Mattern Wealth Management LLC Sells 539 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Mattern Wealth Management LLC trimmed its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 14.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,124 shares of the basic materials company’s stock after selling 539 shares during the period. Mattern Wealth Management LLC’s holdings in Air Products and Chemicals were worth $930,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of APD. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its position in Air Products and Chemicals by 0.3% in the third quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,593 shares of the basic materials company’s stock worth $3,452,000 after buying an additional 34 shares in the last quarter. CX Institutional raised its stake in Air Products and Chemicals by 2.6% during the 3rd quarter. CX Institutional now owns 1,343 shares of the basic materials company’s stock worth $400,000 after acquiring an additional 34 shares during the period. Cape Investment Advisory Inc. lifted its holdings in Air Products and Chemicals by 1.0% during the first quarter. Cape Investment Advisory Inc. now owns 3,740 shares of the basic materials company’s stock valued at $906,000 after purchasing an additional 37 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Air Products and Chemicals by 22.3% in the third quarter. Exchange Traded Concepts LLC now owns 203 shares of the basic materials company’s stock worth $60,000 after purchasing an additional 37 shares during the period. Finally, First Citizens Bank & Trust Co. increased its stake in shares of Air Products and Chemicals by 0.4% in the second quarter. First Citizens Bank & Trust Co. now owns 10,906 shares of the basic materials company’s stock worth $2,814,000 after purchasing an additional 39 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Trading Down 0.6 %

APD traded down $1.99 during trading on Tuesday, reaching $329.57. The company had a trading volume of 312,876 shares, compared to its average volume of 1,616,987. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.77. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $332.42. The stock has a market cap of $73.27 billion, a P/E ratio of 29.77, a PEG ratio of 3.87 and a beta of 0.82. The business has a 50 day simple moving average of $290.72 and a 200-day simple moving average of $269.55.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, August 1st. The basic materials company reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $3.04 by $0.16. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.04 billion. On average, equities analysts anticipate that Air Products and Chemicals, Inc. will post 12.33 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on APD shares. The Goldman Sachs Group upped their target price on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, August 5th. UBS Group upped their price objective on Air Products and Chemicals from $307.00 to $345.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 15th. Jefferies Financial Group raised Air Products and Chemicals from a “hold” rating to a “buy” rating and lifted their target price for the company from $295.00 to $364.00 in a research note on Monday, October 7th. Wells Fargo & Company upped their price target on 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. Finally, Mizuho lifted their price objective on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $320.82.

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.