Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Harfst & Associates Inc.

Harfst & Associates Inc. decreased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 39.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,892 shares of the basic materials company’s stock after selling 1,212 shares during the quarter. Harfst & Associates Inc.’s holdings in Air Products and Chemicals were worth $563,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. CX Institutional lifted its position in shares of Air Products and Chemicals by 2.6% in 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. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its stake 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 in the last quarter. Cape Investment Advisory Inc. increased its holdings 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 buying an additional 37 shares during the period. Exchange Traded Concepts LLC raised its stake in shares of Air Products and Chemicals by 22.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 203 shares of the basic materials company’s stock valued at $60,000 after buying an additional 37 shares in the last quarter. Finally, First Citizens Bank & Trust Co. boosted its position in shares of Air Products and Chemicals by 0.4% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 10,906 shares of the basic materials company’s stock valued at $2,814,000 after acquiring an additional 39 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Up 1.0 %

APD stock traded up $3.33 during midday trading on Friday, reaching $332.10. The stock had a trading volume of 1,074,148 shares, compared to its average volume of 1,627,201. 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 twelve month low of $212.24 and a twelve month high of $332.17. The firm has a market cap of $73.83 billion, a price-to-earnings ratio of 29.97, a PEG ratio of 3.87 and a beta of 0.82. The business has a fifty day simple moving average of $289.56 and a two-hundred day simple moving average of $268.48.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, August 1st. The basic materials company reported $3.20 earnings per share for the quarter, beating the consensus estimate 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 business 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 fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on APD. 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 note on Friday. The Goldman Sachs Group upped their price target on Air Products and Chemicals from $291.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Citigroup lifted their price objective on Air Products and Chemicals from $330.00 to $345.00 and gave the company a “buy” rating in a report on Monday, October 7th. StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. Finally, Mizuho boosted their price target 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 research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Air Products and Chemicals currently has an average rating of “Moderate Buy” and an average target price 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.