Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by NorthRock Partners LLC

NorthRock Partners LLC decreased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 15.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,422 shares of the basic materials company’s stock after selling 255 shares during the period. NorthRock Partners LLC’s holdings in Air Products and Chemicals were worth $423,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of APD. Meeder Asset Management Inc. acquired a new stake in shares of Air Products and Chemicals during the second quarter worth about $32,000. Iron Horse Wealth Management LLC boosted its position in Air Products and Chemicals by 88.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after buying an additional 55 shares during the period. Trifecta Capital Advisors LLC grew its stake 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 worth $37,000 after acquiring an additional 136 shares in the last quarter. Beacon Capital Management LLC increased its position in shares of Air Products and Chemicals by 128.8% during the first quarter. Beacon Capital Management LLC now owns 183 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 103 shares during the period. Finally, Valued Wealth Advisors LLC raised its stake in shares of Air Products and Chemicals by 1,425.0% in the second quarter. Valued Wealth Advisors LLC now owns 183 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 171 shares in the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Citigroup upped 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. Evercore ISI upgraded shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $305.00 to $365.00 in a research note on Monday, October 7th. The Goldman Sachs Group lifted their price target on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. Finally, Vertical Research raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price objective for the company in a research report on Monday, October 7th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $326.12.

Air Products and Chemicals Stock Up 0.1 %

Shares of NYSE APD opened at $306.35 on Wednesday. The business has a 50-day moving average price of $299.56 and a 200 day moving average price of $275.91. The stock has a market cap of $68.11 billion, a PE ratio of 26.55, a price-to-earnings-growth ratio of 3.25 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, Inc. has a 52-week low of $212.24 and a 52-week high of $332.42.

Air Products and Chemicals Company 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.