Air Products and Chemicals, Inc. (NYSE:APD) Stock Holdings Lowered by Telos Capital Management Inc.

Telos Capital Management Inc. cut its position in Air Products and Chemicals, Inc. (NYSE:APD) by 0.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 27,825 shares of the basic materials company’s stock after selling 125 shares during the quarter. Telos Capital Management Inc.’s holdings in Air Products and Chemicals were worth $8,285,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CX Institutional boosted 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 buying an additional 34 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its position in Air Products and Chemicals by 0.3% during the 3rd 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 acquiring an additional 34 shares during the last quarter. Cape Investment Advisory Inc. boosted 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 acquiring an additional 37 shares during the period. Exchange Traded Concepts LLC grew 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 valued at $60,000 after purchasing an additional 37 shares during the last quarter. 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 during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Down 0.2 %

Shares of NYSE:APD opened at $331.56 on Tuesday. The company’s fifty day moving average is $290.72 and its 200-day moving average is $269.55. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.27. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $332.42. The company has a market capitalization of $73.71 billion, a PE ratio of 29.92, a P/E/G ratio of 3.87 and a beta of 0.82.

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, beating analysts’ consensus estimates of $3.04 by $0.16. The firm had revenue of $2.99 billion for 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 research analysts predict that Air Products and Chemicals, Inc. will post 12.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

APD has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft downgraded Air Products and Chemicals from a “buy” rating to a “hold” rating and decreased their target price for the company from $310.00 to $280.00 in a research note on Monday, July 22nd. Vertical Research upgraded shares of 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. Barclays upped their target price on shares of Air Products and Chemicals from $290.00 to $295.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Jefferies Financial Group upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and raised their price target for the stock from $295.00 to $364.00 in a research report on Monday, October 7th. Finally, Wells Fargo & Company upped their price objective on shares of Air Products and Chemicals from $280.00 to $330.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. 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 a consensus rating of “Moderate Buy” and an average price target of $320.82.

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.