Air Products and Chemicals, Inc. (NYSE:APD) Shares Bought by Pathstone Holdings LLC

Pathstone Holdings LLC lifted its stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,161 shares of the basic materials company's stock after acquiring an additional 1,032 shares during the period. Pathstone Holdings LLC's holdings in Air Products and Chemicals were worth $10,770,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Mufg Securities Americas Inc. purchased a new position in shares of Air Products and Chemicals in the 4th quarter worth approximately $952,000. Man Group plc increased its position in shares of Air Products and Chemicals by 3.4% during the fourth quarter. Man Group plc now owns 2,174 shares of the basic materials company's stock worth $631,000 after purchasing an additional 71 shares in the last quarter. Nomura Holdings Inc. lifted its holdings in shares of Air Products and Chemicals by 51.7% during the 4th quarter. Nomura Holdings Inc. now owns 758,777 shares of the basic materials company's stock valued at $220,076,000 after purchasing an additional 258,437 shares during the last quarter. NorthRock Partners LLC grew its stake in shares of Air Products and Chemicals by 110.5% during the fourth quarter. NorthRock Partners LLC now owns 2,993 shares of the basic materials company's stock worth $868,000 after acquiring an additional 1,571 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its position in shares of Air Products and Chemicals by 38.6% in the 4th quarter. Nuveen Asset Management LLC now owns 718,108 shares of the basic materials company's stock valued at $208,280,000 after acquiring an additional 200,129 shares during the period. Institutional investors own 81.66% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on APD. UBS Group reduced their price target on shares of Air Products and Chemicals from $335.00 to $324.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Bank of America downgraded shares of Air Products and Chemicals from a "neutral" rating to an "underperform" rating and decreased their target price for the company from $330.00 to $282.00 in a research report on Tuesday, April 15th. Barclays reduced their price objective on Air Products and Chemicals from $355.00 to $325.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Wells Fargo & Company lowered their target price on Air Products and Chemicals from $365.00 to $320.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $320.00 price target (down from $345.00) on shares of Air Products and Chemicals in a research report on Friday, February 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $330.38.

Air Products and Chemicals Trading Down 0.6%

Shares of Air Products and Chemicals stock traded down $1.54 during mid-day trading on Tuesday, hitting $275.79. The stock had a trading volume of 1,049,890 shares, compared to its average volume of 1,447,378. The firm has a 50-day moving average of $275.64 and a two-hundred day moving average of $299.73. The firm has a market cap of $61.38 billion, a P/E ratio of 16.02, a price-to-earnings-growth ratio of 3.07 and a beta of 0.88. The company has a quick ratio of 0.96, a current ratio of 1.11 and a debt-to-equity ratio of 0.71. Air Products and Chemicals, Inc. has a 12-month low of $243.69 and a 12-month high of $341.14.

Air Products and Chemicals (NYSE:APD - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The basic materials company reported $2.69 earnings per share for the quarter, missing the consensus estimate of $2.83 by ($0.14). Air Products and Chemicals had a return on equity of 15.78% and a net margin of 31.88%. The business had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.94 billion. During the same quarter in the previous year, the company posted $2.85 earnings per share. The company's revenue was down .5% on a year-over-year basis. Sell-side analysts forecast that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Insider Buying and Selling

In other Air Products and Chemicals news, insider Kurt Lefevere sold 1,500 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $316.17, for a total value of $474,255.00. Following the sale, the insider now owns 1,462 shares of the company's stock, valued at $462,240.54. The trade was a 50.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Walter L. Nelson sold 589 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $308.50, for a total value of $181,706.50. Following the transaction, the vice president now owns 719 shares of the company's stock, valued at approximately $221,811.50. This represents a 45.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company's stock.

Air Products and Chemicals Company 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.