Air Products and Chemicals, Inc. (NYSE:APD) Stake Trimmed by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI lowered its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 9.5% during the fourth quarter, HoldingsChannel reports. The firm owned 2,919 shares of the basic materials company’s stock after selling 307 shares during the period. Citizens Financial Group Inc. RI’s holdings in Air Products and Chemicals were worth $799,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of APD. Avior Wealth Management LLC grew its stake in Air Products and Chemicals by 25.5% during the 3rd quarter. Avior Wealth Management LLC now owns 207 shares of the basic materials company’s stock valued at $59,000 after acquiring an additional 42 shares in the last quarter. Handelsbanken Fonder AB grew its stake in Air Products and Chemicals by 1.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 74,786 shares of the basic materials company’s stock valued at $21,194,000 after acquiring an additional 729 shares in the last quarter. Simplicity Solutions LLC grew its stake in Air Products and Chemicals by 4.6% during the 3rd quarter. Simplicity Solutions LLC now owns 6,739 shares of the basic materials company’s stock valued at $1,910,000 after acquiring an additional 299 shares in the last quarter. Slow Capital Inc. grew its stake in Air Products and Chemicals by 13.9% during the 3rd quarter. Slow Capital Inc. now owns 5,380 shares of the basic materials company’s stock valued at $1,531,000 after acquiring an additional 658 shares in the last quarter. Finally, Valeo Financial Advisors LLC grew its stake in Air Products and Chemicals by 6.7% during the 3rd quarter. Valeo Financial Advisors LLC now owns 3,887 shares of the basic materials company’s stock valued at $1,101,000 after acquiring an additional 245 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

APD has been the topic of several research analyst reports. TheStreet cut Air Products and Chemicals from a “b” rating to a “c+” rating in a research note on Monday, February 5th. Wolfe Research initiated coverage on Air Products and Chemicals in a research note on Friday, March 1st. They issued an “outperform” rating and a $279.00 price target for the company. Bank of America raised Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $264.00 price target for the company in a research note on Thursday, February 15th. Seaport Res Ptn cut Air Products and Chemicals from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. Finally, Mizuho lowered their price target on Air Products and Chemicals from $304.00 to $295.00 and set a “buy” rating for the company in a research note on Tuesday, February 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Air Products and Chemicals currently has an average rating of “Hold” and a consensus target price of $276.36.

Air Products and Chemicals Stock Up 0.4 %

Shares of APD stock opened at $236.08 on Friday. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $307.71. The firm has a market cap of $52.48 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 2.60 and a beta of 0.81. The stock has a 50 day moving average of $237.14 and a 200-day moving average of $255.60. The company has a quick ratio of 1.58, a current ratio of 1.81 and a debt-to-equity ratio of 0.74.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Monday, February 5th. The basic materials company reported $2.82 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $3 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter last year, the firm earned $2.64 earnings per share. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. On average, equities analysts predict that Air Products and Chemicals, Inc. will post 12.38 EPS for the current year.

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.