Signature Wealth Management Partners LLC Has $366,000 Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Signature Wealth Management Partners LLC trimmed its position in Air Products and Chemicals, Inc. (NYSE:APD) by 19.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,229 shares of the basic materials company’s stock after selling 298 shares during the quarter. Signature Wealth Management Partners LLC’s holdings in Air Products and Chemicals were worth $366,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP bought a new position in Air Products and Chemicals in the fourth quarter valued at approximately $1,525,000. Miracle Mile Advisors LLC grew its stake in shares of Air Products and Chemicals by 5.6% during the first quarter. Miracle Mile Advisors LLC now owns 1,294 shares of the basic materials company’s stock worth $313,000 after purchasing an additional 69 shares during the period. Hexagon Capital Partners LLC grew its stake in shares of Air Products and Chemicals by 2,250.0% during the first quarter. Hexagon Capital Partners LLC now owns 141 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 135 shares during the period. Capital Advisors Ltd. LLC increased its holdings in Air Products and Chemicals by 6.2% in the first quarter. Capital Advisors Ltd. LLC now owns 1,013 shares of the basic materials company’s stock valued at $245,000 after purchasing an additional 59 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Air Products and Chemicals by 1.2% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 641,364 shares of the basic materials company’s stock valued at $155,383,000 after buying an additional 7,902 shares during the period. 81.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on APD shares. JPMorgan Chase & Co. upped their price target on Air Products and Chemicals from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. UBS Group increased their target price on shares of Air Products and Chemicals from $307.00 to $345.00 and gave the stock a “neutral” rating in a report on Tuesday, October 15th. Barclays boosted their price target on shares of Air Products and Chemicals from $290.00 to $295.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Redburn Atlantic raised Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective on the stock in a research note on Friday. Finally, 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. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $326.12.

Air Products and Chemicals Price Performance

NYSE:APD opened at $318.26 on Tuesday. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $332.42. The company has a market cap of $70.75 billion, a P/E ratio of 28.72, a P/E/G ratio of 3.87 and a beta of 0.82. 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’s 50-day simple moving average is $295.48 and its 200 day simple moving average is $272.56.

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

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.