Fiduciary Trust Co Sells 1,230 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Fiduciary Trust Co decreased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 3.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 40,140 shares of the basic materials company’s stock after selling 1,230 shares during the period. Fiduciary Trust Co’s holdings in Air Products and Chemicals were worth $11,642,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. FORA Capital LLC purchased a new stake in Air Products and Chemicals during the 4th quarter valued at $248,000. Fullcircle Wealth LLC purchased a new position in Air Products and Chemicals during the 4th quarter valued at about $215,000. FWL Investment Management LLC raised its position in Air Products and Chemicals by 5.5% during the 4th quarter. FWL Investment Management LLC now owns 5,734 shares of the basic materials company’s stock valued at $1,663,000 after purchasing an additional 300 shares during the last quarter. Deutsche Bank AG lifted its holdings in Air Products and Chemicals by 13.5% in the 4th quarter. Deutsche Bank AG now owns 441,677 shares of the basic materials company’s stock worth $128,104,000 after buying an additional 52,459 shares during the period. Finally, EP Wealth Advisors LLC raised its holdings in shares of Air Products and Chemicals by 15.4% during the fourth quarter. EP Wealth Advisors LLC now owns 13,948 shares of the basic materials company’s stock valued at $4,046,000 after acquiring an additional 1,866 shares in the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Wilbur Mok sold 1,300 shares of Air Products and Chemicals stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $315.88, for a total transaction of $410,644.00. Following the transaction, the insider now directly owns 3,193 shares in the company, valued at approximately $1,008,604.84. The trade was a 28.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Francesco Maione sold 2,016 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $306.00, for a total value of $616,896.00. Following the completion of the sale, the insider now owns 3,834 shares of the company’s stock, valued at approximately $1,173,204. The trade was a 34.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,000 shares of company stock valued at $3,423,034 in the last quarter. 0.41% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on APD. BNP Paribas upgraded shares of Air Products and Chemicals to a “strong-buy” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $320.00 price target (down previously from $345.00) on shares of Air Products and Chemicals in a research report on Friday, February 7th. Bank of America downgraded Air Products and Chemicals from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $330.00 to $282.00 in a report on Tuesday, April 15th. StockNews.com lowered Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. Finally, Barclays lowered their price target on shares of Air Products and Chemicals from $355.00 to $325.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Air Products and Chemicals currently has an average rating of “Moderate Buy” and a consensus target price of $330.38.

Air Products and Chemicals Trading Up 1.9 %

Air Products and Chemicals stock opened at $269.60 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.11 and a quick ratio of 0.96. The stock has a market capitalization of $60.00 billion, a PE ratio of 15.66, a price-to-earnings-growth ratio of 3.07 and a beta of 0.88. The business’s fifty day moving average is $280.02 and its 200 day moving average is $302.08. Air Products and Chemicals, Inc. has a one year low of $243.69 and a one year high of $341.14.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported $2.69 earnings per share for the quarter, missing the consensus estimate of $2.83 by ($0.14). Air Products and Chemicals had a net margin of 31.88% and a return on equity of 15.78%. The firm had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the company earned $2.85 earnings per share. Air Products and Chemicals’s quarterly revenue was down .5% compared to the same quarter last year. On average, sell-side analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS 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.