Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $7.20 Million Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lessened its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 3.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,340 shares of the basic materials company’s stock after selling 915 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Air Products and Chemicals were worth $7,196,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Meeder Asset Management Inc. acquired a new position in Air Products and Chemicals during the second quarter worth about $32,000. Hexagon Capital Partners LLC raised its stake 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 worth $34,000 after acquiring an additional 135 shares in the last quarter. Iron Horse Wealth Management LLC boosted its holdings in Air Products and Chemicals by 88.7% in the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 55 shares during the last quarter. Trifecta Capital Advisors LLC boosted its holdings in Air Products and Chemicals by 1,700.0% in the second quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 136 shares during the last quarter. Finally, Beacon Capital Management LLC boosted its holdings in 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 valued at $44,000 after acquiring an additional 103 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

APD has been the topic of several analyst reports. Barclays upped their target price on Air Products and Chemicals from $290.00 to $295.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. StockNews.com raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday, September 23rd. BMO Capital Markets boosted their price target on Air Products and Chemicals from $300.00 to $323.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Citigroup upped 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. Finally, Vertical Research raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 target price on the stock in a research report on Monday, October 7th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Air Products and Chemicals presently has an average rating of “Moderate Buy” and a consensus target price of $326.12.

Air Products and Chemicals Trading Down 0.2 %

Shares of NYSE:APD traded down $0.61 during trading on Wednesday, hitting $314.69. The company had a trading volume of 28,455 shares, compared to its average volume of 1,607,243. The stock has a market cap of $69.96 billion, a price-to-earnings ratio of 28.46, 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 fifty day simple moving average of $296.32 and a two-hundred day simple moving average of $273.15. 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 data on Thursday, August 1st. The basic materials company reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.16. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.04 billion. As a group, equities analysts forecast that Air Products and Chemicals, Inc. will post 12.33 earnings per share 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.