Herold Advisors Inc. Sells 200 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Herold Advisors Inc. decreased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,847 shares of the basic materials company’s stock after selling 200 shares during the quarter. Herold Advisors Inc.’s holdings in Air Products and Chemicals were worth $1,327,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC bought a new stake in Air Products and Chemicals during the fourth quarter worth $27,000. Roble Belko & Company Inc bought a new stake in Air Products and Chemicals during the fourth quarter worth $27,000. Rakuten Securities Inc. bought a new stake in Air Products and Chemicals during the fourth quarter worth $33,000. Legacy Bridge LLC bought a new stake in Air Products and Chemicals during the fourth quarter worth $35,000. Finally, Cetera Trust Company N.A bought a new stake in Air Products and Chemicals during the fourth quarter worth $35,000. Institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on APD shares. Mizuho decreased their price target on Air Products and Chemicals from $304.00 to $295.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. UBS Group cut Air Products and Chemicals from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $328.00 to $241.00 in a research report on Thursday, February 8th. JPMorgan Chase & Co. cut their price objective on Air Products and Chemicals from $295.00 to $270.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 6th. Wolfe Research started coverage on Air Products and Chemicals in a research report on Friday, March 1st. They issued an “outperform” rating and a $279.00 price objective on the stock. Finally, StockNews.com raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $276.36.

Air Products and Chemicals Stock Up 0.4 %

Shares of NYSE APD opened at $236.06 on Friday. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $307.71. 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 business’s fifty day moving average price is $237.14 and its 200-day moving average price is $255.82. The stock has a market capitalization of $52.48 billion, a PE ratio of 22.52, a P/E/G ratio of 2.59 and a beta of 0.81.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Monday, February 5th. The basic materials company reported $2.82 EPS for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.18). The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Air Products and Chemicals had a net margin of 18.82% and a return on equity of 16.84%. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the company earned $2.64 EPS. On average, equities research analysts anticipate that Air Products and Chemicals, Inc. will post 12.38 EPS for the current 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.