BKM Wealth Management LLC Sells 2,066 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

BKM Wealth Management LLC reduced its position in Air Products and Chemicals, Inc. (NYSE:APD) by 70.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 865 shares of the basic materials company’s stock after selling 2,066 shares during the period. BKM Wealth Management LLC’s holdings in Air Products and Chemicals were worth $258,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in APD. Wellington Management Group LLP bought a new stake in Air Products and Chemicals in the 4th quarter valued at about $1,525,000. Vicus Capital bought a new stake in Air Products and Chemicals in the 1st quarter valued at about $321,000. Founders Financial Securities LLC raised its stake in Air Products and Chemicals by 140.6% in the 1st quarter. Founders Financial Securities LLC now owns 2,505 shares of the basic materials company’s stock valued at $607,000 after acquiring an additional 1,464 shares during the period. Trilogy Capital Inc. bought a new stake in Air Products and Chemicals in the 1st quarter valued at about $2,625,000. Finally, Chapin Davis Inc. raised its stake in Air Products and Chemicals by 67.3% in the 1st quarter. Chapin Davis Inc. now owns 6,015 shares of the basic materials company’s stock valued at $1,457,000 after acquiring an additional 2,420 shares during the period. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Price Performance

Shares of Air Products and Chemicals stock opened at $318.02 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.77. The company has a market cap of $70.70 billion, a PE ratio of 28.70, a P/E/G ratio of 3.87 and a beta of 0.82. The business has a 50 day moving average of $294.60 and a 200 day moving average of $271.73. 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 (NYSE:APD) last announced its earnings results on Thursday, August 1st. The basic materials company reported $3.20 EPS for the quarter, beating analysts’ consensus estimates of $3.04 by $0.16. The company had revenue of $2.99 billion during 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, equities research analysts forecast that Air Products and Chemicals, Inc. will post 12.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on APD shares. Citigroup upped their price target on Air Products and Chemicals from $330.00 to $345.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Mizuho upped their price target 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. UBS Group upped their price target on Air Products and Chemicals from $307.00 to $345.00 and gave the company a “neutral” rating in a research report on Tuesday, October 15th. Barclays upped their price objective on shares of Air Products and Chemicals from $290.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $310.00 to $280.00 in a research report on Monday, July 22nd. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Air Products and Chemicals currently has an average rating of “Moderate Buy” and an average target price of $326.12.

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.