Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by GUNN & Co INVESTMENT MANAGEMENT INC.

GUNN & Co INVESTMENT MANAGEMENT INC. reduced its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 91.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,825 shares of the basic materials company’s stock after selling 115,298 shares during the period. Air Products and Chemicals makes up about 2.2% of GUNN & Co INVESTMENT MANAGEMENT INC.’s investment portfolio, making the stock its 19th largest position. GUNN & Co INVESTMENT MANAGEMENT INC.’s holdings in Air Products and Chemicals were worth $3,223,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Iron Horse Wealth Management LLC grew its stake in Air Products and Chemicals by 88.7% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 55 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Air Products and Chemicals in the second quarter valued at $32,000. Hexagon Capital Partners LLC grew its position in Air Products and Chemicals by 2,250.0% in the first quarter. Hexagon Capital Partners LLC now owns 141 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 135 shares during the period. Trifecta Capital Advisors LLC grew its position in Air Products and Chemicals by 1,700.0% in the second quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 136 shares during the period. Finally, Beacon Capital Management LLC boosted its stake in Air Products and Chemicals by 128.8% in the first quarter. Beacon Capital Management LLC now owns 183 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

NYSE APD opened at $326.62 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.27. The stock has a 50-day moving average of $292.79 and a 200 day moving average of $270.59. 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 $72.61 billion, a price-to-earnings ratio of 29.48, a PEG ratio of 3.87 and a beta of 0.82.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on APD. Mizuho upped their price target 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. The Goldman Sachs Group increased their price target on Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Wells Fargo & Company raised 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 research note on Friday, October 11th. Citigroup lifted their price objective on shares of Air Products and Chemicals from $330.00 to $345.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and dropped their price objective for the company from $310.00 to $280.00 in a research report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $320.82.

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.