Dover Advisors LLC Has $290,000 Position in Air Products and Chemicals, Inc. (NYSE:APD)

Dover Advisors LLC reduced its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 44.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,054 shares of the basic materials company’s stock after selling 840 shares during the quarter. Dover Advisors LLC’s holdings in Air Products and Chemicals were worth $290,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of APD. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Air Products and Chemicals in the fourth quarter valued at $27,000. Roble Belko & Company Inc bought a new position in Air Products and Chemicals in the fourth quarter valued at about $27,000. Stuart Chaussee & Associates Inc. boosted its holdings 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 last quarter. Rakuten Securities Inc. bought a new position in Air Products and Chemicals during the fourth quarter worth about $33,000. Finally, Legacy Bridge LLC bought a new position in Air Products and Chemicals during the fourth quarter worth about $35,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on APD. Mizuho reduced their target price on Air Products and Chemicals from $304.00 to $295.00 and set a “buy” rating on the stock in a report on Tuesday, February 6th. Morgan Stanley reduced their target price on Air Products and Chemicals from $285.00 to $240.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 7th. Seaport Res Ptn lowered Air Products and Chemicals from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. JPMorgan Chase & Co. dropped their price target on Air Products and Chemicals from $295.00 to $270.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 6th. Finally, UBS Group lowered Air Products and Chemicals from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $328.00 to $241.00 in a research report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $276.36.

Air Products and Chemicals Stock Up 0.4 %

Shares of NYSE:APD traded up $1.00 during trading on Friday, hitting $236.08. 1,251,373 shares of the company were exchanged, compared to its average volume of 1,281,333. The stock has a market cap of $52.48 billion, a price-to-earnings ratio of 22.53, a P/E/G ratio of 2.60 and a beta of 0.81. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $307.71. The firm has a fifty day moving average price of $237.14 and a two-hundred day moving average price of $255.35. The company has a current ratio of 1.81, a quick ratio of 1.58 and a debt-to-equity ratio of 0.74.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Monday, February 5th. The basic materials company reported $2.82 earnings per share for the quarter, missing the consensus estimate of $3.00 by ($0.18). The company had revenue of $3 billion for the quarter, compared to analyst estimates of $3.20 billion. Air Products and Chemicals had a return on equity of 16.84% and a net margin of 18.82%. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period last year, the firm earned $2.64 EPS. As a group, research analysts anticipate that Air Products and Chemicals, Inc. will post 12.38 earnings per share 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.