Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Dover Advisors LLC

Dover Advisors LLC reduced its position in Air Products and Chemicals, Inc. (NYSE:APD) by 44.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,054 shares of the basic materials company’s stock after selling 840 shares during the quarter. Dover Advisors LLC’s holdings in Air Products and Chemicals were worth $290,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Smithfield Trust Co raised its holdings in 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 valued at $444,000 after buying an additional 36 shares during the period. FinTrust Capital Advisors LLC raised its holdings in 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 valued at $37,000 after buying an additional 38 shares during the period. Patton Albertson Miller Group LLC raised its holdings in Air Products and Chemicals by 3.9% in 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 buying an additional 38 shares during the period. Creative Financial Designs Inc. ADV raised its holdings in Air Products and Chemicals by 1.1% in 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 buying an additional 38 shares during the period. Finally, Fidelis Capital Partners LLC raised its holdings in Air Products and Chemicals by 2.1% in the third quarter. Fidelis Capital Partners LLC now owns 1,957 shares of the basic materials company’s stock valued at $555,000 after buying an additional 40 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on APD shares. Barclays lowered their price objective 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 report on Tuesday, February 6th. TD Cowen decreased their price target on shares of Air Products and Chemicals from $345.00 to $305.00 and set an “outperform” rating for the company in a research report on Friday, February 16th. Wolfe Research assumed coverage on shares of Air Products and Chemicals in a research report on Friday, March 1st. They set an “outperform” rating and a $279.00 price target for the company. StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd. 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 given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $276.36.

Air Products and Chemicals Stock Performance

APD traded up $1.00 during trading hours on Friday, hitting $236.08. 1,251,373 shares of the stock were exchanged, compared to its average volume of 1,281,333. The stock has a 50-day simple moving average of $237.14 and a 200-day simple moving average of $255.35. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $307.71. The stock has a market cap of $52.48 billion, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of 2.60 and a beta of 0.81. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.81 and a quick ratio of 1.58.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Monday, February 5th. The basic materials company reported $2.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.00 by ($0.18). The firm had revenue of $3 billion for 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 revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter last year, the business 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.

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.