Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by First American Bank

First American Bank cut its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 4.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,698 shares of the basic materials company’s stock after selling 1,128 shares during the period. First American Bank’s holdings in Air Products and Chemicals were worth $7,651,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in APD. Wellington Management Group LLP acquired a new position in Air Products and Chemicals in the fourth quarter valued at approximately $1,525,000. Vicus Capital purchased a new stake in Air Products and Chemicals in the first quarter valued at approximately $321,000. Founders Financial Securities LLC raised its position in Air Products and Chemicals by 140.6% in the first quarter. Founders Financial Securities LLC now owns 2,505 shares of the basic materials company’s stock valued at $607,000 after purchasing an additional 1,464 shares during the period. Aviance Capital Partners LLC purchased a new stake in Air Products and Chemicals in the first quarter valued at approximately $727,000. Finally, Miracle Mile Advisors LLC raised its position in Air Products and Chemicals by 5.6% in the first quarter. Miracle Mile Advisors LLC now owns 1,294 shares of the basic materials company’s stock valued at $313,000 after purchasing an additional 69 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Performance

Shares of APD stock opened at $318.02 on Monday. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77. The firm has a fifty day moving average price of $294.60 and a 200 day moving average price of $271.98. The company has a market cap of $70.70 billion, a P/E ratio of 28.70, a PEG ratio of 3.87 and a beta of 0.82. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $332.42.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Thursday, August 1st. The basic materials company reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.16. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.04 billion. Sell-side analysts predict that Air Products and Chemicals, Inc. will post 12.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on APD. BMO Capital Markets boosted their target price on Air Products and Chemicals from $300.00 to $323.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Mizuho boosted their target price on Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a research report on Wednesday, October 9th. StockNews.com raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. UBS Group boosted their target price on Air Products and Chemicals from $307.00 to $345.00 and gave the company a “neutral” rating in a research report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. upped their price objective on Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Air Products and Chemicals currently has an average rating of “Moderate Buy” and a consensus price target of $326.12.

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.