Select Asset Management & Trust Takes $290,000 Position in Air Products and Chemicals, Inc. (NYSE:APD)

Select Asset Management & Trust acquired a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,000 shares of the basic materials company's stock, valued at approximately $290,000.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Air Products and Chemicals during the fourth quarter valued at approximately $919,721,000. Raymond James Financial Inc. purchased a new position in Air Products and Chemicals in the fourth quarter valued at about $885,371,000. Capital International Investors bought a new stake in shares of Air Products and Chemicals in the 4th quarter valued at about $436,636,000. Orion Portfolio Solutions LLC grew its position in shares of Air Products and Chemicals by 1,615.5% in the 4th quarter. Orion Portfolio Solutions LLC now owns 530,005 shares of the basic materials company's stock worth $153,723,000 after buying an additional 499,110 shares during the last quarter. Finally, Senator Investment Group LP bought a new position in shares of Air Products and Chemicals during the 4th quarter worth approximately $133,551,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

APD has been the subject of several analyst reports. StockNews.com lowered Air Products and Chemicals from a "hold" rating to a "sell" rating in a report on Friday, February 7th. UBS Group cut their price objective on shares of Air Products and Chemicals from $370.00 to $335.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Barclays dropped their target price on shares of Air Products and Chemicals from $365.00 to $355.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 1st. BMO Capital Markets downgraded shares of Air Products and Chemicals from an "outperform" rating to a "market perform" rating in a research note on Friday, February 7th. Finally, Wells Fargo & Company reduced their target price on Air Products and Chemicals from $365.00 to $320.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Two investment 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $332.18.

Insider Buying and Selling

In related news, VP Sean D. Major sold 4,500 shares of the business's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $315.46, for a total value of $1,419,570.00. Following the completion of the sale, the vice president now owns 14,273 shares of the company's stock, valued at approximately $4,502,560.58. The trade was a 23.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Walter L. Nelson sold 589 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $308.50, for a total transaction of $181,706.50. Following the transaction, the vice president now directly owns 719 shares in the company, valued at approximately $221,811.50. The trade was a 45.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,500 shares of company stock valued at $4,842,604. 0.41% of the stock is owned by company insiders.

Air Products and Chemicals Stock Performance

Shares of NYSE APD traded up $4.12 during midday trading on Thursday, reaching $268.86. 813,572 shares of the stock were exchanged, compared to its average volume of 1,485,762. 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 firm has a market cap of $59.81 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 3.07 and a beta of 0.89. The firm has a 50-day simple moving average of $289.66 and a two-hundred day simple moving average of $305.94. 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 released its quarterly earnings results on Thursday, February 6th. The basic materials company reported $2.86 EPS 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%. As a group, analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 EPS 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.