KCM Investment Advisors LLC Sells 451 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

KCM Investment Advisors LLC trimmed its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 1.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,975 shares of the basic materials company’s stock after selling 451 shares during the period. KCM Investment Advisors LLC’s holdings in Air Products and Chemicals were worth $13,689,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in APD. Meeder Asset Management Inc. bought a new position in Air Products and Chemicals in the 2nd quarter worth approximately $32,000. Iron Horse Wealth Management LLC increased its position in Air Products and Chemicals by 88.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after buying an additional 55 shares during the period. Trifecta Capital Advisors LLC increased its position in Air Products and Chemicals by 1,700.0% in the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock worth $37,000 after buying an additional 136 shares during the period. Beacon Capital Management LLC increased its position in Air Products and Chemicals by 128.8% in the 1st quarter. Beacon Capital Management LLC now owns 183 shares of the basic materials company’s stock worth $44,000 after buying an additional 103 shares during the period. Finally, Valued Wealth Advisors LLC grew 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 worth $47,000 after purchasing an additional 171 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on APD shares. Deutsche Bank Aktiengesellschaft lowered 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 report on Monday, July 22nd. StockNews.com raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. BMO Capital Markets lifted their price objective on Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday. The Goldman Sachs Group lifted their price objective on Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Finally, Mizuho lifted their price objective on Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a report on Wednesday, October 9th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $329.76.

Air Products and Chemicals Price Performance

APD traded down $0.99 during trading on Friday, hitting $314.89. The company’s stock had a trading volume of 130,558 shares, compared to its average volume of 1,605,625. The firm’s 50 day moving average price is $304.59 and its two-hundred day moving average price is $279.11. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $332.42. The stock has a market capitalization of $70.00 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 3.14 and a beta of 0.81.

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.