Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Ramsay Stattman Vela & Price Inc.

Ramsay Stattman Vela & Price Inc. lessened its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 8.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,147 shares of the basic materials company’s stock after selling 1,469 shares during the period. Ramsay Stattman Vela & Price Inc.’s holdings in Air Products and Chemicals were worth $4,510,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Iron Horse Wealth Management LLC increased its position in Air Products and Chemicals by 88.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 55 shares during the period. Meeder Asset Management Inc. acquired a new position in Air Products and Chemicals during the 2nd quarter worth approximately $32,000. Hexagon Capital Partners LLC increased its position in Air Products and Chemicals by 2,250.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 141 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 135 shares during the period. Trifecta Capital Advisors LLC increased its position 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 worth $37,000 after purchasing an additional 136 shares during the period. Finally, Beacon Capital Management LLC increased its position in 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 worth $44,000 after purchasing an additional 103 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Jefferies Financial Group upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and boosted their target price for the stock from $295.00 to $364.00 in a research report on Monday, October 7th. Wells Fargo & Company boosted their price target on Air Products and Chemicals from $280.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft lowered Air Products and Chemicals from a “buy” rating to a “hold” rating and decreased their price target for the stock from $310.00 to $280.00 in a research note on Monday, July 22nd. Barclays boosted their price target on Air Products and Chemicals from $290.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. Finally, Mizuho boosted their price target on Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 9th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $326.12.

Air Products and Chemicals Trading Down 0.5 %

Shares of Air Products and Chemicals stock traded down $1.68 during trading hours on Tuesday, reaching $316.58. 284,792 shares of the company’s stock were exchanged, compared to its average volume of 1,608,603. 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 $70.38 billion, a price-to-earnings ratio of 28.72, a price-to-earnings-growth ratio of 3.87 and a beta of 0.82. The company has a fifty day moving average of $295.48 and a 200-day moving average of $272.56. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data 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. The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.04 billion. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. Sell-side analysts forecast that Air Products and Chemicals, Inc. will post 12.33 EPS for the current fiscal year.

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.