Richard C. Young & CO. LTD. Decreases Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Richard C. Young & CO. LTD. cut its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 0.3% during the 3rd quarter, Holdings Channel reports. The firm owned 50,852 shares of the basic materials company’s stock after selling 177 shares during the period. Air Products and Chemicals makes up approximately 1.7% of Richard C. Young & CO. LTD.’s investment portfolio, making the stock its 27th biggest position. Richard C. Young & CO. LTD.’s holdings in Air Products and Chemicals were worth $15,141,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its holdings in Air Products and Chemicals by 0.3% in 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 during the period. CX Institutional lifted its holdings in shares of Air Products and Chemicals by 2.6% during the third quarter. CX Institutional now owns 1,343 shares of the basic materials company’s stock valued at $400,000 after purchasing an additional 34 shares in the last quarter. Bank of Stockton grew its stake in shares of Air Products and Chemicals by 1.9% in the third quarter. Bank of Stockton now owns 1,813 shares of the basic materials company’s stock worth $540,000 after acquiring an additional 34 shares during the period. Cape Investment Advisory Inc. raised its stake in Air Products and Chemicals by 1.0% during 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 last quarter. Finally, Exchange Traded Concepts LLC boosted its position in 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 worth $60,000 after purchasing an additional 37 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

APD opened at $317.10 on Monday. The company has a market cap of $70.50 billion, a P/E ratio of 18.46, a price-to-earnings-growth ratio of 3.18 and a beta of 0.81. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $332.42. The firm’s 50-day moving average price is $305.56 and its 200-day moving average price is $280.26.

Analyst Upgrades and Downgrades

Several research firms have recently commented on APD. Vertical Research raised 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 price objective on Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft cut Air Products and Chemicals from a “buy” rating to a “hold” rating and dropped their target price for the stock from $310.00 to $280.00 in a report on Monday, July 22nd. Citigroup increased their price objective on shares of 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. Finally, Wells Fargo & Company raised their price target on shares of 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. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Air Products and Chemicals currently has an average rating of “Moderate Buy” and an average price target of $329.76.

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.