Westover Capital Advisors LLC Sells 2,095 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Westover Capital Advisors LLC lowered its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 35.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,825 shares of the basic materials company’s stock after selling 2,095 shares during the period. Westover Capital Advisors LLC’s holdings in Air Products and Chemicals were worth $1,047,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Morgan Stanley increased its holdings in shares of Air Products and Chemicals by 4.6% in the third quarter. Morgan Stanley now owns 5,302,455 shares of the basic materials company’s stock worth $1,502,717,000 after buying an additional 235,037 shares during the period. Northern Trust Corp increased its holdings in shares of Air Products and Chemicals by 1.0% in the third quarter. Northern Trust Corp now owns 3,829,919 shares of the basic materials company’s stock worth $1,085,399,000 after buying an additional 39,215 shares during the period. Raymond James & Associates increased its holdings in shares of Air Products and Chemicals by 3.6% in the fourth quarter. Raymond James & Associates now owns 1,931,619 shares of the basic materials company’s stock worth $528,877,000 after buying an additional 66,906 shares during the period. FMR LLC increased its holdings in Air Products and Chemicals by 1.3% during the 3rd quarter. FMR LLC now owns 1,715,055 shares of the basic materials company’s stock valued at $486,047,000 after purchasing an additional 21,422 shares during the period. Finally, Stifel Financial Corp increased its holdings in Air Products and Chemicals by 1.5% during the 3rd quarter. Stifel Financial Corp now owns 1,339,666 shares of the basic materials company’s stock valued at $379,680,000 after purchasing an additional 20,113 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on APD shares. Wells Fargo & Company downgraded Air Products and Chemicals from an “overweight” rating to an “equal weight” rating in a report on Monday, February 5th. Morgan Stanley reduced their price target on Air Products and Chemicals from $285.00 to $240.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 7th. UBS Group downgraded Air Products and Chemicals from a “buy” rating to a “neutral” rating and reduced their price target for the company from $328.00 to $241.00 in a report on Thursday, February 8th. TheStreet cut Air Products and Chemicals from a “b” rating to a “c+” rating in a research report on Monday, February 5th. Finally, Barclays cut their price objective on 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 investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Air Products and Chemicals has a consensus rating of “Hold” and an average target price of $277.43.

Air Products and Chemicals Stock Up 2.3 %

APD stock traded up $5.48 during midday trading on Thursday, hitting $242.97. The company’s stock had a trading volume of 1,266,871 shares, compared to its average volume of 1,733,793. The company has a market cap of $54.01 billion, a PE ratio of 21.44, a P/E/G ratio of 2.60 and a beta of 0.80. 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 current ratio of 1.49, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. The firm’s 50-day moving average is $237.72 and its 200-day moving average is $254.55.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $0.15. The business had revenue of $2.93 billion for 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% on a year-over-year basis. During the same period in the prior year, the firm posted $2.74 EPS. On average, equities research analysts forecast 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.