Amica Mutual Insurance Co. Boosts Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Amica Mutual Insurance Co. boosted its position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 62.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,931 shares of the basic materials company's stock after purchasing an additional 5,725 shares during the period. Amica Mutual Insurance Co.'s holdings in Air Products and Chemicals were worth $4,088,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in APD. Dover Advisors LLC boosted its stake 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 buying an additional 35 shares in the last quarter. Smithfield Trust Co grew its stake in shares of Air Products and Chemicals by 2.4% during the 3rd quarter. Smithfield Trust Co now owns 1,566 shares of the basic materials company's stock worth $444,000 after purchasing an additional 36 shares during the period. Patton Albertson Miller Group LLC grew its stake in shares of Air Products and Chemicals by 3.9% during the 3rd quarter. Patton Albertson Miller Group LLC now owns 1,025 shares of the basic materials company's stock worth $290,000 after purchasing an additional 38 shares during the period. FinTrust Capital Advisors LLC increased its holdings in shares of Air Products and Chemicals by 40.4% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 132 shares of the basic materials company's stock valued at $37,000 after purchasing an additional 38 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its stake 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 purchasing an additional 38 shares during the period. Hedge funds and other institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Trading Up 0.9 %

Shares of NYSE APD traded up $2.04 during midday trading on Monday, reaching $238.12. 1,569,017 shares of the stock were exchanged, compared to its average volume of 1,716,612. The company has a current ratio of 1.81, a quick ratio of 1.58 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $52.93 billion, a P/E ratio of 22.72, a P/E/G ratio of 2.60 and a beta of 0.81. The stock has a 50 day moving average price of $237.37 and a 200-day moving average price of $255.01. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $307.71.

Air Products and Chemicals (NYSE:APD - Get Free Report) last released its earnings results on Monday, February 5th. The basic materials company reported $2.82 EPS for the quarter, missing the consensus estimate of $3.00 by ($0.18). Air Products and Chemicals had a return on equity of 16.84% and a net margin of 18.82%. The firm had revenue of $3 billion during the quarter, compared to analysts' expectations of $3.20 billion. During the same period in the previous year, the firm posted $2.64 earnings per share. The firm's revenue was down 5.6% on a year-over-year basis. Equities research analysts expect that Air Products and Chemicals, Inc. will post 12.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on APD. Barclays dropped their target price on shares of Air Products and Chemicals from $260.00 to $245.00 and set an "equal weight" rating for the company in a report on Tuesday, February 6th. Morgan Stanley reduced their price objective on Air Products and Chemicals from $285.00 to $240.00 and set an "equal weight" rating for the company in a report on Wednesday, February 7th. Wolfe Research assumed coverage on Air Products and Chemicals in a report on Friday, March 1st. They issued an "outperform" rating and a $279.00 target price on the stock. BMO Capital Markets cut their price target on Air Products and Chemicals from $307.00 to $250.00 and set an "outperform" rating for the company in a research note on Tuesday, February 6th. Finally, Mizuho decreased their price objective on shares of Air Products and Chemicals from $304.00 to $295.00 and set a "buy" rating on the stock in a research report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $276.36.

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.

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