Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. reduced its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 8.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 9,766 shares of the basic materials company’s stock after selling 916 shares during the period. QRG Capital Management Inc.’s holdings in Air Products and Chemicals were worth $2,908,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Capital Research Global Investors lifted its holdings in shares of Air Products and Chemicals by 62.3% in the 1st quarter. Capital Research Global Investors now owns 11,230,051 shares of the basic materials company’s stock worth $2,720,704,000 after purchasing an additional 4,309,040 shares during the last quarter. Pathway Financial Advisers LLC lifted its stake in Air Products and Chemicals by 29,954.1% in the third quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company’s stock valued at $861,722,000 after buying an additional 2,884,581 shares during the last quarter. National Bank of Canada FI lifted its stake in Air Products and Chemicals by 2,931.0% in the second quarter. National Bank of Canada FI now owns 1,796,531 shares of the basic materials company’s stock valued at $444,352,000 after buying an additional 1,737,260 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Air Products and Chemicals by 127.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,792,470 shares of the basic materials company’s stock worth $720,597,000 after acquiring an additional 1,564,169 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in shares of Air Products and Chemicals by 1,685.4% during the third quarter. Van ECK Associates Corp now owns 764,489 shares of the basic materials company’s stock worth $249,698,000 after acquiring an additional 721,671 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on APD shares. Vertical Research raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 target price for the company in a research note on Monday, October 7th. Wells Fargo & Company boosted their price objective on Air Products and Chemicals from $280.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. UBS Group raised their target price on Air Products and Chemicals from $307.00 to $345.00 and gave the company a “neutral” rating in a research report on Tuesday, October 15th. Redburn Atlantic upgraded 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, Deutsche Bank Aktiengesellschaft lowered Air Products and Chemicals from a “buy” rating to a “hold” rating and lowered their price target for the company from $310.00 to $280.00 in a report on Monday, July 22nd. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and an average price target of $326.12.

Air Products and Chemicals Trading Up 0.1 %

Shares of NYSE APD opened at $306.73 on Thursday. The business has a fifty day simple moving average of $300.16 and a 200-day simple moving average of $276.13. The company has a market cap of $68.19 billion, a price-to-earnings ratio of 26.58, a P/E/G ratio of 3.25 and a beta of 0.81. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $332.42. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.77.

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.