ERTS Wealth Advisors LLC Has $328,000 Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

ERTS Wealth Advisors LLC decreased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 8.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,100 shares of the basic materials company’s stock after selling 107 shares during the period. ERTS Wealth Advisors LLC’s holdings in Air Products and Chemicals were worth $328,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Avantax Advisory Services Inc. raised its holdings in shares of Air Products and Chemicals by 151.3% during the 1st quarter. Avantax Advisory Services Inc. now owns 24,881 shares of the basic materials company’s stock worth $6,028,000 after buying an additional 14,981 shares in the last quarter. 1832 Asset Management L.P. raised its stake in Air Products and Chemicals by 3.6% during the first quarter. 1832 Asset Management L.P. now owns 67,507 shares of the basic materials company’s stock worth $16,355,000 after acquiring an additional 2,321 shares in the last quarter. Woodstock Corp lifted its holdings in shares of Air Products and Chemicals by 6.5% in the third quarter. Woodstock Corp now owns 38,976 shares of the basic materials company’s stock worth $11,605,000 after acquiring an additional 2,387 shares during the last quarter. Trilogy Capital Inc. acquired a new stake in shares of Air Products and Chemicals in the 1st quarter valued at approximately $2,625,000. Finally, FORA Capital LLC grew its holdings in shares of Air Products and Chemicals by 13.0% during the 1st quarter. FORA Capital LLC now owns 33,823 shares of the basic materials company’s stock valued at $8,194,000 after purchasing an additional 3,881 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on APD shares. Wells Fargo & Company raised their target price on shares of Air Products and Chemicals from $280.00 to $330.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. 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 report on Monday, October 7th. UBS Group boosted their price objective on Air Products and Chemicals from $307.00 to $345.00 and gave the stock a “neutral” rating in a research report on Tuesday. Mizuho increased their target price on Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a research report on Wednesday, October 9th. Finally, Citigroup boosted their price target on Air Products and Chemicals from $330.00 to $345.00 and gave the stock a “buy” rating in a report on Monday, October 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $320.24.

Air Products and Chemicals Trading Down 0.0 %

Shares of NYSE:APD traded down $0.07 during midday trading on Friday, reaching $328.70. The company’s stock had a trading volume of 144,568 shares, compared to its average volume of 1,622,469. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $330.00. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.27. The firm has a 50 day moving average price of $288.49 and a two-hundred day moving average price of $267.87. The firm has a market capitalization of $73.07 billion, a price-to-earnings ratio of 29.68, a PEG ratio of 3.87 and a beta of 0.82.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Thursday, August 1st. The basic materials company reported $3.20 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.16. The company 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, analysts forecast that Air Products and Chemicals, Inc. will post 12.33 earnings per share for the current 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.