Kentucky Retirement Systems Insurance Trust Fund Has $1.96 Million Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Kentucky Retirement Systems Insurance Trust Fund cut its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 8.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,582 shares of the basic materials company’s stock after selling 588 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Air Products and Chemicals were worth $1,960,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of APD. Forsta AP Fonden boosted its stake in Air Products and Chemicals by 13.4% in the third quarter. Forsta AP Fonden now owns 45,700 shares of the basic materials company’s stock valued at $13,607,000 after acquiring an additional 5,400 shares during the last quarter. 1832 Asset Management L.P. boosted its position in shares of Air Products and Chemicals by 3.6% in the 1st quarter. 1832 Asset Management L.P. now owns 67,507 shares of the basic materials company’s stock worth $16,355,000 after purchasing an additional 2,321 shares during the last quarter. Jensen Investment Management Inc. grew its stake in shares of Air Products and Chemicals by 65.0% during the third quarter. Jensen Investment Management Inc. now owns 13,170 shares of the basic materials company’s stock worth $3,921,000 after purchasing an additional 5,190 shares during the period. Woodstock Corp increased its holdings in Air Products and Chemicals by 6.5% in the third quarter. Woodstock Corp now owns 38,976 shares of the basic materials company’s stock valued at $11,605,000 after purchasing an additional 2,387 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. increased its holdings in Air Products and Chemicals by 33.8% in the third quarter. ZWJ Investment Counsel Inc. now owns 51,110 shares of the basic materials company’s stock valued at $15,217,000 after purchasing an additional 12,925 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Up 0.4 %

APD stock opened at $317.10 on Friday. The company has a market cap of $70.49 billion, a price-to-earnings ratio of 18.46, a P/E/G ratio of 3.14 and a beta of 0.81. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $332.42. The business has a 50 day moving average price of $305.56 and a two-hundred day moving average price of $279.96. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72.

Analyst Ratings Changes

APD has been the subject of several analyst reports. Wells Fargo & Company boosted their target price on Air Products and Chemicals from $280.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Citigroup increased their target price on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a report on Monday, November 11th. The Goldman Sachs Group raised their price objective on Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Jefferies Financial Group upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and lifted their target price for the stock from $295.00 to $364.00 in a report on Monday, October 7th. Finally, Evercore ISI raised Air Products and Chemicals from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $305.00 to $365.00 in a research report on Monday, October 7th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $329.76.

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.