Monte Financial Group LLC Cuts Holdings in Air Products & Chemicals, Inc. (NYSE:APD)

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Monte Financial Group LLC decreased its position in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 1.6% in the third quarter, HoldingsChannel reports. The firm owned 8,210 shares of the basic materials company’s stock after selling 136 shares during the quarter. Monte Financial Group LLC’s holdings in Air Products & Chemicals were worth $1,821,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of APD. Krane Funds Advisors LLC purchased a new position in shares of Air Products & Chemicals during the second quarter valued at about $26,000. Lenox Wealth Advisors LLC purchased a new position in shares of Air Products & Chemicals during the third quarter valued at about $27,000. Squar Milner Financial Services LLC grew its position in shares of Air Products & Chemicals by 87.1% during the second quarter. Squar Milner Financial Services LLC now owns 131 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 61 shares in the last quarter. Assetmark Inc. grew its position in shares of Air Products & Chemicals by 163.0% during the second quarter. Assetmark Inc. now owns 142 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 88 shares in the last quarter. Finally, Meridian Wealth Management LLC purchased a new position in shares of Air Products & Chemicals during the second quarter valued at about $43,000. Hedge funds and other institutional investors own 85.09% of the company’s stock.

APD traded up $1.98 on Tuesday, hitting $237.01. The company had a trading volume of 1,108,317 shares, compared to its average volume of 1,085,191. The company has a market cap of $51.53 billion, a PE ratio of 28.87, a PEG ratio of 2.04 and a beta of 0.84. Air Products & Chemicals, Inc. has a 12-month low of $149.64 and a 12-month high of $237.74. The company has a quick ratio of 2.32, a current ratio of 2.54 and a debt-to-equity ratio of 0.28. The business’s fifty day simple moving average is $216.74 and its 200 day simple moving average is $218.60.

Air Products & Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, November 7th. The basic materials company reported $2.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.29 by ($0.02). The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Air Products & Chemicals had a return on equity of 15.88% and a net margin of 19.73%. The company’s revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.00 EPS. On average, analysts anticipate that Air Products & Chemicals, Inc. will post 9.46 earnings per share for the current fiscal year.

A number of research analysts have recently weighed in on APD shares. Deutsche Bank raised their price objective on Air Products & Chemicals from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Friday. They noted that the move was a valuation call. Morgan Stanley lifted their price target on Air Products & Chemicals from $168.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Sanford C. Bernstein lowered Air Products & Chemicals from an “outperform” rating to a “market perform” rating and set a $225.00 price target for the company. in a research report on Thursday, July 18th. Credit Suisse Group lifted their price target on Air Products & Chemicals from $221.00 to $238.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. Finally, Barclays lifted their price target on Air Products & Chemicals from $220.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $240.87.

Air Products & Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

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Want to see what other hedge funds are holding APD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Air Products & Chemicals, Inc. (NYSE:APD).

Institutional Ownership by Quarter for Air Products & Chemicals (NYSE:APD)

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