Global X Japan Co. Ltd. Trims Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Global X Japan Co. Ltd. cut its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 10.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,621 shares of the basic materials company’s stock after selling 194 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Air Products and Chemicals were worth $483,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Private Advisor Group LLC increased its stake in Air Products and Chemicals by 5.9% in the third quarter. Private Advisor Group LLC now owns 32,553 shares of the basic materials company’s stock valued at $9,692,000 after purchasing an additional 1,800 shares during the last quarter. Symphony Financial Ltd. Co. raised its stake in Air Products and Chemicals by 8.0% during the third quarter. Symphony Financial Ltd. Co. now owns 3,112 shares of the basic materials company’s stock worth $935,000 after purchasing an additional 230 shares during the period. Waldron Private Wealth LLC boosted its holdings in shares of Air Products and Chemicals by 4.2% in the 3rd quarter. Waldron Private Wealth LLC now owns 1,350 shares of the basic materials company’s stock valued at $402,000 after purchasing an additional 55 shares during the last quarter. Eastern Bank grew its stake in shares of Air Products and Chemicals by 5.7% during the 3rd quarter. Eastern Bank now owns 74,607 shares of the basic materials company’s stock valued at $22,213,000 after buying an additional 4,046 shares during the period. Finally, Signaturefd LLC increased its holdings in shares of Air Products and Chemicals by 7.2% during the 3rd quarter. Signaturefd LLC now owns 3,947 shares of the basic materials company’s stock worth $1,175,000 after buying an additional 265 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut Air Products and Chemicals from a “buy” rating to a “hold” rating and reduced their target price for the company from $310.00 to $280.00 in a report on Monday, July 22nd. JPMorgan Chase & Co. lifted their price objective on Air Products and Chemicals from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Jefferies Financial Group raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and increased their target price for the stock from $295.00 to $364.00 in a research report on Monday, October 7th. Wells Fargo & Company lifted their price target 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. Finally, The Goldman Sachs Group increased their price objective on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Air Products and Chemicals has a consensus rating of “Moderate Buy” and a consensus target price of $320.82.

Air Products and Chemicals Trading Down 0.4 %

NYSE:APD opened at $330.38 on Wednesday. The stock has a market cap of $73.45 billion, a price-to-earnings ratio of 29.82, a price-to-earnings-growth ratio of 3.87 and a beta of 0.82. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $332.42. 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 business’s 50-day simple moving average is $291.79 and its 200 day simple moving average is $270.20.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, August 1st. The basic materials company reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.04 by $0.16. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.04 billion. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. As a group, sell-side analysts predict that Air Products and Chemicals, Inc. will post 12.33 earnings per share for the current fiscal year.

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.