First Western Trust Bank lowered its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 3.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,599 shares of the basic materials company’s stock after selling 192 shares during the period. First Western Trust Bank’s holdings in Air Products and Chemicals were worth $1,579,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in APD. Brighton Jones LLC increased its stake in shares of Air Products and Chemicals by 14.5% during the 4th quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company’s stock worth $945,000 after purchasing an additional 412 shares during the last quarter. Bison Wealth LLC acquired a new stake in Air Products and Chemicals in the 4th quarter valued at about $245,000. CWM LLC grew its holdings in Air Products and Chemicals by 0.8% during the first quarter. CWM LLC now owns 6,822 shares of the basic materials company’s stock worth $2,012,000 after purchasing an additional 54 shares during the period. Wealthfront Advisers LLC increased its position in Air Products and Chemicals by 9.3% during the first quarter. Wealthfront Advisers LLC now owns 15,958 shares of the basic materials company’s stock worth $4,706,000 after buying an additional 1,357 shares during the last quarter. Finally, Bridgewater Advisors Inc. bought a new stake in Air Products and Chemicals in the first quarter valued at approximately $261,000. 81.66% of the stock is owned by institutional investors.
Air Products and Chemicals Trading Down 0.3%
Shares of Air Products and Chemicals stock opened at $261.42 on Thursday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.29. The firm has a 50-day moving average of $267.02 and a 200-day moving average of $278.02. Air Products and Chemicals, Inc. has a 52-week low of $235.55 and a 52-week high of $341.14. The stock has a market cap of $58.18 billion, a PE ratio of 37.61, a PEG ratio of 5.16 and a beta of 0.81.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on APD. The Goldman Sachs Group set a $335.00 target price on Air Products and Chemicals in a research note on Wednesday, October 1st. Argus raised Air Products and Chemicals from a “hold” rating to a “buy” rating in a report on Friday, September 12th. Royal Bank Of Canada reduced their price objective on shares of Air Products and Chemicals from $350.00 to $325.00 and set an “outperform” rating for the company in a research report on Friday, November 7th. UBS Group dropped their price objective on shares of Air Products and Chemicals from $350.00 to $310.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Finally, Wells Fargo & Company reduced their target price on shares of Air Products and Chemicals from $345.00 to $330.00 and set an “overweight” rating for the company in a report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Air Products and Chemicals has an average rating of “Moderate Buy” and an average target price of $316.54.
View Our Latest Stock Report on APD
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.
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