Valley Brook Capital Group Inc. Sells 65 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Valley Brook Capital Group Inc. cut its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 2.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,505 shares of the basic materials company’s stock after selling 65 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in Air Products and Chemicals were worth $746,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norden Group LLC increased its stake in shares of Air Products and Chemicals by 10.5% in the first quarter. Norden Group LLC now owns 1,785 shares of the basic materials company’s stock worth $432,000 after purchasing an additional 170 shares in the last quarter. Mediolanum International Funds Ltd bought a new position in Air Products and Chemicals in the 1st quarter worth $489,000. Avidian Wealth Solutions LLC bought a new position in Air Products and Chemicals in the 1st quarter worth $204,000. SPC Financial Inc. increased its stake in Air Products and Chemicals by 30.6% in the 1st quarter. SPC Financial Inc. now owns 1,957 shares of the basic materials company’s stock worth $474,000 after buying an additional 458 shares in the last quarter. Finally, Advisory Alpha LLC purchased a new position in shares of Air Products and Chemicals in the first quarter valued at about $201,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Citigroup increased their target price on Air Products and Chemicals from $330.00 to $345.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Mizuho increased their price objective on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. boosted their target price 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. Redburn Atlantic raised shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price for the company in a research note on Friday, October 25th. Finally, StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Air Products and Chemicals presently has an average rating of “Moderate Buy” and an average price target of $326.12.

Air Products and Chemicals Trading Up 2.9 %

NYSE APD traded up $8.87 during trading hours on Thursday, hitting $315.60. 161,787 shares of the company were exchanged, compared to its average volume of 1,605,349. The stock has a market cap of $70.16 billion, a PE ratio of 26.58, a price-to-earnings-growth ratio of 3.25 and a beta of 0.81. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $332.42. The stock has a 50-day moving average price of $300.16 and a 200 day moving average price of $276.13. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.77.

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.