Beverly Hills Private Wealth LLC Decreases Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Beverly Hills Private Wealth LLC cut its position in Air Products and Chemicals, Inc. (NYSE:APD) by 2.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,183 shares of the basic materials company’s stock after selling 242 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Air Products and Chemicals were worth $2,664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in APD. Generali Investments Management Co LLC purchased a new stake in Air Products and Chemicals during the fourth quarter valued at about $26,000. Sierra Ocean LLC bought a new stake in shares of Air Products and Chemicals in the fourth quarter valued at approximately $30,000. Raleigh Capital Management Inc. lifted its stake in shares of Air Products and Chemicals by 69.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after buying an additional 43 shares in the last quarter. Financial Life Planners bought a new position in Air Products and Chemicals in the 4th quarter worth approximately $31,000. Finally, WR Wealth Planners LLC grew its stake in Air Products and Chemicals by 40.3% in the 4th quarter. WR Wealth Planners LLC now owns 108 shares of the basic materials company’s stock valued at $31,000 after buying an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Citigroup dropped their target price on Air Products and Chemicals from $373.00 to $345.00 and set a “buy” rating on the stock in a research report on Tuesday, March 25th. UBS Group cut their target price on Air Products and Chemicals from $335.00 to $324.00 and set a “buy” rating for the company in a research note on Friday. BMO Capital Markets lowered Air Products and Chemicals from an “outperform” rating to a “market perform” rating in a report on Friday, February 7th. Wells Fargo & Company lowered their price target on shares of Air Products and Chemicals from $365.00 to $320.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th. Finally, Barclays reduced their price objective on shares of Air Products and Chemicals from $355.00 to $325.00 and set an “overweight” rating for the company in a research note on Friday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and an average price target of $330.38.

Insiders Place Their Bets

In other Air Products and Chemicals news, VP Sean D. Major sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $315.46, for a total value of $1,419,570.00. Following the completion of the sale, the vice president now owns 14,273 shares in the company, valued at approximately $4,502,560.58. The trade was a 23.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Walter L. Nelson sold 589 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $308.50, for a total transaction of $181,706.50. Following the completion of the transaction, the vice president now owns 719 shares in the company, valued at $221,811.50. This represents a 45.03 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,500 shares of company stock valued at $4,842,604. 0.41% of the stock is currently owned by corporate insiders.

Air Products and Chemicals Stock Up 2.0 %

Shares of NYSE:APD opened at $277.54 on Friday. The firm has a fifty day moving average of $283.60 and a 200 day moving average of $303.62. Air Products and Chemicals, Inc. has a 52-week low of $243.69 and a 52-week high of $341.14. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.96 and a current ratio of 1.11. The firm has a market capitalization of $61.75 billion, a PE ratio of 16.12, a price-to-earnings-growth ratio of 3.07 and a beta of 0.88.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported $2.69 EPS for the quarter, missing the consensus estimate of $2.83 by ($0.14). The firm had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.94 billion. Air Products and Chemicals had a net margin of 31.88% and a return on equity of 15.78%. Air Products and Chemicals’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the company posted $2.85 earnings per share. As a group, research analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 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.