finally, Vertical Research upgraded Air Products & Chemicals from a “hold” rating to a “buy” rating in a research note on Wednesday, August 29th. Two investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $188.07.

Shares of NYSE APD opened at $150.96 on Tuesday. The firm has a market capitalization of $32.77 billion, a PE ratio of 23.92, a P/E/G ratio of 1.37 and a beta of 1.05. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.24 and a current ratio of 2.40. Air Products & Chemicals, Inc. has a 12-month low of $148.44 and a 12-month high of $175.17.

Air Products & Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, July 26th. The basic materials company reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.11. The business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Air Products & Chemicals had a return on equity of 15.15% and a net margin of 17.13%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the firm earned $1.65 earnings per share. As a group, analysts anticipate that Air Products & Chemicals, Inc. will post 7.45 earnings per share for the current year.

Air Products & Chemicals Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, electronics and performance materials, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and 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 metals, glass, chemical processing, electronics, energy production and refining, food processing, metallurgical, medical, and general manufacturing.

Further Reading: Market Capitalization – What it Means for Investors

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Institutional Ownership by Quarter for Air Products & Chemicals (NYSE:APD)

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