Institutional Investors Lead Shift in Air Products & Chemicals Inc (NYSE:APD) Sentiment

September 30, 2018 - By Jason Dias

Air Products and Chemicals, Inc. (NYSE:APD) Logo

Sentiment for Air Products & Chemicals Inc (NYSE:APD)

Air Products & Chemicals Inc (NYSE:APD) institutional sentiment increased to 1.35 in 2018 Q2. Its up 0.34, from 1.01 in 2018Q1. The ratio has increased, as 378 institutional investors increased or opened new holdings, while 280 reduced and sold their stakes in Air Products & Chemicals Inc. The institutional investors in our partner’s database now hold: 183.38 million shares, down from 184.89 million shares in 2018Q1. Also, the number of institutional investors holding Air Products & Chemicals Inc in their top 10 holdings decreased from 14 to 11 for a decrease of 3. Sold All: 42 Reduced: 238 Increased: 286 New Position: 92.

Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, electronics and performance materials, equipment, and services worldwide. The company has market cap of $36.63 billion. The firm 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 clients in various industries, including metals, glass, chemical processing, electronics, energy production and refining, food processing, metallurgical, medical, and general manufacturing. It has a 24.34 P/E ratio. It also creates and makes equipment for air separation, hydrocarbon recovery and purification, natural gas liquefaction, and liquid helium and liquid hydrogen transport and storage.

The stock decreased 0.22% or $0.37 during the last trading session, reaching $167.05. About 884,655 shares traded. Air Products and Chemicals, Inc. (NYSE:APD) has risen 11.36% since September 30, 2017 and is uptrending. It has underperformed by 4.26% the S&P500.

Analysts await Air Products and Chemicals, Inc. (NYSE:APD) to report earnings on October, 25. They expect $2.00 earnings per share, up 13.64 % or $0.24 from last year’s $1.76 per share. APD’s profit will be $438.54M for 20.88 P/E if the $2.00 EPS becomes a reality. After $1.95 actual earnings per share reported by Air Products and Chemicals, Inc. for the previous quarter, Wall Street now forecasts 2.56 % EPS growth.

Freshford Capital Management Llc holds 8.26% of its portfolio in Air Products and Chemicals, Inc. for 336,414 shares. Talara Capital Management Llc owns 84,975 shares or 7.35% of their US portfolio. Moreover, Luminus Management Llc has 6.88% invested in the company for 1.93 million shares. The North Carolina-based Banbury Partners Llc has invested 5.42% in the stock. Findlay Park Partners Llp, a United Kingdom-based fund reported 3.20 million shares.

Air Products and Chemicals, Inc. (NYSE:APD) Ratings Coverage

Ratings analysis reveals 100% of Air Products \u0026 Chemicals’s analysts are positive. Out of 7 Wall Street analysts rating Air Products \u0026 Chemicals, 7 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $170 while the high is $215. The stock’s average target of $195.57 is 17.07% above today’s ($167.05) share price. APD was included in 10 notes of analysts from April 10, 2018. The firm has “Outperform” rating by Credit Suisse given on Friday, July 27. The company was maintained on Friday, July 27 by JP Morgan. The stock of Air Products and Chemicals, Inc. (NYSE:APD) has “Buy” rating given on Tuesday, August 14 by Deutsche Bank. The company was maintained on Tuesday, April 10 by Citigroup. On Wednesday, August 1 the stock rating was maintained by Susquehanna with “Positive”. The stock of Air Products and Chemicals, Inc. (NYSE:APD) earned “Buy” rating by Citigroup on Monday, April 30. The rating was maintained by BMO Capital Markets with “Outperform” on Monday, July 30. The rating was maintained by Citigroup on Wednesday, July 11 with “Buy”. BMO Capital Markets maintained the stock with “Outperform” rating in Tuesday, August 14 report.

Another recent and important Air Products and Chemicals, Inc. (NYSE:APD) news was published by 247Wallst.com which published an article titled: “Top Analyst Upgrades and Downgrades: Abbott Labs, Avon, Caesars, Comcast, Rowan, UnitedHealth, Vonage and More” on September 24, 2018.

Air Products and Chemicals, Inc. (NYSE:APD) Institutional Positions Chart

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