Ledyard National Bank Has $620,000 Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Ledyard National Bank grew its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 19.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,264 shares of the basic materials company’s stock after buying an additional 376 shares during the quarter. Ledyard National Bank’s holdings in Air Products and Chemicals were worth $620,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in APD. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Air Products and Chemicals in the fourth quarter worth $27,000. Roble Belko & Company Inc bought a new stake in Air Products and Chemicals during the fourth quarter worth $27,000. Stuart Chaussee & Associates Inc. raised its position in Air Products and Chemicals by 257.6% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 118 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 85 shares in the last quarter. Rakuten Securities Inc. bought a new stake in Air Products and Chemicals during the fourth quarter worth $33,000. Finally, Legacy Bridge LLC bought a new stake in Air Products and Chemicals during the fourth quarter worth $35,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analysts Set New Price Targets

APD has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Air Products and Chemicals from $295.00 to $270.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 6th. Barclays dropped their price objective on shares of 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. Mizuho dropped their price objective on shares of Air Products and Chemicals from $304.00 to $295.00 and set a “buy” rating on the stock in a research report on Tuesday, February 6th. Wolfe Research started coverage on shares of Air Products and Chemicals in a research report on Friday, March 1st. They issued an “outperform” rating and a $279.00 price objective on the stock. Finally, TD Cowen dropped their price objective on shares of Air Products and Chemicals from $345.00 to $305.00 and set an “outperform” rating on the stock in a research report on Friday, February 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $276.36.

Air Products and Chemicals Trading Down 2.7 %

Air Products and Chemicals stock traded down $6.33 during mid-day trading on Tuesday, hitting $231.79. 967,673 shares of the stock were exchanged, compared to its average volume of 1,707,125. The company has a quick ratio of 1.58, a current ratio of 1.81 and a debt-to-equity ratio of 0.74. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $307.71. The firm’s fifty day simple moving average is $237.37 and its two-hundred day simple moving average is $255.01. The stock has a market capitalization of $51.53 billion, a price-to-earnings ratio of 22.72, a PEG ratio of 2.60 and a beta of 0.81.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.73 by $0.12. Air Products and Chemicals had a net margin of 18.82% and a return on equity of 16.84%. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same quarter last year, the business earned $2.74 EPS. The company’s revenue was down 8.4% compared to the same quarter last year. Analysts forecast that Air Products and Chemicals, Inc. will post 12.38 EPS for the current year.

Air Products and Chemicals 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.