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

Sapient Capital LLC lowered its position in Air Products and Chemicals, Inc. (NYSE:APD) by 3.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,303 shares of the basic materials company’s stock after selling 132 shares during the quarter. Sapient Capital LLC’s holdings in Air Products and Chemicals were worth $806,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Air Products and Chemicals in the 4th quarter valued at about $27,000. Roble Belko & Company Inc acquired a new stake in shares of Air Products and Chemicals in the 4th quarter valued at about $27,000. Sachetta LLC acquired a new stake in shares of Air Products and Chemicals in the 4th quarter valued at about $27,000. Security National Bank acquired a new stake in shares of Air Products and Chemicals in the 4th quarter valued at about $27,000. Finally, Thompson Investment Management Inc. acquired a new stake in shares of Air Products and Chemicals in the 1st quarter valued at about $27,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

APD has been the topic of a number of recent analyst reports. Argus lowered shares of Air Products and Chemicals from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Morgan Stanley dropped their price objective on shares of Air Products and Chemicals from $285.00 to $240.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 7th. Citigroup increased their price objective on shares of Air Products and Chemicals from $260.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Seaport Res Ptn lowered shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. Finally, Bank of America upgraded shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $264.00 price objective on the stock in a research note on Thursday, February 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $276.36.

Air Products and Chemicals Price Performance

Shares of Air Products and Chemicals stock traded down $1.78 on Tuesday, hitting $236.34. The company had a trading volume of 3,555,343 shares, compared to its average volume of 1,738,771. The business has a 50-day simple moving average of $237.53 and a 200-day simple moving average of $254.67. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.81 and a quick ratio of 1.58. The company has a market cap of $52.54 billion, a PE ratio of 22.55, a PEG ratio of 2.60 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 Tuesday, April 30th. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.73 by $0.12. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $3.05 billion. Air Products and Chemicals had a net margin of 18.82% and a return on equity of 16.84%. The business’s revenue was down 8.4% on a year-over-year basis. During the same period last year, the firm posted $2.74 earnings per share. Research analysts expect that Air Products and Chemicals, Inc. will post 12.38 EPS for the current fiscal 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.