Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Dillon & Associates Inc.

Dillon & Associates Inc. reduced its position in Air Products and Chemicals, Inc. (NYSE:APD) by 0.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 57,996 shares of the basic materials company’s stock after selling 316 shares during the quarter. Air Products and Chemicals comprises about 2.4% of Dillon & Associates Inc.’s holdings, making the stock its 11th largest position. Dillon & Associates Inc.’s holdings in Air Products and Chemicals were worth $17,283,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in APD. Meeder Asset Management Inc. purchased a new position in shares of Air Products and Chemicals during the 2nd quarter worth approximately $32,000. Iron Horse Wealth Management LLC raised its position in Air Products and Chemicals by 88.7% in the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 55 shares in the last quarter. Trifecta Capital Advisors LLC lifted its holdings in 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 during the period. Beacon Capital Management LLC boosted 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 worth $44,000 after purchasing an additional 103 shares in the last quarter. Finally, Valued Wealth Advisors LLC grew its stake in shares of Air Products and Chemicals by 1,425.0% during the 2nd quarter. Valued Wealth Advisors LLC now owns 183 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 171 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on APD. Redburn Atlantic raised shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price for the company in a report on Friday, October 25th. Vertical Research raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price objective for the company in a report on Monday, October 7th. Mizuho upped their target price on Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft downgraded Air Products and Chemicals from a “buy” rating to a “hold” rating and cut their price target for the stock from $310.00 to $280.00 in a research note on Monday, July 22nd. Finally, Barclays raised their target price 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, November 8th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $328.18.

Air Products and Chemicals Price Performance

Shares of NYSE APD opened at $311.13 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $332.42. The business has a 50 day moving average price of $302.27 and a two-hundred day moving average price of $278.09. The firm has a market cap of $69.17 billion, a PE ratio of 18.11, a price-to-earnings-growth ratio of 3.46 and a beta of 0.81.

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.