Planning Capital Management Corp Sells 489 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Planning Capital Management Corp cut its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 3.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,282 shares of the basic materials company’s stock after selling 489 shares during the period. Air Products and Chemicals accounts for approximately 2.6% of Planning Capital Management Corp’s investment portfolio, making the stock its 11th biggest holding. Planning Capital Management Corp’s holdings in Air Products and Chemicals were worth $3,954,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of APD. Meeder Asset Management Inc. purchased a new position in shares of Air Products and Chemicals in the second quarter valued at approximately $32,000. Iron Horse Wealth Management LLC grew 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 valued at $35,000 after buying an additional 55 shares in the last quarter. Trifecta Capital Advisors LLC increased its stake in shares of 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 acquiring an additional 136 shares during the last quarter. Beacon Capital Management LLC raised its holdings in shares of Air Products and Chemicals by 128.8% during the 1st quarter. Beacon Capital Management LLC now owns 183 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 103 shares during the period. Finally, Valued Wealth Advisors LLC boosted its position in shares of Air Products and Chemicals by 1,425.0% during the 2nd quarter. Valued Wealth Advisors LLC now owns 183 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 171 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on APD shares. Jefferies Financial Group upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and raised their price target for the stock from $295.00 to $364.00 in a report on Monday, October 7th. JPMorgan Chase & Co. lowered their price target on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Wells Fargo & Company upped 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. Deutsche Bank Aktiengesellschaft cut Air Products and Chemicals from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $310.00 to $280.00 in a research report on Monday, July 22nd. Finally, StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Air Products and Chemicals has a consensus rating of “Moderate Buy” and a consensus price target of $328.18.

Air Products and Chemicals Trading Up 0.5 %

NYSE:APD opened at $312.76 on Thursday. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $332.42. The business’s 50-day moving average is $303.74 and its two-hundred day moving average is $278.86. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34. The firm has a market capitalization of $69.53 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 3.12 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.