E. Ohman J or Asset Management AB Cuts Stake in Air Products and Chemicals, Inc. (NYSE:APD)

E. Ohman J or Asset Management AB trimmed its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 7.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,000 shares of the basic materials company’s stock after selling 700 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Air Products and Chemicals were worth $2,680,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in APD. Wellington Management Group LLP purchased a new stake in Air Products and Chemicals in the 4th quarter worth $1,525,000. Financial Management Professionals Inc. boosted its stake in Air Products and Chemicals by 47.8% during the first quarter. Financial Management Professionals Inc. now owns 1,497 shares of the basic materials company’s stock valued at $363,000 after buying an additional 484 shares during the last quarter. Vicus Capital purchased a new position in Air Products and Chemicals during the 1st quarter valued at approximately $321,000. Symphony Financial Ltd. Co. increased its stake in Air Products and Chemicals by 19.7% in the 1st quarter. Symphony Financial Ltd. Co. now owns 2,268 shares of the basic materials company’s stock worth $549,000 after acquiring an additional 373 shares during the last quarter. Finally, Founders Financial Securities LLC raised its holdings in shares of Air Products and Chemicals by 140.6% during the 1st quarter. Founders Financial Securities LLC now owns 2,505 shares of the basic materials company’s stock worth $607,000 after acquiring an additional 1,464 shares in the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Trading Down 1.3 %

NYSE APD opened at $318.07 on Friday. The company’s 50-day simple moving average is $293.76 and its two-hundred day simple moving average is $270.95. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $332.42. The company has a market capitalization of $70.71 billion, a price-to-earnings ratio of 28.75, a price-to-earnings-growth ratio of 3.87 and a beta of 0.82. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.27.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Thursday, August 1st. The basic materials company reported $3.20 earnings per share for the quarter, topping analysts’ consensus estimates of $3.04 by $0.16. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.04 billion. Equities analysts forecast that Air Products and Chemicals, Inc. will post 12.33 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on APD. Barclays raised their target price on shares of Air Products and Chemicals from $290.00 to $295.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Redburn Atlantic upgraded shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price on the stock in a report on Friday. Vertical Research upgraded shares of 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. StockNews.com upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. Finally, 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 research report on Monday, August 5th. 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.com, Air Products and Chemicals currently has an average rating of “Moderate Buy” and an average target price of $326.12.

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.