Pittenger & Anderson Inc. Has $15.34 Million Position in Air Products and Chemicals, Inc. (NYSE:APD)

Pittenger & Anderson Inc. boosted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,019 shares of the basic materials company’s stock after purchasing an additional 354 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Air Products and Chemicals were worth $15,338,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Dover Advisors LLC grew its holdings in Air Products and Chemicals by 1.9% during the third quarter. Dover Advisors LLC now owns 1,894 shares of the basic materials company’s stock valued at $540,000 after purchasing an additional 35 shares during the period. Smithfield Trust Co lifted its stake in Air Products and Chemicals by 2.4% in the third quarter. Smithfield Trust Co now owns 1,566 shares of the basic materials company’s stock valued at $444,000 after buying an additional 36 shares in the last quarter. Patton Albertson Miller Group LLC lifted its stake in Air Products and Chemicals by 3.9% in the third quarter. Patton Albertson Miller Group LLC now owns 1,025 shares of the basic materials company’s stock valued at $290,000 after buying an additional 38 shares in the last quarter. FinTrust Capital Advisors LLC lifted its stake in Air Products and Chemicals by 40.4% in the third quarter. FinTrust Capital Advisors LLC now owns 132 shares of the basic materials company’s stock valued at $37,000 after buying an additional 38 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its stake in 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 buying an additional 38 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

Shares of NYSE:APD traded up $0.95 on Friday, hitting $236.03. The company had a trading volume of 657,263 shares, compared to its average volume of 1,709,969. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year high of $307.71. The stock has a market cap of $52.47 billion, a price-to-earnings ratio of 22.43, a P/E/G ratio of 2.58 and a beta of 0.81. The stock has a 50 day moving average price of $236.96 and a 200 day moving average price of $256.16. The company has a current ratio of 1.81, a quick ratio of 1.58 and a debt-to-equity ratio of 0.74.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data 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 net margin of 18.82% and a return on equity of 16.84%. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the prior year, the firm earned $2.64 earnings per share. Air Products and Chemicals’s revenue for the quarter was down 5.6% on a year-over-year basis. Analysts expect that Air Products and Chemicals, Inc. will post 12.38 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on APD shares. Bank of America raised shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $264.00 price target on the stock in a research note on Thursday, February 15th. TD Cowen cut their price target on shares of Air Products and Chemicals from $345.00 to $305.00 and set an “outperform” rating on the stock in a research note on Friday, February 16th. Seaport Res Ptn lowered shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. Wells Fargo & Company lowered shares of Air Products and Chemicals from an “overweight” rating to an “equal weight” rating in a research report on Monday, February 5th. Finally, Barclays cut their price objective on shares of Air Products and Chemicals from $260.00 to $245.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 6th. One 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $276.36.

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.