Traphagen Investment Advisors LLC Sells 312 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Traphagen Investment Advisors LLC reduced its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 10.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,781 shares of the basic materials company’s stock after selling 312 shares during the period. Traphagen Investment Advisors LLC’s holdings in Air Products and Chemicals were worth $828,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Thompson Investment Management Inc. purchased a new position in shares of Air Products and Chemicals in the first quarter worth $27,000. Meeder Asset Management Inc. bought a new stake in Air Products and Chemicals in the 2nd quarter worth $32,000. Hexagon Capital Partners LLC raised 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 valued at $34,000 after acquiring an additional 135 shares during the last quarter. Trifecta Capital Advisors LLC boosted its holdings in shares of Air Products and Chemicals by 1,700.0% during the second 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 grew its stake in shares of Air Products and Chemicals by 128.8% in the first quarter. Beacon Capital Management LLC now owns 183 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 103 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Down 0.6 %

APD stock traded down $1.98 on Tuesday, reaching $329.58. 199,626 shares of the company traded hands, compared to its average volume of 1,616,432. The firm has a fifty day simple moving average of $290.72 and a 200-day simple moving average of $269.55. The company has a market cap of $73.27 billion, a P/E ratio of 29.92, a price-to-earnings-growth ratio of 3.87 and a beta of 0.82. 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 debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 1.10.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on APD. 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 report on Friday. Mizuho upped their target price on Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. Jefferies Financial Group upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and lifted their price target for the company from $295.00 to $364.00 in a report on Monday, October 7th. Wells Fargo & Company upped their price objective on shares of Air Products and Chemicals from $280.00 to $330.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Finally, The Goldman Sachs Group raised their target price on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $320.82.

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.