Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Telos Capital Management Inc.

Telos Capital Management Inc. cut its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,825 shares of the basic materials company’s stock after selling 125 shares during the period. Telos Capital Management Inc.’s holdings in Air Products and Chemicals were worth $8,285,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of APD. Thompson Investment Management Inc. purchased a new stake in shares of Air Products and Chemicals during the 1st quarter valued at $27,000. Meeder Asset Management Inc. acquired a new position 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% during 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 raised its holdings in shares of Air Products and Chemicals by 1,700.0% in the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 136 shares during the period. Finally, Beacon Capital Management LLC lifted its stake in shares of Air Products and Chemicals by 128.8% in the 1st quarter. Beacon Capital Management LLC now owns 183 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 103 shares in the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on APD. Evercore ISI upgraded shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and raised their price target for the company from $305.00 to $365.00 in a report on Monday, October 7th. The Goldman Sachs Group lifted their price objective on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. upped their target price on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday. StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday, September 23rd. Finally, Barclays upped their price objective on shares of Air Products and Chemicals from $290.00 to $295.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $320.82.

Air Products and Chemicals Stock Down 0.2 %

Shares of NYSE:APD opened at $331.56 on Tuesday. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year high of $332.42. The company’s fifty day moving average is $290.72 and its two-hundred day moving average is $269.55. 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 market capitalization of $73.71 billion, a price-to-earnings ratio of 29.92, a price-to-earnings-growth ratio of 3.87 and a beta of 0.82.

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

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.