Kentucky Retirement Systems Insurance Trust Fund Sells 588 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Kentucky Retirement Systems Insurance Trust Fund lowered its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 8.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 6,582 shares of the basic materials company’s stock after selling 588 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Air Products and Chemicals were worth $1,960,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Iron Horse Wealth Management LLC boosted its stake in shares of Air Products and Chemicals by 88.7% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 55 shares during the period. Meeder Asset Management Inc. acquired a new stake in Air Products and Chemicals during the 2nd quarter valued at $32,000. Trifecta Capital Advisors LLC boosted its position in Air Products and Chemicals by 1,700.0% during the second quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 136 shares during the period. Reston Wealth Management LLC acquired a new position in shares of Air Products and Chemicals in the third quarter valued at $47,000. Finally, Beacon Capital Management LLC raised its position in shares of Air Products and Chemicals by 128.8% in the first quarter. Beacon Capital Management LLC now owns 183 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 103 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on APD shares. Barclays upped their price target on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. StockNews.com upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday, September 23rd. Citigroup boosted their price target on Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. lowered their price objective on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Finally, Evercore ISI raised Air Products and Chemicals from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $305.00 to $365.00 in a report on Monday, October 7th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Air Products and Chemicals has a consensus rating of “Moderate Buy” and an average price target of $329.76.

Air Products and Chemicals Stock Up 0.4 %

NYSE APD opened at $317.10 on Friday. The business has a fifty day moving average price of $305.56 and a two-hundred day moving average price of $279.96. The stock has a market capitalization of $70.49 billion, a PE ratio of 18.46, a PEG ratio of 3.14 and a beta of 0.81. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $332.42. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34.

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.