Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Westover Capital Advisors LLC

Westover Capital Advisors LLC reduced its position in Air Products and Chemicals, Inc. (NYSE:APD) by 35.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,825 shares of the basic materials company’s stock after selling 2,095 shares during the quarter. Westover Capital Advisors LLC’s holdings in Air Products and Chemicals were worth $1,047,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Dover Advisors LLC boosted its holdings in shares of Air Products and Chemicals by 1.9% in the third quarter. Dover Advisors LLC now owns 1,894 shares of the basic materials company’s stock valued at $540,000 after acquiring an additional 35 shares during the period. Smithfield Trust Co boosted its holdings in shares of Air Products and Chemicals by 2.4% in the third quarter. Smithfield Trust Co now owns 1,566 shares of the basic materials company’s stock valued at $444,000 after acquiring an additional 36 shares during the period. Patton Albertson Miller Group LLC boosted its holdings in shares of Air Products and Chemicals by 3.9% in the third quarter. Patton Albertson Miller Group LLC now owns 1,025 shares of the basic materials company’s stock valued at $290,000 after acquiring an additional 38 shares during the period. FinTrust Capital Advisors LLC boosted its holdings in shares of Air Products and Chemicals by 40.4% in the third quarter. FinTrust Capital Advisors LLC now owns 132 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 38 shares during the period. Finally, Creative Financial Designs Inc. ADV boosted its holdings in shares of Air Products and Chemicals by 1.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,636 shares of the basic materials company’s stock valued at $996,000 after acquiring an additional 38 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. StockNews.com raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, April 22nd. Wells Fargo & Company downgraded Air Products and Chemicals from an “overweight” rating to an “equal weight” rating in a report on Monday, February 5th. Bank of America increased their price target on Air Products and Chemicals from $272.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday. Argus downgraded Air Products and Chemicals from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Finally, UBS Group downgraded Air Products and Chemicals from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $328.00 to $241.00 in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $277.43.

Air Products and Chemicals Price Performance

Shares of APD stock traded up $5.48 during mid-day trading on Thursday, reaching $242.97. The stock had a trading volume of 1,266,871 shares, compared to its average volume of 1,733,793. 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 market cap of $54.01 billion, a P/E ratio of 21.44, a price-to-earnings-growth ratio of 2.60 and a beta of 0.80. The business has a 50-day simple moving average of $237.72 and a 200 day simple moving average of $254.55. The company has a current ratio of 1.49, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.15. Air Products and Chemicals had a return on equity of 16.56% and a net margin of 20.32%. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter last year, the business posted $2.74 earnings per share. The business’s revenue for the quarter was down 8.4% on a year-over-year basis. On average, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 12.38 earnings per share for the current year.

Air Products and Chemicals Profile

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.