Traphagen Investment Advisors LLC Sells 312 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Traphagen Investment Advisors LLC decreased its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 10.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,781 shares of the basic materials company’s stock after selling 312 shares during the quarter. Traphagen Investment Advisors LLC’s holdings in Air Products and Chemicals were worth $828,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in APD. Thompson Investment Management Inc. bought a new stake in shares of Air Products and Chemicals during the 1st quarter valued at $27,000. Meeder Asset Management Inc. purchased a new stake in Air Products and Chemicals in the second quarter worth about $32,000. Hexagon Capital Partners LLC raised its stake in shares of Air Products and Chemicals by 2,250.0% in the first quarter. Hexagon Capital Partners LLC now owns 141 shares of the basic materials company’s stock worth $34,000 after buying an additional 135 shares during the period. Trifecta Capital Advisors LLC raised its stake in shares of Air Products and Chemicals by 1,700.0% in the second quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock worth $37,000 after buying an additional 136 shares during the period. Finally, Beacon Capital Management LLC lifted its position in shares of Air Products and Chemicals by 128.8% during the 1st quarter. Beacon Capital Management LLC now owns 183 shares of the basic materials company’s stock valued at $44,000 after buying an additional 103 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on APD shares. The Goldman Sachs Group increased their target price on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Evercore ISI raised shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $305.00 to $365.00 in a research note on Monday, October 7th. Deutsche Bank Aktiengesellschaft cut shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and lowered their target price for the company from $310.00 to $280.00 in a research note on Monday, July 22nd. JPMorgan Chase & Co. increased their price target on Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, StockNews.com raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $320.82.

Air Products and Chemicals Trading Down 0.6 %

NYSE:APD traded down $1.98 during midday trading on Tuesday, hitting $329.58. 199,626 shares of the company traded hands, compared to its average volume of 1,616,432. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77. The firm’s fifty day moving average is $290.72 and its 200-day moving average is $269.55. The firm has a market capitalization of $73.27 billion, a P/E ratio of 29.92, a P/E/G ratio of 3.87 and a beta of 0.82. 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 (NYSE:APD) last released its quarterly earnings results on Thursday, August 1st. The basic materials company reported $3.20 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.04 billion. On average, sell-side analysts predict that Air Products and Chemicals, Inc. will post 12.33 EPS 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.