Legacy Capital Wealth Partners LLC Has $681,000 Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Legacy Capital Wealth Partners LLC cut its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 5.1% in the third quarter, Holdings Channel reports. The institutional investor owned 2,289 shares of the basic materials company’s stock after selling 123 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in Air Products and Chemicals were worth $681,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its position in Air Products and Chemicals by 0.3% during the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,593 shares of the basic materials company’s stock worth $3,452,000 after buying an additional 34 shares in the last quarter. CX Institutional boosted its holdings in shares of Air Products and Chemicals by 2.6% in the 3rd quarter. CX Institutional now owns 1,343 shares of the basic materials company’s stock valued at $400,000 after buying an additional 34 shares during the last quarter. Bank of Stockton grew its stake in shares of Air Products and Chemicals by 1.9% in the third quarter. Bank of Stockton now owns 1,813 shares of the basic materials company’s stock valued at $540,000 after buying an additional 34 shares in the last quarter. Cape Investment Advisory Inc. increased its holdings in Air Products and Chemicals by 1.0% during the first quarter. Cape Investment Advisory Inc. now owns 3,740 shares of the basic materials company’s stock worth $906,000 after buying an additional 37 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its stake in Air Products and Chemicals by 22.3% in the third quarter. Exchange Traded Concepts LLC now owns 203 shares of the basic materials company’s stock valued at $60,000 after acquiring an additional 37 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Up 0.1 %

Shares of NYSE:APD opened at $312.99 on Monday. The business’s 50-day moving average is $301.56 and its 200-day moving average is $277.23. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $332.42. The company has a market capitalization of $69.58 billion, a price-to-earnings ratio of 27.12, a P/E/G ratio of 3.22 and a beta of 0.81. 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 (NYSE:APD) last posted its quarterly earnings results on Thursday, November 7th. The basic materials company reported $3.56 EPS for the quarter, topping analysts’ consensus estimates of $3.44 by $0.12. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. The business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.19 billion. Equities research analysts predict that Air Products and Chemicals, Inc. will post 12.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday, September 23rd. Jefferies Financial Group raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and lifted their target price for the stock from $295.00 to $364.00 in a report on Monday, October 7th. Citigroup increased their price objective 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. Evercore ISI upgraded Air Products and Chemicals from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $305.00 to $365.00 in a research note on Monday, October 7th. Finally, Redburn Atlantic upgraded shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price for the company in a research report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Air Products and Chemicals currently has an average rating of “Moderate Buy” and an average price target of $327.00.

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.