Ascent Wealth Partners LLC Has $7.42 Million Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Ascent Wealth Partners LLC trimmed its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 0.7% in the third quarter, Holdings Channel reports. The institutional investor owned 24,910 shares of the basic materials company’s stock after selling 171 shares during the period. Ascent Wealth Partners LLC’s holdings in Air Products and Chemicals were worth $7,417,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Norden Group LLC raised its position in Air Products and Chemicals by 10.5% during the first quarter. Norden Group LLC now owns 1,785 shares of the basic materials company’s stock valued at $432,000 after purchasing an additional 170 shares in the last quarter. Mediolanum International Funds Ltd acquired a new position in Air Products and Chemicals during the first quarter valued at approximately $489,000. Avidian Wealth Solutions LLC acquired a new position in Air Products and Chemicals during the first quarter valued at approximately $204,000. SPC Financial Inc. raised its position in Air Products and Chemicals by 30.6% during the first quarter. SPC Financial Inc. now owns 1,957 shares of the basic materials company’s stock valued at $474,000 after purchasing an additional 458 shares in the last quarter. Finally, Advisory Alpha LLC acquired a new position in Air Products and Chemicals during the first quarter valued at approximately $201,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Trading Up 1.9 %

APD traded up $5.79 during trading on Thursday, reaching $312.52. 118,257 shares of the stock traded hands, compared to its average volume of 1,604,690. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $69.48 billion, a PE ratio of 26.58, a P/E/G ratio of 3.25 and a beta of 0.81. The stock’s 50-day moving average is $300.16 and its 200 day moving average is $276.13. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $332.42.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Wells Fargo & Company upped their price target on shares of 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. Barclays upped their price target on shares of Air Products and Chemicals from $290.00 to $295.00 and gave the stock 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 price target for the company in a report on Friday, October 25th. Finally, The Goldman Sachs Group upped their price target on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.