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

Axxcess Wealth Management LLC reduced its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 54.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 SEC filing.

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

Air Products and Chemicals Price Performance

Shares of NYSE APD opened at $312.76 on Thursday. The stock has a market capitalization of $69.53 billion, a PE ratio of 18.20, a P/E/G ratio of 3.12 and a beta of 0.81. 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 current ratio of 1.52 and a quick ratio of 1.34. The business has a fifty day moving average price of $302.98 and a two-hundred day moving average price of $278.62.

Analysts Set New Price Targets

APD has been the topic of a number of recent research reports. Redburn Atlantic upgraded shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective on the stock in a report on Friday, October 25th. Vertical Research upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price objective for the company in a report on Monday, October 7th. 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 report on Wednesday, October 9th. StockNews.com raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. Finally, Citigroup boosted their price objective 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. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $328.18.

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.