Soltis Investment Advisors LLC cut its stake in Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 17.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,368 shares of the basic materials company’s stock after selling 292 shares during the period. Soltis Investment Advisors LLC’s holdings in Air Products and Chemicals were worth $386,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. Saudi Central Bank purchased a new position in Air Products and Chemicals during the first quarter worth approximately $26,000. Cheviot Value Management LLC purchased a new position in shares of Air Products and Chemicals in the 1st quarter worth $27,000. Westside Investment Management Inc. boosted its holdings in Air Products and Chemicals by 228.1% in the second quarter. Westside Investment Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 73 shares during the last quarter. Financial Connections Group Inc. boosted its holdings in Air Products and Chemicals by 46.7% in the second quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 35 shares during the last quarter. Finally, Ransom Advisory Ltd purchased a new stake in Air Products and Chemicals during the first quarter valued at about $37,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.
Air Products and Chemicals Price Performance
Shares of APD stock opened at $259.50 on Friday. The firm has a fifty day simple moving average of $268.94 and a 200-day simple moving average of $278.07. The company has a market capitalization of $57.75 billion, a PE ratio of 37.34, a price-to-earnings-growth ratio of 5.16 and a beta of 0.81. Air Products and Chemicals, Inc. has a twelve month low of $235.55 and a twelve month high of $341.14. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the company. Mizuho set a $300.00 price objective on Air Products and Chemicals in a research note on Friday. UBS Group cut their price target on shares of Air Products and Chemicals from $350.00 to $310.00 and set a “buy” rating on the stock in a report on Friday. Citigroup decreased their price objective on shares of Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating for the company in a research note on Monday, October 6th. The Goldman Sachs Group set a $335.00 target price on shares of Air Products and Chemicals in a research note on Wednesday, October 1st. Finally, Argus raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a research report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Air Products and Chemicals presently has an average rating of “Moderate Buy” and a consensus target price of $315.83.
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.
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