Air Products and Chemicals, Inc. (NYSE:APD) Stock Position Reduced by Dillon & Associates Inc.

Dillon & Associates Inc. trimmed its position in Air Products and Chemicals, Inc. (NYSE:APD) by 0.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,996 shares of the basic materials company’s stock after selling 316 shares during the quarter. Air Products and Chemicals makes up approximately 2.4% of Dillon & Associates Inc.’s holdings, making the stock its 11th largest position. Dillon & Associates Inc.’s holdings in Air Products and Chemicals were worth $17,283,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Iron Horse Wealth Management LLC increased its stake in Air Products and Chemicals by 88.7% during the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 55 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in Air Products and Chemicals during the second quarter worth about $32,000. Trifecta Capital Advisors LLC lifted 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 worth $37,000 after acquiring an additional 136 shares during the last quarter. Reston Wealth Management LLC acquired a new position in Air Products and Chemicals in the third quarter valued at approximately $47,000. Finally, Beacon Capital Management LLC grew its holdings in shares of Air Products and Chemicals by 128.8% during the first 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 during the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on APD shares. The Goldman Sachs Group upped their price objective on Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Evercore ISI upgraded shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $305.00 to $365.00 in a research report on Monday, October 7th. Mizuho lifted 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 research report on Wednesday, October 9th. Citigroup upped their target price on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday. Finally, BMO Capital Markets lifted their price target on Air Products and Chemicals from $300.00 to $323.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and a consensus price target of $328.18.

Air Products and Chemicals Stock Performance

APD opened at $311.13 on Wednesday. The business has a fifty day simple moving average of $302.27 and a 200-day simple moving average of $278.09. The firm has a market cap of $69.17 billion, a PE ratio of 18.11, a P/E/G ratio of 3.46 and a beta of 0.81. The company has a quick ratio of 1.10, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $332.42.

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.