Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Baldwin Investment Management LLC

Baldwin Investment Management LLC lowered its holdings in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 24.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,155 shares of the basic materials company's stock after selling 1,000 shares during the quarter. Baldwin Investment Management LLC's holdings in Air Products and Chemicals were worth $915,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Generali Investments Management Co LLC purchased a new position in shares of Air Products and Chemicals during the fourth quarter worth approximately $26,000. Raleigh Capital Management Inc. increased its stake in Air Products and Chemicals by 69.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company's stock valued at $30,000 after purchasing an additional 43 shares during the period. Sierra Ocean LLC purchased a new stake in shares of Air Products and Chemicals in the fourth quarter valued at about $30,000. Financial Life Planners purchased a new position in shares of Air Products and Chemicals during the fourth quarter worth about $31,000. Finally, WR Wealth Planners LLC increased its position in Air Products and Chemicals by 40.3% in the 4th quarter. WR Wealth Planners LLC now owns 108 shares of the basic materials company's stock valued at $31,000 after acquiring an additional 31 shares during the period. Hedge funds and other institutional investors own 81.66% of the company's stock.

Insider Buying and Selling at Air Products and Chemicals

In other Air Products and Chemicals news, VP Walter L. Nelson sold 589 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $308.50, for a total transaction of $181,706.50. Following the completion of the transaction, the vice president now directly owns 719 shares of the company's stock, valued at $221,811.50. This trade represents a 45.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Victoria Brifo sold 2,362 shares of Air Products and Chemicals stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $315.82, for a total value of $745,966.84. Following the completion of the transaction, the vice president now owns 10,045 shares of the company's stock, valued at $3,172,411.90. This trade represents a 19.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,000 shares of company stock valued at $3,423,034 in the last ninety days. Insiders own 0.41% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on APD. StockNews.com cut Air Products and Chemicals from a "hold" rating to a "sell" rating in a research note on Friday, February 7th. Sanford C. Bernstein raised Air Products and Chemicals from a "market perform" rating to an "outperform" rating and set a $375.00 target price for the company in a research note on Friday, January 31st. Citigroup cut their price objective on Air Products and Chemicals from $373.00 to $345.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. UBS Group reduced their target price on Air Products and Chemicals from $335.00 to $324.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, BNP Paribas raised Air Products and Chemicals to a "strong-buy" rating in a report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $330.38.

Air Products and Chemicals Stock Up 0.7 %

Shares of NYSE:APD traded up $1.86 during midday trading on Friday, hitting $271.50. 553,881 shares of the company's stock traded hands, compared to its average volume of 1,479,695. The firm's fifty day moving average price is $280.02 and its two-hundred day moving average price is $302.08. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.96 and a current ratio of 1.11. Air Products and Chemicals, Inc. has a twelve month low of $243.69 and a twelve month high of $341.14. The company has a market cap of $60.42 billion, a PE ratio of 15.77, a P/E/G ratio of 3.07 and a beta of 0.88.

Air Products and Chemicals (NYSE:APD - Get Free Report) last issued its earnings results 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). The company had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.94 billion. Air Products and Chemicals had a return on equity of 15.78% and a net margin of 31.88%. Air Products and Chemicals's quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the company earned $2.85 EPS. On average, equities research analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

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.