Valmark Advisers Inc. Has $838,000 Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Valmark Advisers Inc. lessened its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,059 shares of the basic materials company’s stock after selling 166 shares during the quarter. Valmark Advisers Inc.’s holdings in Air Products and Chemicals were worth $838,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC bought a new stake in Air Products and Chemicals in the 4th quarter valued at $27,000. Roble Belko & Company Inc bought a new stake in Air Products and Chemicals in the 4th quarter valued at $27,000. Stuart Chaussee & Associates Inc. raised its stake in Air Products and Chemicals by 257.6% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 118 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 85 shares during the period. Rakuten Securities Inc. bought a new stake in Air Products and Chemicals in the 4th quarter valued at $33,000. Finally, Legacy Bridge LLC bought a new stake in Air Products and Chemicals in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

APD has been the topic of a number of research analyst reports. Seaport Res Ptn cut Air Products and Chemicals from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. Barclays lowered their price objective on 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 lowered their price objective on 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. StockNews.com upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd. Finally, TheStreet cut Air Products and Chemicals from a “b” rating to a “c+” rating in a research report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Air Products and Chemicals has an average rating of “Hold” and an average target price of $276.36.

Air Products and Chemicals Price Performance

Shares of NYSE APD traded up $1.00 during mid-day trading on Friday, reaching $236.08. The company had a trading volume of 1,251,373 shares, compared to its average volume of 1,281,333. The business’s 50-day simple moving average is $237.14 and its 200 day simple moving average is $255.60. The firm has a market cap of $52.48 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 2.60 and a beta of 0.81. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.58 and a current ratio of 1.81. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $307.71.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Monday, February 5th. The basic materials company reported $2.82 earnings per share for the quarter, missing the consensus estimate of $3.00 by ($0.18). The business had revenue of $3 billion during the quarter, compared to analyst estimates of $3.20 billion. Air Products and Chemicals had a net margin of 18.82% and a return on equity of 16.84%. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period last year, the business earned $2.64 earnings per share. On average, research analysts predict that Air Products and Chemicals, Inc. will post 12.38 earnings per share for the current fiscal 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.