Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Legacy Financial Strategies LLC

Legacy Financial Strategies LLC cut its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,727 shares of the basic materials company’s stock after selling 101 shares during the quarter. Legacy Financial Strategies LLC’s holdings in Air Products and Chemicals were worth $2,896,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of APD. Thompson Investment Management Inc. acquired a new position in Air Products and Chemicals in the first quarter valued at $27,000. Meeder Asset Management Inc. acquired a new position in Air Products and Chemicals in the second quarter valued at $32,000. Hexagon Capital Partners LLC increased its stake in 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 valued at $34,000 after purchasing an additional 135 shares during the period. Trifecta Capital Advisors LLC boosted its holdings 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 valued at $37,000 after acquiring an additional 136 shares in the last quarter. Finally, OFI Invest Asset Management boosted its holdings in shares of Air Products and Chemicals by 104.3% in the first quarter. OFI Invest Asset Management now owns 188 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 96 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Price Performance

APD traded up $3.33 during midday trading on Friday, reaching $332.10. 1,074,148 shares of the company’s stock were exchanged, compared to its average volume of 1,627,201. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 1.10. The stock has a market capitalization of $73.83 billion, a PE ratio of 29.97, a P/E/G ratio of 3.87 and a beta of 0.82. The business’s 50-day moving average price is $289.56 and its 200 day moving average price is $268.48. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year high of $332.17.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, August 1st. The basic materials company reported $3.20 earnings per share for the quarter, beating analysts’ consensus estimates of $3.04 by $0.16. The business had revenue of $2.99 billion during 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%. As a group, equities analysts anticipate that Air Products and Chemicals, Inc. will post 12.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on APD shares. The Goldman Sachs Group lifted their target price on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the company a “buy” rating in a report on Monday, August 5th. Citigroup lifted their target price on shares of Air Products and Chemicals from $330.00 to $345.00 and gave the company a “buy” rating in a report on Monday, October 7th. StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. Barclays lifted 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 report on Monday, August 5th. Finally, UBS Group boosted their price objective on shares of Air Products and Chemicals from $307.00 to $345.00 and gave the stock a “neutral” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and an average price target of $320.82.

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.