Beese Fulmer Investment Management Inc. Sells 119 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Beese Fulmer Investment Management Inc. reduced its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 1.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,130 shares of the basic materials company’s stock after selling 119 shares during the period. Beese Fulmer Investment Management Inc.’s holdings in Air Products and Chemicals were worth $3,016,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Franklin Parlapiano Turner & Welch LLC increased its position in shares of Air Products and Chemicals by 0.5% during the third quarter. Franklin Parlapiano Turner & Welch LLC now owns 29,596 shares of the basic materials company’s stock worth $8,812,000 after acquiring an additional 161 shares in the last quarter. Romano Brothers AND Company increased its position in shares of Air Products and Chemicals by 5.2% during the third quarter. Romano Brothers AND Company now owns 17,679 shares of the basic materials company’s stock worth $5,264,000 after acquiring an additional 867 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Air Products and Chemicals by 29,957.6% during the third quarter. International Assets Investment Management LLC now owns 718,075 shares of the basic materials company’s stock worth $2,138,000,000 after acquiring an additional 715,686 shares in the last quarter. Monte Financial Group LLC increased its position in shares of Air Products and Chemicals by 1.6% during the third quarter. Monte Financial Group LLC now owns 18,590 shares of the basic materials company’s stock worth $5,535,000 after acquiring an additional 284 shares in the last quarter. Finally, Iron Horse Wealth Management LLC grew its position 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 purchasing an additional 55 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Vertical Research raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price objective for the company in a research report on Monday, October 7th. Evercore ISI upgraded shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $305.00 to $365.00 in a research note on Monday, October 7th. BMO Capital Markets boosted their target price on shares of Air Products and Chemicals from $300.00 to $323.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. The Goldman Sachs Group boosted their target price on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Finally, Citigroup increased their target price on Air Products and Chemicals from $330.00 to $345.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $320.82.

Air Products and Chemicals Stock Down 1.1 %

NYSE APD opened at $326.62 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 1.10. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $332.42. The business’s 50-day moving average is $292.79 and its 200 day moving average is $270.59. The stock has a market capitalization of $72.61 billion, a PE ratio of 29.48, a PEG ratio of 3.87 and a beta of 0.82.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, August 1st. The basic materials company reported $3.20 EPS for the quarter, topping the consensus estimate of $3.04 by $0.16. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.04 billion. Sell-side analysts forecast that Air Products and Chemicals, Inc. will post 12.33 earnings per share for the current year.

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.