Regent Peak Wealth Advisors LLC decreased its position in Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 73.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,200 shares of the basic materials company’s stock after selling 6,135 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in Air Products and Chemicals were worth $638,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Truvestments Capital LLC bought a new position in Air Products and Chemicals in the 3rd quarter valued at $25,000. Meeder Asset Management Inc. bought a new position in shares of Air Products and Chemicals in the second quarter valued at about $32,000. Iron Horse Wealth Management LLC lifted its position in Air Products and Chemicals by 88.7% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after buying an additional 55 shares in the last quarter. Trifecta Capital Advisors LLC grew its holdings in Air Products and Chemicals by 1,700.0% during the 2nd 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. Finally, Prospera Private Wealth LLC acquired a new stake in Air Products and Chemicals in the 3rd quarter valued at about $42,000. Institutional investors and hedge funds own 81.66% of the company’s stock.
Air Products and Chemicals Trading Up 2.1 %
APD stock traded up $6.08 during midday trading on Tuesday, hitting $289.32. 430,124 shares of the company’s stock were exchanged, compared to its average volume of 1,094,412. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $337.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52. The company has a market cap of $64.34 billion, a PE ratio of 16.84, a price-to-earnings-growth ratio of 3.13 and a beta of 0.84. The stock’s fifty day moving average price is $311.36 and its 200-day moving average price is $292.23.
Air Products and Chemicals Announces Dividend
Analysts Set New Price Targets
Several analysts have recently commented on the stock. Mizuho increased their price target on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a research note on Wednesday, October 9th. Vertical Research raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price target on the stock in a research note on Monday, October 7th. Citigroup lifted their price objective on Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Wells Fargo & Company upped their target price on shares of Air Products and Chemicals from $280.00 to $330.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Finally, StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday, September 23rd. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Air Products and Chemicals currently has an average rating of “Moderate Buy” and an average price target of $331.53.
Get Our Latest Research Report on Air Products and Chemicals
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.
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