Air Products and Chemicals, Inc. $APD Shares Sold by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. lessened its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 28,665 shares of the basic materials company’s stock after selling 343 shares during the period. GHP Investment Advisors Inc.’s holdings in Air Products and Chemicals were worth $8,085,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Financial Connections Group Inc. grew its position in Air Products and Chemicals by 46.7% during the second quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock valued at $31,000 after buying an additional 35 shares during the period. Meadow Creek Wealth Advisors LLC grew its position in Air Products and Chemicals by 1.6% during the second quarter. Meadow Creek Wealth Advisors LLC now owns 2,276 shares of the basic materials company’s stock valued at $642,000 after buying an additional 35 shares during the period. Atlatl Advisers LLC grew its position in Air Products and Chemicals by 2.5% during the second quarter. Atlatl Advisers LLC now owns 1,488 shares of the basic materials company’s stock valued at $420,000 after buying an additional 37 shares during the period. Hamilton Capital LLC grew its position in Air Products and Chemicals by 1.5% during the first quarter. Hamilton Capital LLC now owns 2,594 shares of the basic materials company’s stock valued at $765,000 after buying an additional 38 shares during the period. Finally, DB Fitzpatrick & Co Inc lifted its holdings in Air Products and Chemicals by 1.0% during the second quarter. DB Fitzpatrick & Co Inc now owns 3,860 shares of the basic materials company’s stock valued at $1,089,000 after purchasing an additional 38 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Transactions at Air Products and Chemicals

In related news, VP Victoria Brifo sold 1,359 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $292.38, for a total transaction of $397,344.42. Following the completion of the sale, the vice president directly owned 8,686 shares in the company, valued at approximately $2,539,612.68. This trade represents a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on APD. Argus raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a report on Friday, September 12th. Wall Street Zen raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. The Goldman Sachs Group set a $335.00 price objective on shares of Air Products and Chemicals in a report on Wednesday, October 1st. Wells Fargo & Company increased their price objective on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the company an “overweight” rating in a report on Monday, July 14th. Finally, UBS Group decreased their price objective on shares of Air Products and Chemicals from $354.00 to $350.00 and set a “buy” rating on the stock in a report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $330.00.

Air Products and Chemicals Stock Performance

NYSE:APD opened at $242.47 on Friday. Air Products and Chemicals, Inc. has a twelve month low of $239.03 and a twelve month high of $341.14. The company has a market cap of $53.96 billion, a P/E ratio of 34.89, a P/E/G ratio of 5.16 and a beta of 0.83. The company’s 50-day moving average price is $273.68 and its 200-day moving average price is $278.68. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $0.10. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.95 billion. During the same period last year, the business earned $3.20 earnings per share. Air Products and Chemicals’s revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts forecast that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

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.