State of Tennessee Department of Treasury Sells 3,115 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

State of Tennessee Department of Treasury reduced its position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,418 shares of the basic materials company's stock after selling 3,115 shares during the quarter. State of Tennessee Department of Treasury's holdings in Air Products and Chemicals were worth $18,974,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in APD. First Horizon Advisors Inc. raised its position in Air Products and Chemicals by 1.8% during the fourth quarter. First Horizon Advisors Inc. now owns 1,742 shares of the basic materials company's stock valued at $505,000 after purchasing an additional 31 shares in the last quarter. Lake Street Advisors Group LLC increased its position in Air Products and Chemicals by 1.6% during the 4th quarter. Lake Street Advisors Group LLC now owns 2,028 shares of the basic materials company's stock worth $588,000 after purchasing an additional 31 shares in the last quarter. WR Wealth Planners LLC increased its holdings in shares of Air Products and Chemicals by 40.3% during the fourth quarter. WR Wealth Planners LLC now owns 108 shares of the basic materials company's stock worth $31,000 after buying an additional 31 shares in the last quarter. Silver Oak Securities Incorporated boosted its holdings in shares of Air Products and Chemicals by 1.1% during the 4th quarter. Silver Oak Securities Incorporated now owns 3,074 shares of the basic materials company's stock valued at $888,000 after acquiring an additional 32 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its position in Air Products and Chemicals by 3.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 974 shares of the basic materials company's stock worth $282,000 after acquiring an additional 33 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

APD has been the subject of several recent research reports. Bank of America downgraded Air Products and Chemicals from a "neutral" rating to an "underperform" rating and lowered their price objective for the company from $330.00 to $282.00 in a research note on Tuesday, April 15th. BNP Paribas upgraded shares of Air Products and Chemicals to a "strong-buy" rating in a research report on Tuesday, February 11th. Barclays cut their price target on shares of Air Products and Chemicals from $365.00 to $355.00 and set an "overweight" rating on the stock in a report on Tuesday, April 1st. StockNews.com downgraded Air Products and Chemicals from a "hold" rating to a "sell" rating in a report on Friday, February 7th. Finally, UBS Group cut their target price on 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. Two equities research 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 stock. According to data from MarketBeat, Air Products and Chemicals has an average rating of "Moderate Buy" and a consensus price target of $332.18.

Air Products and Chemicals Trading Up 3.0 %

APD opened at $265.44 on Wednesday. The company has a market cap of $59.05 billion, a P/E ratio of 15.41, a price-to-earnings-growth ratio of 3.07 and a beta of 0.89. The company has a fifty day moving average price of $290.69 and a two-hundred day moving average price of $306.22. The company has a current ratio of 1.11, a quick ratio of 0.96 and a debt-to-equity ratio of 0.71. Air Products and Chemicals, Inc. has a 1-year low of $228.81 and a 1-year high of $341.14.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The basic materials company reported $2.86 EPS for the quarter, missing analysts' consensus estimates 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%. Analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Insider Buying and Selling at Air Products and Chemicals

In related news, insider Kurt Lefevere sold 1,500 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $316.17, for a total value of $474,255.00. Following the transaction, the insider now owns 1,462 shares of the company's stock, valued at approximately $462,240.54. This trade represents a 50.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Francesco Maione sold 2,016 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $306.00, for a total value of $616,896.00. Following the sale, the insider now directly owns 3,834 shares of the company's stock, valued at $1,173,204. This represents a 34.46 % 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 worth $4,842,604. 0.41% of the stock is owned by corporate insiders.

About Air Products and Chemicals

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.

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