Red Cedar Investment Management LLC Has $1.12 Million Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Red Cedar Investment Management LLC decreased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 41.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,074 shares of the basic materials company’s stock after selling 2,922 shares during the period. Red Cedar Investment Management LLC’s holdings in Air Products and Chemicals were worth $1,115,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Dover Advisors LLC lifted its stake in Air Products and Chemicals by 1.9% during the third quarter. Dover Advisors LLC now owns 1,894 shares of the basic materials company’s stock worth $540,000 after purchasing an additional 35 shares during the last quarter. Smithfield Trust Co raised its stake in Air Products and Chemicals by 2.4% during the third quarter. Smithfield Trust Co now owns 1,566 shares of the basic materials company’s stock worth $444,000 after acquiring an additional 36 shares in the last quarter. FinTrust Capital Advisors LLC lifted its holdings in shares of Air Products and Chemicals by 40.4% in the third quarter. FinTrust Capital Advisors LLC now owns 132 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 38 shares during the last quarter. Patton Albertson Miller Group LLC grew its holdings in shares of Air Products and Chemicals by 3.9% during the 3rd quarter. Patton Albertson Miller Group LLC now owns 1,025 shares of the basic materials company’s stock valued at $290,000 after purchasing an additional 38 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV increased its position in Air Products and Chemicals by 1.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,636 shares of the basic materials company’s stock worth $996,000 after purchasing an additional 38 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Citigroup cut their target price on shares of Air Products and Chemicals from $285.00 to $280.00 and set a “buy” rating on the stock in a research report on Wednesday. TD Cowen boosted their price objective on Air Products and Chemicals from $305.00 to $320.00 and gave the stock a “buy” rating in a research report on Wednesday. TheStreet downgraded Air Products and Chemicals from a “b” rating to a “c+” rating in a research report on Monday, February 5th. JPMorgan Chase & Co. cut their price target on Air Products and Chemicals from $270.00 to $260.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Bank of America upped their price objective on Air Products and Chemicals from $272.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $277.43.

Air Products and Chemicals Trading Up 0.9 %

Shares of NYSE:APD traded up $2.18 during trading on Friday, reaching $245.87. The stock had a trading volume of 1,559,471 shares, compared to its average volume of 1,590,100. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $307.71. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.49. The firm’s fifty day moving average is $238.22 and its 200 day moving average is $254.19. The stock has a market cap of $54.66 billion, a price-to-earnings ratio of 22.19, a P/E/G ratio of 2.66 and a beta of 0.80.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.15. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. The business had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter in the prior year, the firm posted $2.74 earnings per share. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. As a group, equities analysts forecast that Air Products and Chemicals, Inc. will post 12.31 EPS for the current fiscal 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.