Altrius Capital Management Inc Sells 919 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Altrius Capital Management Inc reduced its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 4.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,059 shares of the basic materials company’s stock after selling 919 shares during the quarter. Air Products and Chemicals makes up about 1.3% of Altrius Capital Management Inc’s portfolio, making the stock its 29th biggest holding. Altrius Capital Management Inc’s holdings in Air Products and Chemicals were worth $5,377,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Capital Research Global Investors increased its stake in shares of Air Products and Chemicals by 62.3% in the first quarter. Capital Research Global Investors now owns 11,230,051 shares of the basic materials company’s stock valued at $2,720,704,000 after buying an additional 4,309,040 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Air Products and Chemicals by 4.2% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,062,859 shares of the basic materials company’s stock worth $790,371,000 after purchasing an additional 122,676 shares in the last quarter. Pathway Financial Advisers LLC raised its position in Air Products and Chemicals by 29,954.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company’s stock valued at $861,722,000 after buying an additional 2,884,581 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Air Products and Chemicals by 127.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,792,470 shares of the basic materials company’s stock valued at $720,597,000 after buying an additional 1,564,169 shares during the last quarter. Finally, Raymond James & Associates increased its position in shares of Air Products and Chemicals by 1.7% during the 3rd quarter. Raymond James & Associates now owns 2,043,099 shares of the basic materials company’s stock valued at $608,312,000 after purchasing an additional 33,313 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

APD has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft lowered shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and decreased their target price for the stock from $310.00 to $280.00 in a report on Monday, July 22nd. Redburn Atlantic upgraded shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective for the company in a research note on Friday, October 25th. Citigroup raised their price objective on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a research note on Monday. Vertical Research upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price target for the company in a research note on Monday, October 7th. Finally, Evercore ISI upgraded shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $305.00 to $365.00 in a research note on Monday, October 7th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $329.76.

Air Products and Chemicals Stock Up 0.2 %

Shares of NYSE:APD traded up $0.61 during trading on Friday, reaching $316.49. The stock had a trading volume of 139,631 shares, compared to its average volume of 1,605,666. 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 $70.36 billion, a P/E ratio of 18.34, a PEG ratio of 3.14 and a beta of 0.81. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72. The firm’s 50-day simple moving average is $304.59 and its 200 day simple moving average is $279.11.

About Air Products and Chemicals

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.