Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by First National Trust Co

First National Trust Co lowered its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 2.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,878 shares of the basic materials company’s stock after selling 122 shares during the quarter. First National Trust Co’s holdings in Air Products and Chemicals were worth $1,609,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Dover Advisors LLC grew its position in shares of 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 acquiring an additional 35 shares during the last quarter. Smithfield Trust Co grew its position in shares of 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 during the last quarter. FinTrust Capital Advisors LLC grew its position in shares of Air Products and Chemicals by 40.4% during 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. Creative Financial Designs Inc. ADV grew its position in shares of Air Products and Chemicals by 1.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,636 shares of the basic materials company’s stock worth $996,000 after acquiring an additional 38 shares during the last quarter. Finally, Fidelis Capital Partners LLC grew its position in shares of Air Products and Chemicals by 2.1% during the third quarter. Fidelis Capital Partners LLC now owns 1,957 shares of the basic materials company’s stock worth $555,000 after acquiring an additional 40 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Trading Up 0.9 %

APD traded up $2.18 during trading on Friday, reaching $245.87. The company had a trading volume of 1,559,471 shares, compared to its average volume of 1,590,100. The firm’s 50-day simple moving average is $238.22 and its 200 day simple moving average is $254.19. The company has a market cap of $54.66 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 2.66 and a beta of 0.80. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month 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.

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

Wall Street Analysts Forecast Growth

APD has been the topic of several research analyst reports. StockNews.com cut shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Thursday. BMO Capital Markets boosted their target price on Air Products and Chemicals from $250.00 to $263.00 and gave the stock an “outperform” rating in a report on Wednesday. Citigroup decreased their price target on Air Products and Chemicals from $285.00 to $280.00 and set a “buy” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. dropped their price objective 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, Seaport Res Ptn cut shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $277.43.

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.