Hyman Charles D Trims Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Hyman Charles D decreased its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,758 shares of the basic materials company’s stock after selling 241 shares during the period. Hyman Charles D’s holdings in Air Products and Chemicals were worth $16,636,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Turtle Creek Wealth Advisors LLC acquired a new position in Air Products and Chemicals in the fourth quarter valued at $27,000. Roble Belko & Company Inc acquired a new stake in Air Products and Chemicals during the 4th quarter worth approximately $27,000. Stuart Chaussee & Associates Inc. grew its stake in Air Products and Chemicals by 257.6% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 118 shares of the basic materials company’s stock worth $32,000 after buying an additional 85 shares during the period. Rakuten Securities Inc. purchased a new position in Air Products and Chemicals in the fourth quarter valued at about $33,000. Finally, Legacy Bridge LLC acquired a new position in shares of Air Products and Chemicals during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on APD. BMO Capital Markets upped their price target on Air Products and Chemicals from $250.00 to $263.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. UBS Group cut shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $328.00 to $241.00 in a research report on Thursday, February 8th. Seaport Res Ptn cut Air Products and Chemicals from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. Mizuho decreased their price objective on shares of Air Products and Chemicals from $295.00 to $286.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Finally, Barclays dropped their target price on shares of Air Products and Chemicals from $260.00 to $245.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 6th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $277.43.

Air Products and Chemicals Stock Performance

Shares of NYSE:APD traded down $2.38 on Wednesday, hitting $246.27. The company’s stock had a trading volume of 888,730 shares, compared to its average volume of 1,713,052. The company has a market capitalization of $54.75 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 2.66 and a beta of 0.80. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.31 and a current ratio of 1.49. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $307.71. The stock’s 50-day moving average is $238.93 and its two-hundred day moving average is $253.28.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Tuesday, April 30th. The basic materials company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.70 by $0.15. The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $3.05 billion. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. Air Products and Chemicals’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter last year, the company earned $2.74 EPS. On average, equities research analysts forecast that Air Products and Chemicals, Inc. will post 12.31 EPS for the current year.

Air Products and Chemicals Company 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.