Trilogy Capital Inc. Sells 134 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

by · The Markets Daily

Trilogy Capital Inc. trimmed its stake in Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 1.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,640 shares of the basic materials company’s stock after selling 134 shares during the quarter. Trilogy Capital Inc.’s holdings in Air Products and Chemicals were worth $3,168,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in APD. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its position in Air Products and Chemicals by 0.3% during 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 during the last quarter. CX Institutional increased its holdings in shares of 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 last quarter. Cape Investment Advisory Inc. raised its stake in Air Products and Chemicals by 1.0% in the 1st quarter. Cape Investment Advisory Inc. now owns 3,740 shares of the basic materials company’s stock valued at $906,000 after acquiring an additional 37 shares during the period. Exchange Traded Concepts LLC lifted its position in Air Products and Chemicals by 22.3% during the third quarter. Exchange Traded Concepts LLC now owns 203 shares of the basic materials company’s stock worth $60,000 after acquiring an additional 37 shares during the last quarter. Finally, First Citizens Bank & Trust Co. boosted its holdings in shares of Air Products and Chemicals by 0.4% during 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 acquiring an additional 39 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

Air Products and Chemicals stock opened at $332.10 on Monday. The firm has a market cap of $73.83 billion, a P/E ratio of 29.97, a P/E/G ratio of 3.87 and a beta of 0.82. The stock’s 50 day moving average is $289.56 and its 200 day moving average is $268.89. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 1.10. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $332.17.

Air Products and Chemicals (NYSE:APD – Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The basic materials company reported $3.20 EPS for the quarter, beating 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 company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.04 billion. As a group, research analysts expect that Air Products and Chemicals, Inc. will post 12.33 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft lowered Air Products and Chemicals from a “buy” rating to a “hold” rating and lowered their target price for the stock from $310.00 to $280.00 in a research note on Monday, July 22nd. Barclays lifted their target price on Air Products and Chemicals from $290.00 to $295.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. JPMorgan Chase & Co. raised their price target on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday. BMO Capital Markets increased their target price on shares of Air Products and Chemicals from $300.00 to $323.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Finally, Vertical Research raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price objective on the stock in a research note on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Air Products and Chemicals has a consensus rating of “Moderate Buy” and an average target price of $320.82.

Check Out Our Latest Research Report on APD

About Air Products and Chemicals

(Free Report)

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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