Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Haverford Trust Co

Haverford Trust Co decreased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 0.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 415,468 shares of the basic materials company’s stock after selling 569 shares during the quarter. Air Products and Chemicals makes up approximately 1.2% of Haverford Trust Co’s holdings, making the stock its 29th biggest holding. Haverford Trust Co owned 0.19% of Air Products and Chemicals worth $123,701,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Capital Research Global Investors raised its stake in Air Products and Chemicals by 62.3% during the first quarter. Capital Research Global Investors now owns 11,230,051 shares of the basic materials company’s stock worth $2,720,704,000 after acquiring an additional 4,309,040 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Air Products and Chemicals by 4.2% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,062,859 shares of the basic materials company’s stock valued at $790,371,000 after purchasing an additional 122,676 shares during the period. Pathway Financial Advisers LLC increased its stake in shares of 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 purchasing an additional 2,884,581 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Air Products and Chemicals by 127.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,792,470 shares of the basic materials company’s stock valued at $720,597,000 after purchasing an additional 1,564,169 shares during the period. Finally, Raymond James & Associates increased its stake in shares of Air Products and Chemicals by 1.7% in the third quarter. Raymond James & Associates now owns 2,043,099 shares of the basic materials company’s stock valued at $608,312,000 after purchasing an additional 33,313 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on APD. Citigroup raised their price target on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a research note on Monday. UBS Group raised their price target on shares of 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. 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 research note on Friday, October 25th. Vertical Research upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price objective on the stock in a research note on Monday, October 7th. Finally, StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday, September 23rd. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $328.18.

Air Products and Chemicals Stock Down 0.9 %

APD stock opened at $311.13 on Wednesday. The company has a market cap of $69.17 billion, a price-to-earnings ratio of 18.11, a PEG ratio of 3.15 and a beta of 0.81. The company has a 50 day moving average of $302.27 and a two-hundred day moving average of $278.09. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $332.42.

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.