National Pension Service lessened its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 6.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 494,297 shares of the basic materials company’s stock after selling 34,533 shares during the quarter. National Pension Service owned about 0.22% of Air Products and Chemicals worth $139,421,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Financial Connections Group Inc. raised its holdings in shares of Air Products and Chemicals by 46.7% in the 2nd quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock worth $31,000 after buying an additional 35 shares in the last quarter. Meadow Creek Wealth Advisors LLC increased its holdings in Air Products and Chemicals by 1.6% in the second quarter. Meadow Creek Wealth Advisors LLC now owns 2,276 shares of the basic materials company’s stock valued at $642,000 after purchasing an additional 35 shares during the last quarter. Atlatl Advisers LLC grew its holdings in Air Products and Chemicals by 2.5% during the second quarter. Atlatl Advisers LLC now owns 1,488 shares of the basic materials company’s stock valued at $420,000 after purchasing an additional 37 shares during the period. GPS Wealth Strategies Group LLC grew its stake in Air Products and Chemicals by 7.0% in the second quarter. GPS Wealth Strategies Group LLC now owns 568 shares of the basic materials company’s stock valued at $160,000 after acquiring an additional 37 shares during the period. Finally, Hamilton Capital LLC lifted its stake in Air Products and Chemicals by 1.5% in the first quarter. Hamilton Capital LLC now owns 2,594 shares of the basic materials company’s stock valued at $765,000 after buying an additional 38 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.
Air Products and Chemicals Stock Performance
Air Products and Chemicals stock opened at $261.42 on Thursday. Air Products and Chemicals, Inc. has a 1-year low of $235.55 and a 1-year high of $341.14. The firm’s 50 day simple moving average is $267.02 and its 200 day simple moving average is $278.02. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $58.18 billion, a PE ratio of 37.61, a price-to-earnings-growth ratio of 5.16 and a beta of 0.81.
Wall Street Analysts Forecast Growth
APD has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price target on Air Products and Chemicals from $275.00 to $260.00 and set a “neutral” rating for the company in a research report on Friday, November 7th. Evercore ISI lowered their target price on Air Products and Chemicals from $375.00 to $325.00 and set an “outperform” rating for the company in a research note on Tuesday. UBS Group reduced their target price 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, November 7th. Royal Bank Of Canada lowered their target price on shares of Air Products and Chemicals from $350.00 to $325.00 and set an “outperform” rating for the company in a research note on Friday, November 7th. Finally, Mizuho set a $300.00 price target on shares of Air Products and Chemicals in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $316.54.
Read Our Latest Research Report on Air Products and Chemicals
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.
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