Huntington National Bank Sells 45 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Huntington National Bank decreased its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 0.2% in the third quarter, Holdings Channel reports. The firm owned 22,441 shares of the basic materials company’s stock after selling 45 shares during the quarter. Huntington National Bank’s holdings in Air Products and Chemicals were worth $6,682,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of APD. Meeder Asset Management Inc. bought a new stake in Air Products and Chemicals in the 2nd quarter worth about $32,000. Iron Horse Wealth Management LLC boosted its holdings in shares of 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 valued at $35,000 after acquiring an additional 55 shares during the last quarter. Trifecta Capital Advisors LLC grew its stake in shares of Air Products and Chemicals by 1,700.0% in the second 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 period. Beacon Capital Management LLC raised its holdings in shares of Air Products and Chemicals by 128.8% during the first quarter. Beacon Capital Management LLC now owns 183 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 103 shares during the last quarter. Finally, Valued Wealth Advisors LLC lifted its position in Air Products and Chemicals by 1,425.0% during the second quarter. Valued Wealth Advisors LLC now owns 183 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 171 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on APD shares. BMO Capital Markets lifted their target price on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday. Barclays upped their price objective on Air Products and Chemicals from $295.00 to $315.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. UBS Group raised their target price on Air Products and Chemicals from $307.00 to $345.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 15th. Redburn Atlantic raised shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price target for the company in a research report on Friday, October 25th. Finally, The Goldman Sachs Group raised their price objective on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Air Products and Chemicals currently has an average rating of “Moderate Buy” and a consensus price target of $329.76.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $315.88 on Friday. The firm has a market cap of $70.22 billion, a price-to-earnings ratio of 18.39, a P/E/G ratio of 3.12 and a beta of 0.81. The firm has a fifty day moving average price of $303.74 and a 200 day moving average price of $278.86. 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 0.72, a quick ratio of 1.34 and a current ratio of 1.52.

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.