Ashton Thomas Private Wealth LLC Sells 1,253 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Ashton Thomas Private Wealth LLC trimmed its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 34.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,427 shares of the basic materials company’s stock after selling 1,253 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Air Products and Chemicals were worth $723,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of APD. Dorsey & Whitney Trust CO LLC raised its holdings in Air Products and Chemicals by 9.0% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 4,817 shares of the basic materials company’s stock worth $1,167,000 after buying an additional 396 shares during the last quarter. Great Lakes Retirement Inc. lifted its position in Air Products and Chemicals by 19.9% in the 1st quarter. Great Lakes Retirement Inc. now owns 989 shares of the basic materials company’s stock valued at $240,000 after acquiring an additional 164 shares in the last quarter. M&G Plc bought a new position in Air Products and Chemicals in the 1st quarter valued at approximately $15,825,000. Mizuho Markets Americas LLC increased its holdings in shares of Air Products and Chemicals by 140.1% in the 1st quarter. Mizuho Markets Americas LLC now owns 39,164 shares of the basic materials company’s stock worth $9,488,000 after purchasing an additional 22,850 shares in the last quarter. Finally, Intech Investment Management LLC raised its stake in shares of Air Products and Chemicals by 33.5% in the first quarter. Intech Investment Management LLC now owns 146,240 shares of the basic materials company’s stock worth $35,430,000 after purchasing an additional 36,684 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Trading Up 1.0 %

Air Products and Chemicals stock opened at $315.88 on Friday. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $332.42. The firm has a market capitalization of $70.22 billion, a price-to-earnings ratio of 18.31, a P/E/G ratio of 3.12 and a beta of 0.81. The firm has a 50 day moving average of $303.74 and a 200 day moving average of $278.86. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on APD shares. UBS Group increased their price objective on Air Products and Chemicals from $307.00 to $345.00 and gave the company a “neutral” rating in a research report on Tuesday, October 15th. Citigroup lifted their price target on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a research note on Monday. Jefferies Financial Group upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and increased their price objective for the company from $295.00 to $364.00 in a research report on Monday, October 7th. StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. Finally, 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 report on Monday, October 7th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $329.76.

About Air Products and Chemicals

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.