Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Bridges Investment Management Inc.

Bridges Investment Management Inc. lessened its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 7.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,564 shares of the basic materials company’s stock after selling 194 shares during the period. Bridges Investment Management Inc.’s holdings in Air Products and Chemicals were worth $763,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new position in Air Products and Chemicals in the second quarter valued at approximately $32,000. Iron Horse Wealth Management LLC raised its position in Air Products and Chemicals by 88.7% in the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 55 shares during the period. Trifecta Capital Advisors LLC lifted its stake in shares of Air Products and Chemicals by 1,700.0% during the second quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 136 shares in the last quarter. Beacon Capital Management LLC grew its stake in shares of Air Products and Chemicals by 128.8% in the first quarter. Beacon Capital Management LLC now owns 183 shares of the basic materials company’s stock valued at $44,000 after buying an additional 103 shares in the last quarter. Finally, Valued Wealth Advisors LLC raised its holdings in shares of Air Products and Chemicals by 1,425.0% during the 2nd quarter. Valued Wealth Advisors LLC now owns 183 shares of the basic materials company’s stock valued at $47,000 after buying an additional 171 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on APD. UBS Group upped their price target on Air Products and Chemicals from $307.00 to $345.00 and gave the stock a “neutral” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. decreased 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 note on Friday. Barclays lifted their price target on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a research note on Friday. Mizuho upped 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 report on Wednesday, October 9th. Finally, Vertical Research raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 target price on the stock in a research report on Monday, October 7th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $327.00.

Air Products and Chemicals Stock Up 0.1 %

Shares of APD stock opened at $312.99 on Friday. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $332.42. The company has a market capitalization of $69.58 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 3.22 and a beta of 0.81. 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 stock’s 50 day simple moving average is $301.56 and its 200 day simple moving average is $276.93.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Thursday, November 7th. The basic materials company reported $3.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.44 by $0.12. The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.19 billion. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. As a group, research analysts predict that Air Products and Chemicals, Inc. will post 12.31 EPS for the current 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.