South Dakota Investment Council Has $950,000 Position in Air Products and Chemicals, Inc. (NYSE:APD)

South Dakota Investment Council lowered its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 12.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,469 shares of the basic materials company’s stock after selling 500 shares during the quarter. South Dakota Investment Council’s holdings in Air Products and Chemicals were worth $950,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of APD. Avior Wealth Management LLC boosted its holdings in shares of Air Products and Chemicals by 25.5% in the 3rd quarter. Avior Wealth Management LLC now owns 207 shares of the basic materials company’s stock worth $59,000 after purchasing an additional 42 shares in the last quarter. Meridian Wealth Management LLC grew its holdings in shares of Air Products and Chemicals by 97.5% during the 3rd quarter. Meridian Wealth Management LLC now owns 2,230 shares of the basic materials company’s stock valued at $632,000 after purchasing an additional 1,101 shares during the last quarter. Private Trust Co. NA raised its position in Air Products and Chemicals by 15.1% in the 3rd quarter. Private Trust Co. NA now owns 3,326 shares of the basic materials company’s stock worth $943,000 after purchasing an additional 436 shares during the period. Caprock Group LLC grew its stake in shares of Air Products and Chemicals by 1.5% during the third quarter. Caprock Group LLC now owns 2,681 shares of the basic materials company’s stock valued at $765,000 after buying an additional 39 shares during the last quarter. Finally, Czech National Bank increased its holdings in shares of Air Products and Chemicals by 47.7% in the third quarter. Czech National Bank now owns 38,827 shares of the basic materials company’s stock worth $11,004,000 after buying an additional 12,533 shares during the period. Institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

APD has been the subject of several recent research reports. UBS Group downgraded Air Products and Chemicals from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $328.00 to $241.00 in a research report on Thursday, February 8th. TD Cowen lowered their price target on Air Products and Chemicals from $345.00 to $305.00 and set an “outperform” rating for the company in a research report on Friday, February 16th. Barclays cut their price objective on Air Products and Chemicals from $260.00 to $245.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 6th. Seaport Res Ptn downgraded Air Products and Chemicals from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. Finally, Citigroup lifted their price target on shares of Air Products and Chemicals from $260.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $276.36.

Air Products and Chemicals Stock Up 0.2 %

Shares of NYSE:APD opened at $235.05 on Friday. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $307.71. The company has a current ratio of 1.81, a quick ratio of 1.58 and a debt-to-equity ratio of 0.74. The stock has a fifty day simple moving average of $236.96 and a two-hundred day simple moving average of $256.16. The stock has a market capitalization of $52.25 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 2.58 and a beta of 0.81.

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