W.H. Cornerstone Investments Inc. Trims Position in Air Products and Chemicals, Inc. (NYSE:APD)

W.H. Cornerstone Investments Inc. decreased its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 10.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,273 shares of the basic materials company’s stock after selling 598 shares during the quarter. Air Products and Chemicals comprises approximately 1.1% of W.H. Cornerstone Investments Inc.’s portfolio, making the stock its 19th biggest position. W.H. Cornerstone Investments Inc.’s holdings in Air Products and Chemicals were worth $1,444,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Dover Advisors LLC raised its stake in Air Products and Chemicals by 1.9% in the third quarter. Dover Advisors LLC now owns 1,894 shares of the basic materials company’s stock worth $540,000 after buying an additional 35 shares in the last quarter. Smithfield Trust Co boosted its position 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 valued at $444,000 after purchasing an additional 36 shares in the last quarter. FinTrust Capital Advisors LLC grew its stake in 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 valued at $37,000 after purchasing an additional 38 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in Air Products and Chemicals by 1.1% in the fourth 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. Finally, Fidelis Capital Partners LLC lifted 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 valued at $555,000 after buying an additional 40 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Barclays reduced their price objective on shares of Air Products and Chemicals from $260.00 to $245.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 6th. Bank of America increased their price objective on Air Products and Chemicals from $272.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday. StockNews.com downgraded Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Thursday. BMO Capital Markets raised 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. Finally, Mizuho decreased their price target 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. Two equities research 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’s stock. Based on data from MarketBeat.com, Air Products and Chemicals has a consensus rating of “Hold” and an average target price of $277.43.

Air Products and Chemicals Price Performance

APD traded up $2.18 during trading on Friday, hitting $245.87. The company’s stock had a trading volume of 1,559,471 shares, compared to its average volume of 1,590,100. The company has a current ratio of 1.49, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. The firm has a market capitalization 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. The business’s fifty day simple moving average is $238.22 and its 200 day simple moving average is $253.72. 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 posted its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the firm posted $2.74 EPS. Air Products and Chemicals’s revenue was down 8.4% compared to the same quarter last year. On average, equities research 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.