BRYN MAWR TRUST Co Sells 910 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

BRYN MAWR TRUST Co lessened its stake in shares of Air Products and Chemicals, Inc. (NYSE:APDGet Rating) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,300 shares of the basic materials company’s stock after selling 910 shares during the quarter. BRYN MAWR TRUST Co’s holdings in Air Products and Chemicals were worth $3,134,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Arlington Partners LLC bought a new stake in Air Products and Chemicals during the fourth quarter worth approximately $28,000. Northwest Investment Counselors LLC bought a new position in Air Products and Chemicals in the 4th quarter worth $30,000. TAP Consulting LLC acquired a new position in Air Products and Chemicals during the 4th quarter worth $31,000. D Orazio & Associates Inc. bought a new stake in Air Products and Chemicals during the third quarter valued at about $28,000. Finally, Emerald Advisers LLC bought a new stake in Air Products and Chemicals during the 4th quarter valued at approximately $33,000. 80.62% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently commented on the stock. Cowen cut their price objective on shares of Air Products and Chemicals from $365.00 to $345.00 in a research report on Monday, February 7th. Mizuho decreased their price target on shares of Air Products and Chemicals from $313.00 to $312.00 and set a “buy” rating on the stock in a research note on Monday, February 7th. BMO Capital Markets cut shares of Air Products and Chemicals from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $383.00 to $280.00 in a research note on Tuesday, February 8th. Wells Fargo & Company lowered shares of Air Products and Chemicals from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $275.00 to $255.00 in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Air Products and Chemicals from $300.00 to $272.00 in a research note on Tuesday. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $304.86.

NYSE APD traded up $2.30 on Friday, hitting $233.71. 661,808 shares of the company were exchanged, compared to its average volume of 1,222,383. Air Products and Chemicals, Inc. has a 1-year low of $216.24 and a 1-year high of $316.39. The firm has a 50 day moving average of $239.63 and a two-hundred day moving average of $268.07. The company has a current ratio of 1.95, a quick ratio of 1.79 and a debt-to-equity ratio of 0.47. The company has a market cap of $51.83 billion, a P/E ratio of 23.28, a P/E/G ratio of 1.74 and a beta of 0.87.

Air Products and Chemicals (NYSE:APDGet Rating) last announced its earnings results on Thursday, May 5th. The basic materials company reported $2.38 earnings per share for the quarter, topping analysts’ consensus estimates of $2.35 by $0.03. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $3 billion. Air Products and Chemicals had a net margin of 19.63% and a return on equity of 15.32%. The company’s revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.08 earnings per share. Research analysts anticipate that Air Products and Chemicals, Inc. will post 10.27 EPS for the current fiscal year.

Air Products and Chemicals Company Profile (Get Rating)

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas; specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, manufacturing, food and beverage, electronics, magnetic resonance imaging, energy production and refining, and metals.

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Institutional Ownership by Quarter for Air Products and Chemicals (NYSE:APD)

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