Sigma Planning Corp Cuts Stock Position in Air Products and Chemicals, Inc. $APD

Sigma Planning Corp lessened its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 16.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,277 shares of the basic materials company’s stock after selling 841 shares during the quarter. Sigma Planning Corp’s holdings in Air Products and Chemicals were worth $1,206,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wayfinding Financial LLC purchased a new stake in Air Products and Chemicals in the 1st quarter worth $25,000. Saudi Central Bank purchased a new stake in Air Products and Chemicals in the 1st quarter worth $26,000. Cheviot Value Management LLC purchased a new stake in Air Products and Chemicals in the 1st quarter worth $27,000. Financial Connections Group Inc. grew its holdings in shares of Air Products and Chemicals by 46.7% during the second quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock worth $31,000 after buying an additional 35 shares in the last quarter. Finally, Ransom Advisory Ltd acquired a new stake in shares of Air Products and Chemicals in the first quarter valued at about $37,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Down 1.5%

Shares of APD opened at $237.17 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. Air Products and Chemicals, Inc. has a 12-month low of $235.55 and a 12-month high of $341.14. The firm has a 50-day moving average price of $270.36 and a 200 day moving average price of $278.19. The firm has a market capitalization of $52.78 billion, a P/E ratio of 34.12, a P/E/G ratio of 5.16 and a beta of 0.83.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on APD shares. UBS Group reduced their target price on shares of Air Products and Chemicals from $354.00 to $350.00 and set a “buy” rating for the company in a research report on Monday, October 6th. Argus upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a research report on Friday, September 12th. Wells Fargo & Company increased their target price on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the company an “overweight” rating in a research report on Monday, July 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Air Products and Chemicals in a research report on Wednesday, October 8th. Finally, Citigroup reduced their target price on shares of Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating for the company in a research report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $330.00.

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.