Air Products and Chemicals, Inc. (NYSE:APD) is Briaud Financial Planning Inc’s 9th Largest Position

Briaud Financial Planning Inc lowered its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 24.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,966 shares of the basic materials company’s stock after selling 985 shares during the quarter. Air Products and Chemicals makes up about 0.5% of Briaud Financial Planning Inc’s investment portfolio, making the stock its 9th largest holding. Briaud Financial Planning Inc’s holdings in Air Products and Chemicals were worth $885,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Iron Horse Wealth Management LLC lifted its holdings in Air Products and Chemicals by 88.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after buying an additional 55 shares during the period. Meeder Asset Management Inc. purchased a new stake in Air Products and Chemicals in the 2nd quarter worth approximately $32,000. Prospera Private Wealth LLC purchased a new stake in Air Products and Chemicals in the 3rd quarter worth approximately $42,000. Trifecta Capital Advisors LLC lifted its holdings in Air Products and Chemicals by 1,700.0% in the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock worth $37,000 after buying an additional 136 shares during the period. Finally, Reston Wealth Management LLC purchased a new position in shares of Air Products and Chemicals in the 3rd quarter valued at approximately $47,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on APD shares. Citigroup raised their target price 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. reduced their price objective on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Jefferies Financial Group raised Air Products and Chemicals from a “hold” rating to a “buy” rating and raised their price objective for the company from $295.00 to $364.00 in a research report on Monday, October 7th. Barclays raised their price objective on Air Products and Chemicals from $295.00 to $315.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Finally, Mizuho raised their price objective on Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a research report on Wednesday, October 9th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and a consensus target price of $331.53.

Air Products and Chemicals Stock Down 0.0 %

APD opened at $327.73 on Wednesday. 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 quick ratio of 1.34 and a current ratio of 1.52. The company has a fifty day moving average of $307.69 and a two-hundred day moving average of $281.43. The stock has a market capitalization of $72.86 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 3.18 and a beta of 0.81.

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.