Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by J. W. Coons Advisors LLC

J. W. Coons Advisors LLC trimmed its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 7.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,088 shares of the basic materials company’s stock after selling 165 shares during the period. J. W. Coons Advisors LLC’s holdings in Air Products and Chemicals were worth $622,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Forsta AP Fonden lifted its holdings in Air Products and Chemicals by 13.4% in 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. boosted its holdings in Air Products and Chemicals by 3.6% during the first quarter. 1832 Asset Management L.P. now owns 67,507 shares of the basic materials company’s stock worth $16,355,000 after buying an additional 2,321 shares in the last quarter. Jensen Investment Management Inc. grew its position in Air Products and Chemicals by 65.0% during the third quarter. Jensen Investment Management Inc. now owns 13,170 shares of the basic materials company’s stock worth $3,921,000 after buying an additional 5,190 shares during the period. Woodstock Corp increased its holdings in Air Products and Chemicals by 6.5% in the third quarter. Woodstock Corp now owns 38,976 shares of the basic materials company’s stock valued at $11,605,000 after buying an additional 2,387 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. lifted its position in shares of Air Products and Chemicals by 33.8% during the 3rd 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. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Trading Up 0.4 %

NYSE APD opened at $317.10 on Monday. The firm has a market capitalization of $70.50 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 3.18 and a beta of 0.81. 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, Inc. has a one year low of $212.24 and a one year high of $332.42. The company’s 50 day moving average price is $305.56 and its 200 day moving average price is $280.26.

Analyst Ratings Changes

APD has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft downgraded Air Products and Chemicals from a “buy” rating to a “hold” rating and dropped their price objective for the company from $310.00 to $280.00 in a research note on Monday, July 22nd. Wells Fargo & Company raised their price objective on shares of Air Products and Chemicals from $280.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Barclays increased their target price on Air Products and Chemicals from $295.00 to $315.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. StockNews.com raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. Finally, 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 note on Tuesday, October 15th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and a consensus price target 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.