Herold Advisors Inc. Lowers Position in Air Products and Chemicals, Inc. (NYSE:APD)

Herold Advisors Inc. lessened its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 4.0% in the fourth quarter, according to the company in its most recent 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 period. Herold Advisors Inc.’s holdings in Air Products and Chemicals were worth $1,327,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in APD. Turtle Creek Wealth Advisors LLC bought a new position in Air Products and Chemicals during the 4th quarter valued at approximately $27,000. Roble Belko & Company Inc bought a new position in Air Products and Chemicals during the 4th quarter valued at approximately $27,000. Rakuten Securities Inc. bought a new stake in shares of Air Products and Chemicals in the 4th quarter worth $33,000. Legacy Bridge LLC bought a new stake in shares of Air Products and Chemicals in the 4th quarter worth $35,000. Finally, Cetera Trust Company N.A bought a new stake in shares of Air Products and Chemicals in the 4th quarter worth $35,000. Institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on APD. Barclays reduced their target price on Air Products and Chemicals from $260.00 to $245.00 and set an “equal weight” rating for the company in a report on Tuesday, February 6th. BMO Capital Markets reduced their target price on Air Products and Chemicals from $307.00 to $250.00 and set an “outperform” rating for the company in a report on Tuesday, February 6th. Wolfe Research began coverage on Air Products and Chemicals in a report on Friday, March 1st. They issued an “outperform” rating and a $279.00 target price for the company. Bank of America raised Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $264.00 target price for the company in a report on Thursday, February 15th. Finally, TheStreet lowered Air Products and Chemicals from a “b” rating to a “c+” rating in a report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $276.36.

Air Products and Chemicals Stock Performance

NYSE:APD opened at $236.06 on Friday. The stock has a 50-day simple moving average of $237.14 and a two-hundred day simple moving average of $255.82. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $307.71. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.58 and a current ratio of 1.81. The firm 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 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). The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.20 billion. Air Products and Chemicals had a return on equity of 16.84% and a net margin of 18.82%. The business’s revenue was down 5.6% on a year-over-year basis. During the same period last year, the company earned $2.64 EPS. Analysts forecast 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.