Legacy Capital Group California Inc. Sells 143 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Legacy Capital Group California Inc. reduced its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 3.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,841 shares of the basic materials company’s stock after selling 143 shares during the quarter. Legacy Capital Group California Inc.’s holdings in Air Products and Chemicals were worth $1,144,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of APD. Capital Research Global Investors increased its stake in shares of Air Products and Chemicals by 62.3% during the first quarter. Capital Research Global Investors now owns 11,230,051 shares of the basic materials company’s stock valued at $2,720,704,000 after buying an additional 4,309,040 shares during the period. National Bank of Canada FI raised its holdings in shares of Air Products and Chemicals by 2,931.0% in the 2nd quarter. National Bank of Canada FI now owns 1,796,531 shares of the basic materials company’s stock valued at $444,352,000 after purchasing an additional 1,737,260 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Air Products and Chemicals by 127.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,792,470 shares of the basic materials company’s stock worth $720,597,000 after purchasing an additional 1,564,169 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Air Products and Chemicals by 29,957.6% during the third quarter. International Assets Investment Management LLC now owns 718,075 shares of the basic materials company’s stock valued at $2,138,000,000 after purchasing an additional 715,686 shares in the last quarter. Finally, Clearbridge Investments LLC increased its holdings in Air Products and Chemicals by 50.6% during the first quarter. Clearbridge Investments LLC now owns 1,547,202 shares of the basic materials company’s stock valued at $374,841,000 after buying an additional 520,179 shares during the period. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and Chemicals Trading Down 1.4 %

Shares of APD stock opened at $322.01 on Friday. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $332.42. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.27. The stock’s fifty day moving average is $292.79 and its two-hundred day moving average is $270.59. The firm has a market capitalization of $71.58 billion, a P/E ratio of 29.06, a PEG ratio of 3.87 and a beta of 0.82.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Thursday, August 1st. The basic materials company reported $3.20 EPS for the quarter, beating analysts’ consensus estimates of $3.04 by $0.16. The business had revenue of $2.99 billion during 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%. Research analysts expect that Air Products and Chemicals, Inc. will post 12.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

APD has been the subject of several recent analyst reports. Mizuho boosted their price objective on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 9th. 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 research report on Monday, August 5th. JPMorgan Chase & Co. boosted their target price on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Evercore ISI upgraded Air Products and Chemicals from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $305.00 to $365.00 in a research note on Monday, October 7th. Finally, Citigroup boosted their price target on Air Products and Chemicals from $330.00 to $345.00 and gave the company a “buy” rating in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $320.82.

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.