Air Products and Chemicals, Inc. $APD Shares Sold by Sigma Planning Corp

Sigma Planning Corp lowered its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 16.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 4,277 shares of the basic materials company’s stock after selling 841 shares during the quarter. Sigma Planning Corp’s holdings in Air Products and Chemicals were worth $1,206,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Financial Connections Group Inc. lifted its position in Air Products and Chemicals by 46.7% in the second quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock valued at $31,000 after buying an additional 35 shares during the last quarter. Meadow Creek Wealth Advisors LLC lifted its position in shares of Air Products and Chemicals by 1.6% during the second quarter. Meadow Creek Wealth Advisors LLC now owns 2,276 shares of the basic materials company’s stock worth $642,000 after purchasing an additional 35 shares in the last quarter. Atlatl Advisers LLC lifted its position in shares of Air Products and Chemicals by 2.5% during the second quarter. Atlatl Advisers LLC now owns 1,488 shares of the basic materials company’s stock worth $420,000 after purchasing an additional 37 shares in the last quarter. Hamilton Capital LLC lifted its position in shares of Air Products and Chemicals by 1.5% during the first quarter. Hamilton Capital LLC now owns 2,594 shares of the basic materials company’s stock worth $765,000 after purchasing an additional 38 shares in the last quarter. Finally, DB Fitzpatrick & Co Inc lifted its position in shares of Air Products and Chemicals by 1.0% during the second quarter. DB Fitzpatrick & Co Inc now owns 3,860 shares of the basic materials company’s stock worth $1,089,000 after purchasing an additional 38 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Wall Street Zen raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Wells Fargo & Company increased their price target on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the stock an “overweight” rating in a research report on Monday, July 14th. The Goldman Sachs Group set a $335.00 price target on shares of Air Products and Chemicals in a research report on Wednesday, October 1st. Mizuho increased their price target on shares of Air Products and Chemicals from $310.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. Finally, UBS Group reduced their price target on shares of Air Products and Chemicals from $354.00 to $350.00 and set a “buy” rating on the stock in a research report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Air Products and Chemicals presently has an average rating of “Moderate Buy” and an average target price of $330.00.

Air Products and Chemicals Stock Down 1.5%

APD stock opened at $237.17 on Thursday. The company’s 50 day moving average price is $270.36 and its 200 day moving average price is $278.19. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.29. Air Products and Chemicals, Inc. has a fifty-two week low of $235.55 and a fifty-two week high of $341.14. The firm has a market capitalization of $52.78 billion, a price-to-earnings ratio of 34.12, a PEG ratio of 5.16 and a beta of 0.83.

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.