Pittenger & Anderson Inc. Has $31,000 Position in Air Products and Chemicals, Inc. (NYSE:APD)

Pittenger & Anderson Inc. reduced its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 91.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 105 shares of the basic materials company’s stock after selling 1,077 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Air Products and Chemicals were worth $31,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in APD. Norden Group LLC raised its stake in Air Products and Chemicals by 10.5% during the 1st quarter. Norden Group LLC now owns 1,785 shares of the basic materials company’s stock valued at $432,000 after purchasing an additional 170 shares during the period. Larson Financial Group LLC raised its stake in Air Products and Chemicals by 170.4% during the 1st quarter. Larson Financial Group LLC now owns 1,490 shares of the basic materials company’s stock valued at $361,000 after purchasing an additional 939 shares during the period. Mediolanum International Funds Ltd acquired a new stake in Air Products and Chemicals during the 1st quarter valued at $489,000. Avidian Wealth Solutions LLC acquired a new stake in Air Products and Chemicals during the 1st quarter valued at $204,000. Finally, Catalina Capital Group LLC acquired a new position in shares of Air Products and Chemicals in the first quarter worth $229,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Up 0.1 %

APD stock opened at $306.35 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 1.10. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $332.42. The company has a 50-day moving average of $299.56 and a two-hundred day moving average of $275.91. The stock has a market capitalization of $68.11 billion, a price-to-earnings ratio of 26.55, a price-to-earnings-growth ratio of 3.25 and a beta of 0.81.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. The Goldman Sachs Group upped their price target on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. BMO Capital Markets upped their price target on shares of Air Products and Chemicals from $300.00 to $323.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Jefferies Financial Group raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and upped their price target for the stock from $295.00 to $364.00 in a research note on Monday, October 7th. UBS Group upped their price target on shares of Air Products and Chemicals from $307.00 to $345.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 15th. Finally, JPMorgan Chase & Co. upped their price target on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $326.12.

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.