Axxcess Wealth Management LLC Sells 1,496 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Axxcess Wealth Management LLC trimmed its position in Air Products and Chemicals, Inc. (NYSE:APD) by 54.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,268 shares of the basic materials company’s stock after selling 1,496 shares during the period. Axxcess Wealth Management LLC’s holdings in Air Products and Chemicals were worth $378,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of APD. Forsta AP Fonden raised its holdings in Air Products and Chemicals by 13.4% in the 3rd quarter. Forsta AP Fonden now owns 45,700 shares of the basic materials company’s stock valued at $13,607,000 after buying an additional 5,400 shares during the last quarter. 1832 Asset Management L.P. lifted its holdings in shares of Air Products and Chemicals by 3.6% during the first quarter. 1832 Asset Management L.P. now owns 67,507 shares of the basic materials company’s stock worth $16,355,000 after purchasing an additional 2,321 shares during the period. Woodstock Corp increased its holdings in Air Products and Chemicals by 6.5% in the third quarter. Woodstock Corp now owns 38,976 shares of the basic materials company’s stock valued at $11,605,000 after purchasing an additional 2,387 shares during the period. ZWJ Investment Counsel Inc. raised its position in Air Products and Chemicals by 33.8% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 51,110 shares of the basic materials company’s stock worth $15,217,000 after purchasing an additional 12,925 shares during the last quarter. Finally, Mizuho Markets Americas LLC lifted its holdings in Air Products and Chemicals by 140.1% during the 1st quarter. Mizuho Markets Americas LLC now owns 39,164 shares of the basic materials company’s stock worth $9,488,000 after buying an additional 22,850 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Redburn Atlantic raised Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective on the stock in a research note on Friday, October 25th. JPMorgan Chase & Co. dropped their price target on shares of Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Evercore ISI upgraded shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $305.00 to $365.00 in a research report on Monday, October 7th. Citigroup boosted their target price on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a report on Monday. Finally, Jefferies Financial Group upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and increased their price target for the stock from $295.00 to $364.00 in a report on Monday, October 7th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $328.18.

Air Products and Chemicals Stock Up 0.5 %

Air Products and Chemicals stock opened at $312.76 on Thursday. The firm has a market capitalization of $69.53 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 3.12 and a beta of 0.81. The firm’s fifty day moving average price is $302.98 and its two-hundred day moving average price is $278.62. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year high of $332.42. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72.

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.