Cullen Frost Bankers Inc. Purchases 1,459 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Cullen Frost Bankers Inc. raised its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 4.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,883 shares of the basic materials company’s stock after acquiring an additional 1,459 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Air Products and Chemicals were worth $9,003,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Dover Advisors LLC lifted its stake in 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 during the period. Smithfield Trust Co raised its stake in 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 buying an additional 36 shares during the period. Creative Financial Designs Inc. ADV boosted its holdings 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 worth $996,000 after acquiring an additional 38 shares in the last quarter. Fidelis Capital Partners LLC increased its holdings in shares of Air Products and Chemicals by 2.1% during the third quarter. Fidelis Capital Partners LLC now owns 1,957 shares of the basic materials company’s stock valued at $555,000 after acquiring an additional 40 shares in the last quarter. Finally, Choreo LLC raised its position in shares of Air Products and Chemicals by 0.8% during the third quarter. Choreo LLC now owns 5,263 shares of the basic materials company’s stock worth $1,492,000 after purchasing an additional 41 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Argus lowered shares of Air Products and Chemicals from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Barclays lowered 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. Citigroup decreased their price objective on shares of Air Products and Chemicals from $285.00 to $280.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. TheStreet lowered Air Products and Chemicals from a “b” rating to a “c+” rating in a report on Monday, February 5th. Finally, Wolfe Research started coverage on Air Products and Chemicals in a report on Friday, March 1st. They set an “outperform” rating and a $279.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Air Products and Chemicals has a consensus rating of “Hold” and a consensus target price of $277.43.

Air Products and Chemicals Stock Down 1.0 %

APD opened at $246.27 on Thursday. The company has a 50 day moving average of $238.93 and a 200 day moving average of $253.28. The company has a current ratio of 1.49, a quick ratio of 1.31 and a debt-to-equity ratio of 0.77. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $307.71. The company has a market cap of $54.75 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 2.66 and a beta of 0.80.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.15. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $3.05 billion. Air Products and Chemicals had a return on equity of 16.56% and a net margin of 20.32%. The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.74 earnings per share. On average, sell-side analysts expect that Air Products and Chemicals, Inc. will post 12.31 EPS for the current year.

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.