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

Monte Financial Group LLC lowered its stake in Air Products & Chemicals, Inc. (NYSE:APD) by 1.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,210 shares of the basic materials company’s stock after selling 136 shares during the period. Monte Financial Group LLC’s holdings in Air Products & Chemicals were worth $1,821,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of APD. Nuveen Asset Management LLC grew its stake in shares of Air Products & Chemicals by 19,995.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,127,733 shares of the basic materials company’s stock worth $255,285,000 after buying an additional 1,122,121 shares during the last quarter. BlackRock Inc. grew its stake in shares of Air Products & Chemicals by 2.8% in the 2nd quarter. BlackRock Inc. now owns 16,830,640 shares of the basic materials company’s stock worth $3,809,950,000 after buying an additional 454,016 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Air Products & Chemicals by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 19,674,476 shares of the basic materials company’s stock worth $4,453,711,000 after buying an additional 411,472 shares during the last quarter. Bahl & Gaynor Inc. grew its stake in shares of Air Products & Chemicals by 18.6% in the 2nd quarter. Bahl & Gaynor Inc. now owns 1,557,160 shares of the basic materials company’s stock worth $352,494,000 after buying an additional 244,100 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Air Products & Chemicals by 71.7% in the 2nd quarter. First Trust Advisors LP now owns 527,192 shares of the basic materials company’s stock worth $119,340,000 after buying an additional 220,088 shares during the last quarter. Institutional investors own 85.09% of the company’s stock.

Several research firms recently weighed in on APD. Monness Crespi & Hardt restated a “buy” rating and issued a $254.00 price target (up previously from $214.00) on shares of Air Products & Chemicals in a research note on Friday, July 26th. Deutsche Bank upped their price target on Air Products & Chemicals from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday. They noted that the move was a valuation call. Barclays upped their price objective on Air Products & Chemicals from $220.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Wells Fargo & Co upped their price objective on Air Products & Chemicals from $240.00 to $250.00 and gave the company a “market perform” rating in a research report on Friday. Finally, Susquehanna Bancshares reaffirmed a “neutral” rating on shares of Air Products & Chemicals in a research report on Monday, August 19th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $240.87.

APD stock traded up $1.98 during midday trading on Tuesday, hitting $237.01. The company’s stock 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 P/E/G 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 current ratio of 2.54, a quick ratio of 2.32 and a debt-to-equity ratio of 0.28. The firm’s 50-day moving average is $216.74 and its 200-day moving average is $218.60.

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

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

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