W.H. Cornerstone Investments Inc. Sells 598 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

W.H. Cornerstone Investments Inc. cut its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 10.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,273 shares of the basic materials company’s stock after selling 598 shares during the period. Air Products and Chemicals makes up approximately 1.1% of W.H. Cornerstone Investments Inc.’s holdings, making the stock its 19th biggest position. W.H. Cornerstone Investments Inc.’s holdings in Air Products and Chemicals were worth $1,444,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC acquired a new stake in Air Products and Chemicals during the fourth quarter worth $27,000. Roble Belko & Company Inc acquired a new stake in shares of Air Products and Chemicals during the 4th quarter valued at about $27,000. Stuart Chaussee & Associates Inc. increased its stake in Air Products and Chemicals by 257.6% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 118 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 85 shares during the period. Rakuten Securities Inc. bought a new position in Air Products and Chemicals during the fourth quarter worth about $33,000. Finally, Legacy Bridge LLC acquired a new stake in Air Products and Chemicals during the fourth quarter valued at approximately $35,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Trading Up 0.9 %

NYSE APD traded up $2.18 during trading hours on Friday, hitting $245.87. The company’s stock had a trading volume of 1,559,471 shares, compared to its average volume of 1,590,100. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $307.71. The company has a quick ratio of 1.58, a current ratio of 1.49 and a debt-to-equity ratio of 0.77. The firm 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. The stock has a fifty day moving average of $238.22 and a 200 day moving average of $253.72.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.15. The firm had revenue of $2.93 billion for 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 company’s revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.74 earnings per share. Equities research analysts forecast that Air Products and Chemicals, Inc. will post 12.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Citigroup dropped their target price on Air Products and Chemicals from $285.00 to $280.00 and set a “buy” rating for the company in a report on Wednesday. BMO Capital Markets boosted their price target on shares of Air Products and Chemicals from $250.00 to $263.00 and gave the company an “outperform” rating in a research report on Wednesday. Argus lowered shares of Air Products and Chemicals from a “buy” rating to a “hold” rating in a report on Monday, February 26th. UBS Group downgraded Air Products and Chemicals from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $328.00 to $241.00 in a report on Thursday, February 8th. Finally, Wells Fargo & Company cut Air Products and Chemicals from an “overweight” rating to an “equal weight” rating in a report on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock 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.