Air Products and Chemicals, Inc. (NYSE:APD) Stock Holdings Cut by First Western Trust Bank

First Western Trust Bank lessened its position in Air Products and Chemicals, Inc. (NYSE:APD) by 18.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,590 shares of the basic materials company’s stock after selling 1,529 shares during the period. First Western Trust Bank’s holdings in Air Products and Chemicals were worth $1,962,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Covestor Ltd increased its position in shares of Air Products and Chemicals by 28.4% in the first quarter. Covestor Ltd now owns 628 shares of the basic materials company’s stock worth $153,000 after acquiring an additional 139 shares in the last quarter. Rockport Wealth LLC purchased a new position in Air Products and Chemicals during the 1st quarter worth approximately $215,000. UniSuper Management Pty Ltd raised its stake in Air Products and Chemicals by 103.4% during the 1st quarter. UniSuper Management Pty Ltd now owns 6,849 shares of the basic materials company’s stock valued at $1,659,000 after purchasing an additional 3,482 shares during the period. PYA Waltman Capital LLC raised its stake in Air Products and Chemicals by 14.9% during the 1st quarter. PYA Waltman Capital LLC now owns 3,077 shares of the basic materials company’s stock valued at $746,000 after purchasing an additional 399 shares during the period. Finally, Atlanta Consulting Group Advisors LLC purchased a new stake in shares of Air Products and Chemicals in the first quarter valued at $263,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on APD. Wells Fargo & Company increased their price objective on Air Products and Chemicals from $280.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft downgraded shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and lowered their price objective for the company from $310.00 to $280.00 in a research report on Monday, July 22nd. JPMorgan Chase & Co. cut their target price on shares of Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Vertical Research upgraded 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. Finally, UBS Group upgraded Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price objective for the company in a report on Monday. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $331.53.

Air Products and Chemicals Stock Performance

Shares of NYSE:APD opened at $317.10 on Monday. The stock has a market capitalization of $70.50 billion, a price-to-earnings ratio of 18.46, a price-to-earnings-growth ratio of 3.18 and a beta of 0.81. The business’s fifty day moving average price is $305.56 and its two-hundred day moving average price is $280.26. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $332.42. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34.

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.