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

KCM Investment Advisors LLC lowered its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,975 shares of the basic materials company’s stock after selling 451 shares during the quarter. 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 and hedge funds also recently made changes to their positions in the company. Empirical Finance LLC raised its position in shares of Air Products and Chemicals by 2.2% during the third quarter. Empirical Finance LLC now owns 7,672 shares of the basic materials company’s stock worth $2,284,000 after acquiring an additional 167 shares during the last quarter. Signature Estate & Investment Advisors LLC bought a new stake in Air Products and Chemicals in the third quarter valued at about $200,000. CIBC Asset Management Inc increased its holdings in Air Products and Chemicals by 7.5% in the third quarter. CIBC Asset Management Inc now owns 38,712 shares of the basic materials company’s stock valued at $11,526,000 after purchasing an additional 2,686 shares during the last quarter. Intellectus Partners LLC increased its holdings in Air Products and Chemicals by 22.4% in the third quarter. Intellectus Partners LLC now owns 1,665 shares of the basic materials company’s stock valued at $496,000 after purchasing an additional 305 shares during the last quarter. Finally, Impax Asset Management Group plc bought a new stake in Air Products and Chemicals in the third quarter valued at about $3,234,000. Institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. The Goldman Sachs Group upped their price objective on Air Products and Chemicals from $291.00 to $330.00 and gave the company a “buy” rating in a report on Monday, August 5th. Evercore ISI upgraded Air Products and Chemicals from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $305.00 to $365.00 in a report on Monday, October 7th. Citigroup upped their price objective on Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a report on Monday. Vertical Research raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 target price for the company in a research note on Monday, October 7th. Finally, Mizuho boosted their target price on Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a research note on Wednesday, October 9th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $329.76.

Air Products and Chemicals Stock Down 0.3 %

APD traded down $0.99 on Friday, hitting $314.89. 130,558 shares of the company were exchanged, compared to its average volume of 1,605,625. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $332.42. The company has a market cap of $70.00 billion, a PE ratio of 18.34, a PEG ratio of 3.14 and a beta of 0.81. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52. The stock’s fifty day moving average is $304.59 and its 200-day moving average is $279.11.

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.