Telos Capital Management Inc. Cuts Position in Air Products and Chemicals, Inc. $APD

Telos Capital Management Inc. trimmed its position in Air Products and Chemicals, Inc. (NYSE:APD) by 1.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,132 shares of the basic materials company’s stock after selling 398 shares during the quarter. Telos Capital Management Inc.’s holdings in Air Products and Chemicals were worth $7,371,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of APD. Brighton Jones LLC raised its holdings in shares of Air Products and Chemicals by 14.5% during the 4th quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company’s stock valued at $945,000 after buying an additional 412 shares during the period. Bison Wealth LLC purchased a new stake in shares of Air Products and Chemicals during the 4th quarter valued at about $245,000. Mutual Advisors LLC grew its stake in Air Products and Chemicals by 4.6% during the 1st quarter. Mutual Advisors LLC now owns 3,679 shares of the basic materials company’s stock valued at $1,085,000 after purchasing an additional 161 shares in the last quarter. OneDigital Investment Advisors LLC grew its stake in Air Products and Chemicals by 7.6% during the 1st quarter. OneDigital Investment Advisors LLC now owns 5,259 shares of the basic materials company’s stock valued at $1,551,000 after purchasing an additional 373 shares in the last quarter. Finally, Brookstone Capital Management grew its stake in Air Products and Chemicals by 26.9% during the 1st quarter. Brookstone Capital Management now owns 5,282 shares of the basic materials company’s stock valued at $1,558,000 after purchasing an additional 1,119 shares in the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP Victoria Brifo sold 1,359 shares of the company’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $292.38, for a total transaction of $397,344.42. Following the completion of the sale, the vice president owned 8,686 shares in the company, valued at approximately $2,539,612.68. This represents a 13.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on APD. Weiss Ratings restated a “hold (c)” rating on shares of Air Products and Chemicals in a research note on Wednesday, October 8th. Citigroup reduced their price objective on Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating for the company in a research report on Monday, October 6th. The Goldman Sachs Group set a $335.00 price objective on Air Products and Chemicals in a research report on Wednesday, October 1st. UBS Group cut their target price on Air Products and Chemicals from $354.00 to $350.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. Finally, Argus raised Air Products and Chemicals from a “hold” rating to a “buy” rating in a research note on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $330.00.

Air Products and Chemicals Stock Performance

Shares of NYSE APD opened at $242.47 on Monday. Air Products and Chemicals, Inc. has a 52-week low of $239.03 and a 52-week high of $341.14. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $53.96 billion, a price-to-earnings ratio of 34.89, a PEG ratio of 5.16 and a beta of 0.83. The stock’s fifty day simple moving average is $273.68 and its 200 day simple moving average is $278.80.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $0.10. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.The business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.95 billion. During the same quarter in the previous year, the company posted $3.20 earnings per share. Air Products and Chemicals’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Air Products and Chemicals, Inc. will post 12.69 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.