Cypress Capital Group Trims Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Cypress Capital Group trimmed its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 4.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,538 shares of the basic materials company’s stock after selling 334 shares during the quarter. Cypress Capital Group’s holdings in Air Products and Chemicals were worth $2,244,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of APD. Meeder Asset Management Inc. acquired a new position in shares of Air Products and Chemicals in the 2nd quarter worth approximately $32,000. Iron Horse Wealth Management LLC lifted its stake in Air Products and Chemicals by 88.7% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 55 shares in the last quarter. Trifecta Capital Advisors LLC boosted its holdings in Air Products and Chemicals by 1,700.0% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 136 shares during the period. Prospera Private Wealth LLC acquired a new position in Air Products and Chemicals in the 3rd quarter valued at about $42,000. Finally, Beacon Capital Management LLC grew its position in Air Products and Chemicals by 128.8% in the 1st quarter. Beacon Capital Management LLC now owns 183 shares of the basic materials company’s stock valued at $44,000 after acquiring an additional 103 shares in the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

APD has been the subject of several recent research reports. Wells Fargo & Company raised 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 note on Friday, October 11th. Mizuho increased their price target on 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. Citigroup boosted their price objective on Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. 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 research note on Friday, October 25th. Finally, 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 report on Monday, October 7th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Air Products and Chemicals has an average rating of “Moderate Buy” and a consensus target price of $331.53.

Air Products and Chemicals Trading Down 0.0 %

Shares of Air Products and Chemicals stock opened at $327.85 on Thursday. The company has a 50-day moving average of $308.70 and a two-hundred day moving average of $281.76. The stock has a market cap of $72.88 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 3.18 and a beta of 0.81. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $332.42.

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.