United Bank VA Has $3.34 Million Holdings in Air Products and Chemicals, Inc. (APD)

United Bank VA cut its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 2.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,091 shares of the basic materials company’s stock after selling 519 shares during the quarter. Air Products and Chemicals makes up 3.2% of United Bank VA’s portfolio, making the stock its 16th largest position. United Bank VA’s holdings in Air Products and Chemicals were worth $3,341,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in APD. Patten Group Inc. increased its stake in shares of Air Products and Chemicals by 3.7% during the 1st quarter. Patten Group Inc. now owns 778 shares of the basic materials company’s stock worth $105,000 after purchasing an additional 28 shares during the last quarter. Guardian Life Insurance Co. of America increased its stake in shares of Air Products and Chemicals by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 838 shares of the basic materials company’s stock worth $113,000 after purchasing an additional 6 shares during the last quarter. IMS Capital Management acquired a new position in shares of Air Products and Chemicals during the 2nd quarter worth about $129,000. Armbruster Capital Management Inc. increased its stake in shares of Air Products and Chemicals by 13.5% during the 2nd quarter. Armbruster Capital Management Inc. now owns 908 shares of the basic materials company’s stock worth $130,000 after purchasing an additional 108 shares during the last quarter. Finally, Hanson & Doremus Investment Management increased its stake in shares of Air Products and Chemicals by 8.8% during the 2nd quarter. Hanson & Doremus Investment Management now owns 931 shares of the basic materials company’s stock worth $133,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 87.30% of the company’s stock.

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Air Products and Chemicals, Inc. (APD) traded up 0.05% during mid-day trading on Wednesday, reaching $159.51. 182,398 shares of the company’s stock were exchanged. The stock has a market cap of $34.77 billion, a price-to-earnings ratio of 11.98 and a beta of 1.26. The company has a 50-day moving average of $153.06 and a 200-day moving average of $146.53. Air Products and Chemicals, Inc. has a 52-week low of $131.80 and a 52-week high of $162.86.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Thursday, October 26th. The basic materials company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.08. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.12 billion. Air Products and Chemicals had a net margin of 36.65% and a return on equity of 15.25%. The company’s revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the company earned $2.01 earnings per share. Equities research analysts anticipate that Air Products and Chemicals, Inc. will post $7.01 earnings per share for the current year.

Several research analysts have recently weighed in on the stock. KeyCorp restated a “buy” rating and set a $161.00 price objective on shares of Air Products and Chemicals in a research note on Friday, September 8th. Vertical Research restated a “hold” rating and set a $148.00 price objective (up from $146.00) on shares of Air Products and Chemicals in a research note on Tuesday, September 12th. Deutsche Bank AG boosted their price objective on shares of Air Products and Chemicals from $160.00 to $168.00 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Susquehanna Bancshares Inc upgraded shares of Air Products and Chemicals from a “neutral” rating to a “positive” rating and boosted their price objective for the stock from $165.00 to $175.00 in a research note on Thursday, September 14th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $155.00 price target on shares of Air Products and Chemicals in a research note on Friday, July 14th. Two analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. Air Products and Chemicals currently has an average rating of “Hold” and an average price target of $162.33.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc, is an industrial gases company. The Company’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. The Company is also a supplier of liquefied natural gas process technology and equipment.

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

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