Flagship Harbor Advisors LLC Sells 49 Shares of Air Products and Chemicals, Inc. $APD

Flagship Harbor Advisors LLC trimmed its position in Air Products and Chemicals, Inc. (NYSE:APD) by 1.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,044 shares of the basic materials company’s stock after selling 49 shares during the period. Flagship Harbor Advisors LLC’s holdings in Air Products and Chemicals were worth $858,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in APD. West Oak Capital LLC grew its position in Air Products and Chemicals by 12.2% in the 2nd quarter. West Oak Capital LLC now owns 10,815 shares of the basic materials company’s stock valued at $3,050,000 after purchasing an additional 1,180 shares during the period. Chapin Davis Inc. grew its position in Air Products and Chemicals by 16.1% in the 2nd quarter. Chapin Davis Inc. now owns 11,157 shares of the basic materials company’s stock valued at $3,147,000 after purchasing an additional 1,551 shares during the period. Revisor Wealth Management LLC grew its position in Air Products and Chemicals by 110.4% in the 2nd quarter. Revisor Wealth Management LLC now owns 3,265 shares of the basic materials company’s stock valued at $966,000 after purchasing an additional 1,713 shares during the period. Norden Group LLC grew its position in Air Products and Chemicals by 167.3% in the 2nd quarter. Norden Group LLC now owns 5,800 shares of the basic materials company’s stock valued at $1,636,000 after purchasing an additional 3,630 shares during the period. Finally, Aberdeen Group plc boosted its holdings in Air Products and Chemicals by 4.1% during the 2nd quarter. Aberdeen Group plc now owns 113,027 shares of the basic materials company’s stock worth $31,903,000 after acquiring an additional 4,492 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

Insider Buying and Selling at Air Products and Chemicals

In related news, VP Victoria Brifo sold 1,359 shares of the business’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $292.38, for a total value of $397,344.42. Following the transaction, the vice president directly owned 8,686 shares of the company’s stock, valued at approximately $2,539,612.68. The trade was a 13.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

APD has been the subject of several recent analyst reports. Argus upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a research note on Friday, September 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Air Products and Chemicals in a research note on Wednesday, October 8th. UBS Group cut their target price on Air Products and Chemicals from $354.00 to $350.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. The Goldman Sachs Group set a $335.00 target price on Air Products and Chemicals in a research note on Wednesday, October 1st. Finally, Wells Fargo & Company boosted their target price on Air Products and Chemicals from $320.00 to $345.00 and gave the stock an “overweight” rating in a research note on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $330.00.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $244.46 on Friday. The company’s 50-day moving average is $274.81 and its 200 day moving average is $278.79. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.29. The company has a market capitalization of $54.41 billion, a P/E ratio of 35.17, a price-to-earnings-growth ratio of 5.16 and a beta of 0.83. Air Products and Chemicals, Inc. has a fifty-two week low of $243.69 and a fifty-two week high of $341.14.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.10. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.95 billion. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.20 EPS. On average, equities research analysts forecast that Air Products and Chemicals, Inc. will post 12.69 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.