Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. cut its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,730 shares of the basic materials company’s stock after selling 184 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Air Products and Chemicals were worth $4,581,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC purchased a new stake in Air Products and Chemicals during the fourth quarter worth $27,000. Roble Belko & Company Inc purchased a new position in Air Products and Chemicals during the fourth quarter valued at $27,000. Stuart Chaussee & Associates Inc. lifted 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 valued at $32,000 after purchasing an additional 85 shares in the last quarter. Rakuten Securities Inc. acquired a new stake in shares of Air Products and Chemicals in the fourth quarter valued at about $33,000. Finally, Legacy Bridge LLC acquired a new stake in shares of Air Products and Chemicals in the fourth quarter valued at about $35,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

APD has been the subject of a number of recent research reports. Morgan Stanley reduced their target price on shares of Air Products and Chemicals from $285.00 to $240.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 7th. Wolfe Research assumed coverage on shares of Air Products and Chemicals in a research report on Friday, March 1st. They set an “outperform” rating and a $279.00 price objective for the company. TheStreet cut shares of Air Products and Chemicals from a “b” rating to a “c+” rating in a research report on Monday, February 5th. UBS Group cut shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $328.00 to $241.00 in a research report on Thursday, February 8th. Finally, TD Cowen lifted their price target on shares of Air Products and Chemicals from $305.00 to $320.00 and gave the company a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $277.43.

Air Products and Chemicals Stock Performance

APD traded up $2.18 during trading on Friday, hitting $245.87. The stock had a trading volume of 1,559,471 shares, compared to its average volume of 1,590,100. 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 has a market capitalization of $54.66 billion, a P/E ratio of 22.19, a PEG ratio of 2.64 and a beta of 0.80. The company’s 50-day moving average price is $238.22 and its 200 day moving average price is $254.19. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $307.71.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $0.15. The company 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 revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.74 EPS. On average, equities research analysts forecast that Air Products and Chemicals, Inc. will post 12.31 EPS for the current fiscal year.

About Air Products and Chemicals

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.