Air Products and Chemicals, Inc. (NYSE:APD) Stake Lessened by Carson Advisory Inc.

Carson Advisory Inc. reduced its position in Air Products and Chemicals, Inc. (NYSE:APD) by 18.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 910 shares of the basic materials company’s stock after selling 203 shares during the quarter. Carson Advisory Inc.’s holdings in Air Products and Chemicals were worth $249,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Dover Advisors LLC grew its stake in shares of Air Products and Chemicals by 1.9% during the 3rd quarter. Dover Advisors LLC now owns 1,894 shares of the basic materials company’s stock worth $540,000 after acquiring an additional 35 shares in the last quarter. Smithfield Trust Co grew its position 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 purchasing an additional 36 shares in the last quarter. FinTrust Capital Advisors LLC increased its stake in Air Products and Chemicals by 40.4% in the 3rd 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 last quarter. Patton Albertson Miller Group LLC lifted its position in Air Products and Chemicals by 3.9% during the 3rd quarter. Patton Albertson Miller Group LLC now owns 1,025 shares of the basic materials company’s stock worth $290,000 after buying an additional 38 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its stake in shares of Air Products and Chemicals by 1.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,636 shares of the basic materials company’s stock worth $996,000 after buying an additional 38 shares during the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Performance

NYSE:APD traded up $6.20 during mid-day trading on Thursday, reaching $243.69. 1,810,784 shares of the company’s stock were exchanged, compared to its average volume of 1,740,868. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.49. The firm has a market capitalization of $54.17 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 2.60 and a beta of 0.80. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $307.71. The business’s fifty day simple moving average is $237.72 and its two-hundred day simple moving average is $254.55.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.15. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.05 billion. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. During the same period in the previous year, the business earned $2.74 earnings per share. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. Analysts anticipate that Air Products and Chemicals, Inc. will post 12.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

APD has been the topic of a number of recent analyst reports. Seaport Res Ptn downgraded shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. Mizuho dropped their target price on shares of Air Products and Chemicals from $295.00 to $286.00 and set a “buy” rating on the stock in a report on Wednesday. Citigroup lowered their price target on Air Products and Chemicals from $285.00 to $280.00 and set a “buy” rating on the stock in a research report on Wednesday. Bank of America raised their price objective on Air Products and Chemicals from $272.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. decreased their target price on Air Products and Chemicals from $270.00 to $260.00 and set an “overweight” rating on the stock in a report on Wednesday. One investment 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’s stock. Based on data from MarketBeat.com, Air Products and Chemicals currently has an average rating of “Hold” and an average price target of $277.43.

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.