Cwm LLC Lowers Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Cwm LLC lessened its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 6.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,989 shares of the basic materials company’s stock after selling 425 shares during the period. Cwm LLC’s holdings in Air Products and Chemicals were worth $1,640,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Dover Advisors LLC boosted its position in shares of 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 during the period. Smithfield Trust Co boosted its position in shares of Air Products and Chemicals by 2.4% in the third quarter. Smithfield Trust Co now owns 1,566 shares of the basic materials company’s stock worth $444,000 after buying an additional 36 shares during the period. FinTrust Capital Advisors LLC boosted its position in shares of 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 worth $37,000 after buying an additional 38 shares during the period. Patton Albertson Miller Group LLC boosted its position in Air Products and Chemicals by 3.9% during the third quarter. Patton Albertson Miller Group LLC now owns 1,025 shares of the basic materials company’s stock valued at $290,000 after purchasing an additional 38 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its position in 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 valued at $996,000 after purchasing an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on APD shares. JPMorgan Chase & Co. reduced their price objective on Air Products and Chemicals from $295.00 to $270.00 and set an “overweight” rating for the company in a research report on Tuesday, February 6th. BMO Capital Markets reduced their price objective on Air Products and Chemicals from $307.00 to $250.00 and set an “outperform” rating for the company in a research report on Tuesday, February 6th. Bank of America raised Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $264.00 price objective for the company in a research report on Thursday, February 15th. Barclays cut their target price on Air Products and Chemicals from $260.00 to $245.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 6th. Finally, Seaport Res Ptn lowered Air Products and Chemicals from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $276.36.

Air Products and Chemicals Trading Up 0.4 %

Air Products and Chemicals stock opened at $236.06 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.58 and a current ratio of 1.81. The business’s 50-day simple moving average is $237.14 and its 200-day simple moving average is $255.82. The firm has a market capitalization of $52.48 billion, a PE ratio of 22.52, a PEG ratio of 2.58 and a beta of 0.81. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $307.71.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Monday, February 5th. The basic materials company reported $2.82 EPS for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.18). The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.20 billion. Air Products and Chemicals had a return on equity of 16.84% and a net margin of 18.82%. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.64 earnings per share. Equities research analysts forecast that Air Products and Chemicals, Inc. will post 12.38 earnings per share for the current 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.