Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 2.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,374 shares of the basic materials company’s stock after selling 662 shares during the period. Mutual of America Capital Management LLC’s holdings in Air Products and Chemicals were worth $8,150,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of APD. BCGM Wealth Management LLC lifted its stake in Air Products and Chemicals by 4.4% during the 3rd quarter. BCGM Wealth Management LLC now owns 3,354 shares of the basic materials company’s stock worth $999,000 after acquiring an additional 140 shares in the last quarter. Schear Investment Advisers LLC lifted its stake in Air Products and Chemicals by 4.1% during the 3rd quarter. Schear Investment Advisers LLC now owns 3,730 shares of the basic materials company’s stock worth $1,111,000 after acquiring an additional 146 shares in the last quarter. Maxwell Wealth Strategies Inc. lifted its stake in Air Products and Chemicals by 1.9% during the 3rd quarter. Maxwell Wealth Strategies Inc. now owns 8,031 shares of the basic materials company’s stock worth $2,461,000 after acquiring an additional 146 shares in the last quarter. Natixis Advisors LLC lifted its stake in Air Products and Chemicals by 31.9% during the 3rd quarter. Natixis Advisors LLC now owns 156,833 shares of the basic materials company’s stock worth $46,695,000 after acquiring an additional 37,964 shares in the last quarter. Finally, Mizuho Markets Americas LLC lifted its stake in Air Products and Chemicals by 318.7% during the 3rd quarter. Mizuho Markets Americas LLC now owns 948,723 shares of the basic materials company’s stock worth $282,473,000 after acquiring an additional 722,132 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on APD shares. Barclays increased their target price on Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Mizuho upped their price target 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. Evercore ISI upgraded Air Products and Chemicals from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $305.00 to $365.00 in a report on Monday, October 7th. Wells Fargo & Company upped their price target on Air Products and Chemicals from $280.00 to $330.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Finally, UBS Group upgraded Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price target on the stock in a report on Monday. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and an average price target of $331.53.

Air Products and Chemicals Stock Up 3.4 %

Shares of NYSE APD opened at $327.90 on Tuesday. The stock has a market cap of $72.90 billion, a PE ratio of 19.09, a price-to-earnings-growth ratio of 3.18 and a beta of 0.81. 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 52-week low of $212.24 and a 52-week high of $332.42. The business has a 50-day moving average price of $306.64 and a 200 day moving average price of $280.86.

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.