Wealth Architects LLC Reduces Position in Air Products and Chemicals, Inc. (NYSE:APD)

Wealth Architects LLC lowered its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 6.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,634 shares of the basic materials company’s stock after selling 107 shares during the period. Wealth Architects LLC’s holdings in Air Products and Chemicals were worth $487,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital Research Global Investors lifted its position in Air Products and Chemicals by 62.3% during the 1st quarter. Capital Research Global Investors now owns 11,230,051 shares of the basic materials company’s stock worth $2,720,704,000 after acquiring an additional 4,309,040 shares during the period. Pathway Financial Advisers LLC raised its stake in shares of Air Products and Chemicals by 29,954.1% in the third quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company’s stock worth $861,722,000 after purchasing an additional 2,884,581 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of Air Products and Chemicals by 2,931.0% during the second quarter. National Bank of Canada FI now owns 1,796,531 shares of the basic materials company’s stock worth $444,352,000 after purchasing an additional 1,737,260 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Air Products and Chemicals by 127.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,792,470 shares of the basic materials company’s stock valued at $720,597,000 after buying an additional 1,564,169 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in Air Products and Chemicals by 1,685.4% in the 3rd quarter. Van ECK Associates Corp now owns 764,489 shares of the basic materials company’s stock worth $249,698,000 after buying an additional 721,671 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on APD shares. Mizuho lifted their price objective on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a research note on Wednesday, October 9th. Vertical Research raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price target on the stock in a report on Monday, October 7th. Barclays lifted their price objective on Air Products and Chemicals from $290.00 to $295.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft downgraded Air Products and Chemicals from a “buy” rating to a “hold” rating and lowered their target price for the stock from $310.00 to $280.00 in a research note on Monday, July 22nd. Finally, Jefferies Financial Group upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and lifted their price target for the company from $295.00 to $364.00 in a research report on Monday, October 7th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Air Products and Chemicals has a consensus rating of “Moderate Buy” and an average target price of $326.12.

Air Products and Chemicals Stock Up 0.1 %

NYSE APD opened at $306.73 on Thursday. 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 business’s fifty day simple moving average is $300.16 and its 200-day simple moving average is $276.13. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $332.42. The firm has a market cap of $68.19 billion, a PE ratio of 26.58, a P/E/G ratio of 3.25 and a beta of 0.81.

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.