First National Trust Co Decreases Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

First National Trust Co trimmed its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 2.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,878 shares of the basic materials company’s stock after selling 122 shares during the period. First National Trust Co’s holdings in Air Products and Chemicals were worth $1,609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of APD. FinTrust Capital Advisors LLC raised its holdings in Air Products and Chemicals by 40.4% during 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 period. Forsta AP Fonden boosted its stake in shares of Air Products and Chemicals by 6.8% during the 3rd quarter. Forsta AP Fonden now owns 34,600 shares of the basic materials company’s stock worth $9,806,000 after purchasing an additional 2,200 shares during the period. Concord Wealth Partners grew its holdings in Air Products and Chemicals by 58.5% during the 3rd quarter. Concord Wealth Partners now owns 3,029 shares of the basic materials company’s stock valued at $858,000 after purchasing an additional 1,118 shares during the last quarter. Everhart Financial Group Inc. raised its position in Air Products and Chemicals by 4.6% in the 3rd quarter. Everhart Financial Group Inc. now owns 1,259 shares of the basic materials company’s stock worth $357,000 after purchasing an additional 55 shares during the period. Finally, Hixon Zuercher LLC lifted its stake in Air Products and Chemicals by 2.5% in the third quarter. Hixon Zuercher LLC now owns 5,839 shares of the basic materials company’s stock worth $1,655,000 after purchasing an additional 140 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Up 0.9 %

Shares of APD traded up $2.18 during midday trading on Friday, reaching $245.87. 1,559,471 shares of the stock were exchanged, compared to its average volume of 1,590,100. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $307.71. The company has a current ratio of 1.49, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. The company’s 50 day moving average is $238.22 and its two-hundred day moving average is $254.19. The company has a market capitalization of $54.66 billion, a P/E ratio of 22.19, a PEG ratio of 2.66 and a beta of 0.80.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.15. The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $3.05 billion. Air Products and Chemicals had a return on equity of 16.56% and a net margin of 20.32%. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.74 EPS. On average, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 12.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on APD shares. StockNews.com cut Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Thursday. TD Cowen lifted their target price on Air Products and Chemicals from $305.00 to $320.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley lowered their target price on shares of Air Products and Chemicals from $285.00 to $240.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 7th. Barclays reduced their price target on shares of Air Products and Chemicals from $260.00 to $245.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 6th. Finally, BMO Capital Markets upped their target price on shares of Air Products and Chemicals from $250.00 to $263.00 and gave the stock an “outperform” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Air Products and Chemicals presently has a consensus rating of “Hold” and a consensus target price 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.