Siemens Fonds Invest GmbH Sells 3,931 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Siemens Fonds Invest GmbH decreased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 40.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,789 shares of the basic materials company's stock after selling 3,931 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Air Products and Chemicals were worth $1,679,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Generali Investments Management Co LLC bought a new position in Air Products and Chemicals during the 4th quarter worth approximately $26,000. Sierra Ocean LLC acquired a new stake in Air Products and Chemicals during the 4th quarter worth approximately $30,000. Raleigh Capital Management Inc. raised its holdings in Air Products and Chemicals by 69.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company's stock worth $30,000 after buying an additional 43 shares during the period. Financial Life Planners acquired a new stake in Air Products and Chemicals during the 4th quarter worth approximately $31,000. Finally, WR Wealth Planners LLC raised its holdings in Air Products and Chemicals by 40.3% during the 4th quarter. WR Wealth Planners LLC now owns 108 shares of the basic materials company's stock worth $31,000 after buying an additional 31 shares during the period. Institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Price Performance

Shares of APD opened at $278.78 on Friday. The company has a market cap of $62.04 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 3.07 and a beta of 0.88. Air Products and Chemicals, Inc. has a 1-year low of $243.69 and a 1-year high of $341.14. The company's fifty day simple moving average is $275.98 and its 200 day simple moving average is $300.11. The company has a current ratio of 1.11, a quick ratio of 0.96 and a debt-to-equity ratio of 0.71.

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 analysts' consensus estimates 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 firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the previous year, the firm posted $2.85 earnings per share. Air Products and Chemicals's quarterly revenue was down .5% on a year-over-year basis. On average, research analysts forecast that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Air Products and Chemicals news, insider Kurt Lefevere sold 1,500 shares of Air Products and Chemicals stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $316.17, for a total transaction of $474,255.00. Following the completion of the transaction, the insider now directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Victoria Brifo sold 2,362 shares of Air Products and Chemicals stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $315.82, for a total transaction of $745,966.84. Following the transaction, the vice president now directly owns 10,045 shares of the company's stock, valued at approximately $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 5,751 shares of company stock valued at $1,812,572 over the last ninety days. 0.41% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. StockNews.com downgraded shares of Air Products and Chemicals from a "hold" rating to a "sell" rating in a report on Friday, February 7th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $320.00 price objective (down from $345.00) on shares of Air Products and Chemicals in a report on Friday, February 7th. 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 report on Friday, May 2nd. BNP Paribas upgraded shares of Air Products and Chemicals to a "strong-buy" rating in a report on Tuesday, February 11th. Finally, UBS Group lowered their price objective on shares of Air Products and Chemicals from $335.00 to $324.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. 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 stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $330.38.

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.

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