Catalyst Financial Partners LLC Sells 595 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Catalyst Financial Partners LLC trimmed its position in Air Products and Chemicals, Inc. (NYSE:APD) by 21.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,155 shares of the basic materials company’s stock after selling 595 shares during the period. Catalyst Financial Partners LLC’s holdings in Air Products and Chemicals were worth $590,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in APD. Morgan Stanley boosted its holdings in shares of Air Products and Chemicals by 4.6% in the 3rd quarter. Morgan Stanley now owns 5,302,455 shares of the basic materials company’s stock worth $1,502,717,000 after purchasing an additional 235,037 shares in the last quarter. Northern Trust Corp raised its stake in shares of Air Products and Chemicals by 1.0% during the third quarter. Northern Trust Corp now owns 3,829,919 shares of the basic materials company’s stock worth $1,085,399,000 after acquiring an additional 39,215 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of Air Products and Chemicals by 3.6% in the 4th quarter. Raymond James & Associates now owns 1,931,619 shares of the basic materials company’s stock worth $528,877,000 after acquiring an additional 66,906 shares during the last quarter. FMR LLC grew its holdings in shares of Air Products and Chemicals by 1.3% during the 3rd quarter. FMR LLC now owns 1,715,055 shares of the basic materials company’s stock valued at $486,047,000 after purchasing an additional 21,422 shares during the last quarter. Finally, Stifel Financial Corp raised its position in Air Products and Chemicals by 1.5% in the 3rd quarter. Stifel Financial Corp now owns 1,339,666 shares of the basic materials company’s stock worth $379,680,000 after purchasing an additional 20,113 shares during the period. 81.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Seaport Res Ptn downgraded Air Products and Chemicals from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. JPMorgan Chase & Co. dropped their target price on shares of Air Products and Chemicals from $270.00 to $260.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. Barclays lowered their price target on Air Products and Chemicals from $260.00 to $245.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 6th. Morgan Stanley cut their price objective on Air Products and Chemicals from $285.00 to $240.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. Finally, TD Cowen upped their target price on Air Products and Chemicals from $305.00 to $320.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Air Products and Chemicals has an average rating of “Hold” and an average target price of $277.43.

Air Products and Chemicals Stock Up 1.8 %

Air Products and Chemicals stock traded up $4.36 during mid-day trading on Thursday, hitting $250.63. The company had a trading volume of 840,346 shares, compared to its average volume of 1,703,354. The stock’s 50 day moving average price is $239.20 and its two-hundred day moving average price is $253.23. The company has a current ratio of 1.49, a quick ratio of 1.31 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $55.72 billion, a PE ratio of 22.62, a price-to-earnings-growth 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.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.15. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates 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 last year, the business earned $2.74 EPS. As a group, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 12.31 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.