Sigma Planning Corp Reduces Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Sigma Planning Corp reduced its position in Air Products and Chemicals, Inc. (NYSE:APD) by 73.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,891 shares of the basic materials company’s stock after selling 5,117 shares during the period. Sigma Planning Corp’s holdings in Air Products and Chemicals were worth $518,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of APD. Cape Cod Five Cents Savings Bank acquired a new stake in Air Products and Chemicals in the third quarter valued at $376,000. BKM Wealth Management LLC bought a new stake in shares of Air Products and Chemicals in the 4th quarter worth about $1,177,000. Bellwether Advisors LLC acquired a new stake in shares of Air Products and Chemicals in the 3rd quarter valued at about $501,000. Zenyatta Capital Management LP lifted its position in shares of Air Products and Chemicals by 46.7% during the fourth quarter. Zenyatta Capital Management LP now owns 22,000 shares of the basic materials company’s stock worth $6,024,000 after purchasing an additional 7,000 shares during the last quarter. Finally, Bristol John W & Co. Inc. NY grew its stake in Air Products and Chemicals by 37.6% in the fourth quarter. Bristol John W & Co. Inc. NY now owns 388,474 shares of the basic materials company’s stock worth $106,364,000 after purchasing an additional 106,054 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Wells Fargo & Company cut Air Products and Chemicals from an “overweight” rating to an “equal weight” rating in a research note on Monday, February 5th. TheStreet lowered Air Products and Chemicals from a “b” rating to a “c+” rating in a research report on Monday, February 5th. Morgan Stanley decreased their price objective on shares of Air Products and Chemicals from $285.00 to $240.00 and set an “equal weight” rating for the company in a report on Wednesday, February 7th. Barclays lowered their target price 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. Finally, Citigroup raised their price target on shares of Air Products and Chemicals from $260.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Air Products and Chemicals currently has a consensus rating of “Hold” and an average price target of $276.36.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $235.05 on Friday. The firm’s 50 day moving average is $236.96 and its two-hundred day moving average is $256.16. The firm has a market capitalization of $52.25 billion, a P/E ratio of 22.43, a PEG ratio of 2.57 and a beta of 0.81. The company has a current ratio of 1.81, a quick ratio of 1.58 and a debt-to-equity ratio of 0.74. 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 issued its quarterly earnings data on Monday, February 5th. The basic materials company reported $2.82 earnings per share (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 business’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period last year, the company earned $2.64 earnings per share. Analysts anticipate 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.