Arrow Financial Corp Has $866,000 Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Arrow Financial Corp decreased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,909 shares of the basic materials company’s stock after selling 40 shares during the quarter. Arrow Financial Corp’s holdings in Air Products and Chemicals were worth $866,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new stake in Air Products and Chemicals in the 2nd quarter valued at about $32,000. Iron Horse Wealth Management LLC lifted its position in shares of Air Products and Chemicals by 88.7% in the third 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 during the last quarter. Trifecta Capital Advisors LLC boosted its stake in shares of Air Products and Chemicals by 1,700.0% during 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 period. Beacon Capital Management LLC increased 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 last quarter. Finally, Valued Wealth Advisors LLC raised its stake in Air Products and Chemicals by 1,425.0% in 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 period. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Up 0.1 %

Air Products and Chemicals stock opened at $312.99 on Friday. The company has a market capitalization of $69.58 billion, a PE ratio of 27.12, a PEG ratio of 3.22 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 firm’s fifty day moving average is $301.56 and its 200 day moving average is $276.93. 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 (NYSE:APD) last announced its quarterly earnings data on Thursday, November 7th. The basic materials company reported $3.56 earnings per share for the quarter, beating the consensus estimate of $3.44 by $0.12. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.19 billion. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. As a group, sell-side analysts predict that Air Products and Chemicals, Inc. will post 12.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Evercore ISI upgraded shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $305.00 to $365.00 in a research note on Monday, October 7th. BMO Capital Markets raised their price objective on shares of Air Products and Chemicals from $300.00 to $323.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. The Goldman Sachs Group upped their target price on Air Products and Chemicals from $291.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Barclays lifted their price target on Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Jefferies Financial Group raised Air Products and Chemicals from a “hold” rating to a “buy” rating and upped their price objective for the company from $295.00 to $364.00 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 stock. Based on data from MarketBeat, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and an average price target of $327.00.

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.