Stratos Wealth Partners LTD. Reduces Position in Air Products and Chemicals, Inc. (NYSE:APD)

Stratos Wealth Partners LTD. decreased its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 7.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,383 shares of the basic materials company’s stock after selling 1,538 shares during the period. Stratos Wealth Partners LTD.’s holdings in Air Products and Chemicals were worth $6,069,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Thompson Investment Management Inc. acquired a new stake in shares of Air Products and Chemicals in the first quarter valued at approximately $27,000. Meeder Asset Management Inc. acquired a new stake in shares of Air Products and Chemicals in the 2nd quarter worth $32,000. Hexagon Capital Partners LLC raised its holdings in shares of Air Products and Chemicals by 2,250.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 141 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 135 shares during the period. Trifecta Capital Advisors LLC boosted its position in shares of Air Products and Chemicals by 1,700.0% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 136 shares during the last quarter. Finally, OFI Invest Asset Management grew its holdings in shares of Air Products and Chemicals by 104.3% in the first quarter. OFI Invest Asset Management now owns 188 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 96 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Performance

NYSE:APD opened at $332.10 on Friday. The company has a market cap of $73.83 billion, a price-to-earnings ratio of 29.97, a price-to-earnings-growth ratio of 3.87 and a beta of 0.82. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.77. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $332.17. The company has a fifty day simple moving average of $289.56 and a two-hundred day simple moving average of $268.68.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Thursday, August 1st. The basic materials company reported $3.20 EPS for the quarter, topping the consensus estimate of $3.04 by $0.16. The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations 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 analysts anticipate that Air Products and Chemicals, Inc. will post 12.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on APD. Wells Fargo & Company lifted their target price on shares of 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. BMO Capital Markets upped their price objective on Air Products and Chemicals from $300.00 to $323.00 and gave the company an “outperform” rating in a report on Monday, August 5th. StockNews.com upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. lifted their target price on Air Products and Chemicals from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Evercore ISI upgraded Air Products and Chemicals from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $305.00 to $365.00 in a report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Air Products and Chemicals currently has an average rating of “Moderate Buy” and a consensus price target of $320.82.

Air Products and Chemicals Company 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.