First National Bank of Mount Dora Trust Investment Services Sells 4,250 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

First National Bank of Mount Dora Trust Investment Services lessened its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 50.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,131 shares of the basic materials company’s stock after selling 4,250 shares during the period. First National Bank of Mount Dora Trust Investment Services’ holdings in Air Products and Chemicals were worth $1,230,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Capital Research Global Investors raised its position in shares of Air Products and Chemicals by 62.3% in the first quarter. Capital Research Global Investors now owns 11,230,051 shares of the basic materials company’s stock valued at $2,720,704,000 after buying an additional 4,309,040 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in Air Products and Chemicals by 4.2% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,062,859 shares of the basic materials company’s stock valued at $790,371,000 after purchasing an additional 122,676 shares in the last quarter. Pathway Financial Advisers LLC raised its position in Air Products and Chemicals by 29,954.1% during the third quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company’s stock valued at $861,722,000 after purchasing an additional 2,884,581 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Air Products and Chemicals by 127.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,792,470 shares of the basic materials company’s stock valued at $720,597,000 after purchasing an additional 1,564,169 shares in the last quarter. Finally, Raymond James & Associates raised its position in Air Products and Chemicals by 1.7% during the third quarter. Raymond James & Associates now owns 2,043,099 shares of the basic materials company’s stock valued at $608,312,000 after purchasing an additional 33,313 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on APD shares. Evercore ISI upgraded shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $305.00 to $365.00 in a research report on Monday, October 7th. Deutsche Bank Aktiengesellschaft downgraded shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and lowered their price target for the stock from $310.00 to $280.00 in a report on Monday, July 22nd. Redburn Atlantic upgraded shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price target for the company in a report on Friday, October 25th. StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. Finally, BMO Capital Markets upped their price target on shares of Air Products and Chemicals from $300.00 to $323.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Air Products and Chemicals currently has an average rating of “Moderate Buy” and a consensus target price of $326.12.

Air Products and Chemicals Stock Performance

Shares of Air Products and Chemicals stock traded down $0.88 on Monday, reaching $308.33. 149,570 shares of the company traded hands, compared to its average volume of 1,604,511. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $332.42. The firm has a market capitalization of $68.54 billion, a PE ratio of 26.79, a PEG ratio of 3.26 and a beta of 0.81. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 1.10. The company has a 50 day moving average of $298.45 and a 200 day moving average of $274.87.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Thursday, August 1st. The basic materials company reported $3.20 earnings per share for the quarter, beating analysts’ consensus estimates of $3.04 by $0.16. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.04 billion. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. Equities analysts forecast that Air Products and Chemicals, Inc. will post 12.31 earnings per share for the current year.

About Air Products and Chemicals

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.