Lindbrook Capital LLC Lowers Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Lindbrook Capital LLC cut its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 4.3% during the third quarter, Holdings Channel reports. The firm owned 3,503 shares of the basic materials company’s stock after selling 159 shares during the quarter. Lindbrook Capital LLC’s holdings in Air Products and Chemicals were worth $1,043,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Envestnet Portfolio Solutions Inc. grew its stake in Air Products and Chemicals by 29.8% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 12,772 shares of the basic materials company’s stock worth $3,094,000 after purchasing an additional 2,929 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Air Products and Chemicals by 280.0% during the first quarter. Empowered Funds LLC now owns 12,211 shares of the basic materials company’s stock worth $2,958,000 after buying an additional 8,998 shares during the period. Atomi Financial Group Inc. raised its holdings in Air Products and Chemicals by 207.3% in the first quarter. Atomi Financial Group Inc. now owns 2,492 shares of the basic materials company’s stock valued at $604,000 after acquiring an additional 1,681 shares in the last quarter. Sei Investments Co. lifted its stake in Air Products and Chemicals by 18.0% in the first quarter. Sei Investments Co. now owns 76,476 shares of the basic materials company’s stock worth $18,526,000 after acquiring an additional 11,691 shares during the last quarter. Finally, Choate Investment Advisors grew its holdings in Air Products and Chemicals by 12.5% during the 1st quarter. Choate Investment Advisors now owns 6,136 shares of the basic materials company’s stock worth $1,487,000 after acquiring an additional 680 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Stock Up 0.1 %

APD opened at $312.99 on Friday. The business has a 50 day moving average price of $301.56 and a two-hundred day moving average price of $276.93. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $332.42. The company has a market cap of $69.58 billion, a PE ratio of 27.12, a P/E/G ratio of 3.22 and a beta of 0.81. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.77.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, November 7th. The basic materials company reported $3.56 earnings per share for the quarter, topping the consensus estimate of $3.44 by $0.12. The firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.19 billion. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. As a group, research analysts anticipate that Air Products and Chemicals, Inc. will post 12.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Barclays raised their price objective on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the company an “equal weight” rating in a report on Friday. Vertical Research upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price target on the stock in a research note on Monday, October 7th. Mizuho upped their price objective on Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. Citigroup raised their target price on Air Products and Chemicals from $330.00 to $345.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Finally, BMO Capital Markets upped their price target on Air Products and Chemicals from $300.00 to $323.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $327.00.

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.