Heartland Bank & Trust Co Decreases Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Heartland Bank & Trust Co reduced its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 3.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,418 shares of the basic materials company’s stock after selling 51 shares during the period. Heartland Bank & Trust Co’s holdings in Air Products and Chemicals were worth $422,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new position in Air Products and Chemicals during the second quarter worth about $32,000. Hexagon Capital Partners LLC raised its stake in Air Products and Chemicals by 2,250.0% during the first quarter. Hexagon Capital Partners LLC now owns 141 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 135 shares during the period. Iron Horse Wealth Management LLC raised its stake in Air Products and Chemicals by 88.7% during the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 55 shares during the period. Trifecta Capital Advisors LLC raised its stake in Air Products and Chemicals by 1,700.0% during the second quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 136 shares during the period. Finally, Beacon Capital Management LLC raised its stake in Air Products and Chemicals by 128.8% during the first quarter. Beacon Capital Management LLC now owns 183 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 103 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

APD has been the topic of a number of analyst reports. Wells Fargo & Company lifted their target price on shares of Air Products and Chemicals from $280.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Citigroup lifted their price target on shares of Air Products and Chemicals from $330.00 to $345.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Deutsche Bank Aktiengesellschaft cut shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and dropped their price target for the company from $310.00 to $280.00 in a research report on Monday, July 22nd. The Goldman Sachs Group lifted their price target on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $320.82.

Air Products and Chemicals Stock Down 1.1 %

Shares of Air Products and Chemicals stock opened at $326.62 on Thursday. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $332.42. The company has a 50 day moving average of $292.79 and a 200 day moving average of $270.59. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $72.61 billion, a P/E ratio of 29.48, a P/E/G ratio of 3.87 and a beta of 0.82.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, August 1st. The basic materials company reported $3.20 earnings per share for the quarter, topping the consensus estimate of $3.04 by $0.16. The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.04 billion. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. As a group, research analysts forecast that Air Products and Chemicals, Inc. will post 12.33 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.