1,713 Shares in Air Products and Chemicals, Inc. (NYSE:APD) Purchased by Texas Bank & Trust Co

Texas Bank & Trust Co bought a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,713 shares of the basic materials company's stock, valued at approximately $497,000.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Air Products and Chemicals by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 21,485,176 shares of the basic materials company's stock worth $6,231,560,000 after acquiring an additional 207,404 shares in the last quarter. Dodge & Cox increased its position in Air Products and Chemicals by 1.0% during the fourth quarter. Dodge & Cox now owns 6,663,154 shares of the basic materials company's stock worth $1,932,581,000 after acquiring an additional 64,960 shares during the period. Bank of America Corp DE increased its position in Air Products and Chemicals by 129.4% during the fourth quarter. Bank of America Corp DE now owns 5,429,147 shares of the basic materials company's stock worth $1,574,670,000 after acquiring an additional 3,062,157 shares during the period. Geode Capital Management LLC lifted its position in shares of Air Products and Chemicals by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 4,931,661 shares of the basic materials company's stock worth $1,430,354,000 after purchasing an additional 57,314 shares in the last quarter. Finally, Mantle Ridge LP acquired a new position in shares of Air Products and Chemicals during the fourth quarter worth approximately $1,191,344,000. Institutional investors and hedge funds own 81.66% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on APD. BNP Paribas raised shares of Air Products and Chemicals to a "strong-buy" rating in a research report on Tuesday, February 11th. Bank of America lowered shares of Air Products and Chemicals from a "neutral" rating to an "underperform" rating and lowered their price target for the company from $330.00 to $282.00 in a research note on Tuesday, April 15th. Barclays lowered their price objective on shares of Air Products and Chemicals from $355.00 to $325.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $320.00 price objective (down previously from $345.00) on shares of Air Products and Chemicals in a report on Friday, February 7th. Finally, StockNews.com downgraded shares of Air Products and Chemicals from a "hold" rating to a "sell" rating in a report on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Air Products and Chemicals has a consensus rating of "Moderate Buy" and an average price target of $330.38.

Air Products and Chemicals Stock Performance

NYSE:APD traded down $5.62 during trading hours on Wednesday, reaching $270.05. The company had a trading volume of 604,958 shares, compared to its average volume of 1,449,350. Air Products and Chemicals, Inc. has a 1-year low of $243.69 and a 1-year high of $341.14. The firm has a market cap of $60.10 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 3.07 and a beta of 0.88. The business's 50 day moving average price is $275.30 and its 200-day moving average price is $299.56. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.11 and a quick ratio of 0.96.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced 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 business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.94 billion. Air Products and Chemicals had a return on equity of 15.78% and a net margin of 31.88%. The company's quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.85 earnings per share. Research analysts forecast that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Insider Buying and Selling at Air Products and Chemicals

In other Air Products and Chemicals news, insider Kurt Lefevere sold 1,500 shares of the company's stock in a transaction 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 completion of the sale, the insider now directly owns 1,462 shares in the company, valued at $462,240.54. This represents a 50.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Walter L. Nelson sold 589 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was 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 owns 719 shares in the company, 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. 0.41% of the stock is owned by company insiders.

About Air Products and Chemicals

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.