Air Products and Chemicals, Inc. (NYSE:APD) Stake Decreased by Gabelli Funds LLC

Gabelli Funds LLC reduced its position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,581 shares of the basic materials company's stock after selling 1,045 shares during the quarter. Gabelli Funds LLC's holdings in Air Products and Chemicals were worth $3,939,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in APD. SG Americas Securities LLC increased its stake in shares of Air Products and Chemicals by 106.3% in the 4th quarter. SG Americas Securities LLC now owns 13,494 shares of the basic materials company's stock worth $3,914,000 after acquiring an additional 6,952 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Air Products and Chemicals by 59.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 374,442 shares of the basic materials company's stock worth $111,488,000 after purchasing an additional 139,223 shares during the last quarter. Wedge Capital Management L L P NC acquired a new stake in shares of Air Products and Chemicals during the 4th quarter worth about $7,269,000. Diversify Wealth Management LLC increased its position in shares of Air Products and Chemicals by 88.2% during the 4th quarter. Diversify Wealth Management LLC now owns 10,490 shares of the basic materials company's stock worth $3,074,000 after purchasing an additional 4,916 shares during the last quarter. Finally, World Investment Advisors LLC increased its position in shares of Air Products and Chemicals by 1,205.1% during the 3rd quarter. World Investment Advisors LLC now owns 38,423 shares of the basic materials company's stock worth $11,440,000 after purchasing an additional 35,479 shares during the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. reissued a "neutral" rating and set a $320.00 price objective (down from $345.00) on shares of Air Products and Chemicals in a research report on Friday, February 7th. Bank of America downgraded Air Products and Chemicals from a "neutral" rating to an "underperform" rating and cut their price objective for the stock from $330.00 to $282.00 in a research report on Tuesday, April 15th. Barclays lowered their target price on Air Products and Chemicals from $365.00 to $355.00 and set an "overweight" rating for the company in a report on Tuesday, April 1st. StockNews.com cut Air Products and Chemicals from a "hold" rating to a "sell" rating in a report on Friday, February 7th. Finally, Sanford C. Bernstein upgraded Air Products and Chemicals from a "market perform" rating to an "outperform" rating and set a $375.00 target price for the company in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $332.18.

Air Products and Chemicals Stock Up 0.5 %

Shares of Air Products and Chemicals stock traded up $1.28 during trading hours on Wednesday, hitting $266.64. 256,670 shares of the company's stock traded hands, compared to its average volume of 1,485,551. The stock has a 50 day simple moving average of $290.69 and a 200-day simple moving average of $306.22. The company has a quick ratio of 0.96, a current ratio of 1.11 and a debt-to-equity ratio of 0.71. The company has a market cap of $59.32 billion, a PE ratio of 15.48, a PEG ratio of 3.07 and a beta of 0.89. Air Products and Chemicals, Inc. has a twelve month low of $228.81 and a twelve month high of $341.14.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced its earnings results on Thursday, February 6th. The basic materials company reported $2.86 earnings per share for the quarter, missing the consensus estimate of $3.13 by ($0.27). Air Products and Chemicals had a net margin of 31.88% and a return on equity of 15.78%. Equities research analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Insider Transactions at Air Products and Chemicals

In other Air Products and Chemicals news, insider Francesco Maione sold 2,016 shares of the firm's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $306.00, for a total value of $616,896.00. Following the transaction, the insider now owns 3,834 shares of the company's stock, valued at $1,173,204. This trade represents a 34.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Sean D. Major sold 4,500 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $315.46, for a total transaction of $1,419,570.00. Following the completion of the transaction, the vice president now directly owns 14,273 shares in the company, valued at $4,502,560.58. This represents a 23.97 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,500 shares of company stock valued at $4,842,604. Insiders own 0.41% of the company's stock.

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.