Norden Group LLC Trims Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Norden Group LLC trimmed its position in Air Products and Chemicals, Inc. (NYSE:APD) by 3.9% in the 4th quarter, HoldingsChannel reports. The firm owned 1,615 shares of the basic materials company’s stock after selling 65 shares during the quarter. Norden Group LLC’s holdings in Air Products and Chemicals were worth $442,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Air Products and Chemicals in the fourth quarter worth about $27,000. Roble Belko & Company Inc purchased a new position in shares of Air Products and Chemicals in the fourth quarter worth about $27,000. Stuart Chaussee & Associates Inc. raised its stake in shares of Air Products and Chemicals by 257.6% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 118 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 85 shares during the last quarter. Rakuten Securities Inc. purchased a new position in shares of Air Products and Chemicals in the fourth quarter worth about $33,000. Finally, Legacy Bridge LLC purchased a new position in shares of Air Products and Chemicals in the fourth quarter worth about $35,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on APD shares. Mizuho dropped their target price on Air Products and Chemicals from $304.00 to $295.00 and set a “buy” rating on the stock in a report on Tuesday, February 6th. Argus lowered Air Products and Chemicals from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. Wells Fargo & Company lowered Air Products and Chemicals from an “overweight” rating to an “equal weight” rating in a research report on Monday, February 5th. JPMorgan Chase & Co. decreased their target price on Air Products and Chemicals from $295.00 to $270.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 6th. Finally, Seaport Res Ptn lowered Air Products and Chemicals from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $276.36.

Air Products and Chemicals Trading Down 0.7 %

Shares of APD stock opened at $236.34 on Wednesday. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $307.71. The firm has a market capitalization of $52.54 billion, a P/E ratio of 22.55, a PEG ratio of 2.62 and a beta of 0.81. The stock’s fifty day moving average is $237.53 and its two-hundred day moving average is $254.67. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.58 and a current ratio of 1.81.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.15. Air Products and Chemicals had a return on equity of 16.84% and a net margin of 18.82%. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same period last year, the company earned $2.74 EPS. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. Research analysts expect that Air Products and Chemicals, Inc. will post 12.38 earnings per share for the current fiscal 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.