Clean Yield Group trimmed its holdings in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 24.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 697 shares of the basic materials company’s stock after selling 230 shares during the period. Clean Yield Group’s holdings in Air Products & Chemicals were worth $208,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Toth Financial Advisory Corp purchased a new position in shares of Air Products & Chemicals during the second quarter valued at approximately $27,000. Crewe Advisors LLC bought a new stake in shares of Air Products & Chemicals during the third quarter valued at approximately $31,000. Evolution Wealth Advisors LLC increased its position in shares of Air Products & Chemicals by 56.9% during the third quarter. Evolution Wealth Advisors LLC now owns 113 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 41 shares in the last quarter. Watson Rebecca bought a new stake in shares of Air Products & Chemicals during the second quarter valued at approximately $35,000. Finally, TCTC Holdings LLC bought a new stake in shares of Air Products & Chemicals during the second quarter valued at approximately $36,000. Hedge funds and other institutional investors own 83.32% of the company’s stock.

Shares of APD traded up $2.18 during trading hours on Friday, reaching $298.14. 1,398,650 shares of the stock traded hands, compared to its average volume of 1,206,404. The company has a current ratio of 3.48, a quick ratio of 3.32 and a debt-to-equity ratio of 0.61. Air Products & Chemicals, Inc. has a 52-week low of $167.43 and a 52-week high of $310.73. The company’s 50-day moving average price is $297.40 and its two-hundred day moving average price is $260.10. The company has a market cap of $65.86 billion, a P/E ratio of 34.79, a price-to-earnings-growth ratio of 3.50 and a beta of 0.85.

Air Products & Chemicals (NYSE:APD) last released its earnings results on Thursday, July 23rd. The basic materials company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.03. Air Products & Chemicals had a net margin of 21.58% and a return on equity of 15.96%. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the previous year, the company earned $2.17 EPS. Air Products & Chemicals’s revenue for the quarter was down 7.1% on a year-over-year basis. On average, research analysts forecast that Air Products & Chemicals, Inc. will post 8.4 EPS for the current year.

Several brokerages recently weighed in on APD. Zacks Investment Research downgraded shares of Air Products & Chemicals from a “buy” rating to a “hold” rating and set a $305.00 price target for the company. in a research report on Monday, September 28th. Morgan Stanley lifted their target price on shares of Air Products & Chemicals from $245.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Credit Suisse Group lifted their target price on shares of Air Products & Chemicals from $254.00 to $317.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Evercore ISI assumed coverage on shares of Air Products & Chemicals in a research report on Monday, September 21st. They issued an “outperform” rating for the company. Finally, UBS Group lifted their target price on shares of Air Products & Chemicals from $212.00 to $265.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Air Products & Chemicals has an average rating of “Buy” and a consensus target price of $292.38.

Air Products & Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

Featured Story: Do equity income investments outperform growth and income investments?

Want to see what other hedge funds are holding APD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Air Products & Chemicals, Inc. (NYSE:APD).

Institutional Ownership by Quarter for Air Products & Chemicals (NYSE:APD)

Receive News & Ratings for Air Products & Chemicals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Products & Chemicals and related companies with MarketBeat.com's FREE daily email newsletter.