Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Beese Fulmer Investment Management Inc.

Beese Fulmer Investment Management Inc. decreased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,130 shares of the basic materials company’s stock after selling 119 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in Air Products and Chemicals were worth $3,016,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Wellington Management Group LLP acquired a new stake in shares of Air Products and Chemicals in the fourth quarter worth about $1,525,000. Dynamic Advisor Solutions LLC grew its stake in shares of Air Products and Chemicals by 96.1% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 8,399 shares of the basic materials company’s stock valued at $2,035,000 after purchasing an additional 4,116 shares during the period. Procyon Advisors LLC grew its stake in shares of Air Products and Chemicals by 141.7% in the 1st quarter. Procyon Advisors LLC now owns 6,735 shares of the basic materials company’s stock valued at $1,632,000 after purchasing an additional 3,949 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Air Products and Chemicals by 6.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 222,397 shares of the basic materials company’s stock valued at $53,880,000 after purchasing an additional 13,946 shares during the period. Finally, Fifth Third Wealth Advisors LLC grew its stake in shares of Air Products and Chemicals by 35.9% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,595 shares of the basic materials company’s stock valued at $629,000 after purchasing an additional 686 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on APD shares. Citigroup boosted their target price on Air Products and Chemicals from $330.00 to $345.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Evercore ISI raised Air Products and Chemicals from an “in-line” rating to an “outperform” rating and increased their price target for the company from $305.00 to $365.00 in a research note on Monday, October 7th. BMO Capital Markets increased 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. Barclays increased their price target on Air Products and Chemicals from $290.00 to $295.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Finally, Mizuho increased their price target on 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $320.82.

Air Products and Chemicals Stock Down 1.1 %

Shares of APD opened at $326.62 on Thursday. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $332.42. The firm’s 50 day moving average is $292.79 and its 200-day moving average is $270.59. The stock has a market capitalization of $72.61 billion, a PE ratio of 29.48, a P/E/G ratio of 3.87 and a beta of 0.82. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Thursday, August 1st. The basic materials company reported $3.20 earnings per share for the quarter, topping 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%. Equities research analysts forecast that Air Products and Chemicals, Inc. will post 12.33 EPS 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.