Dillon & Associates Inc. Sells 275 Shares of Air Products and Chemicals, Inc. $APD

Dillon & Associates Inc. trimmed its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 0.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,386 shares of the basic materials company’s stock after selling 275 shares during the period. Air Products and Chemicals makes up approximately 2.2% of Dillon & Associates Inc.’s portfolio, making the stock its 13th biggest holding. Dillon & Associates Inc.’s holdings in Air Products and Chemicals were worth $16,183,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. West Oak Capital LLC boosted its stake in shares of Air Products and Chemicals by 12.2% during the second quarter. West Oak Capital LLC now owns 10,815 shares of the basic materials company’s stock valued at $3,050,000 after purchasing an additional 1,180 shares during the period. Chapin Davis Inc. boosted its holdings in Air Products and Chemicals by 16.1% in the second quarter. Chapin Davis Inc. now owns 11,157 shares of the basic materials company’s stock valued at $3,147,000 after acquiring an additional 1,551 shares in the last quarter. Revisor Wealth Management LLC boosted its holdings in Air Products and Chemicals by 110.4% in the second quarter. Revisor Wealth Management LLC now owns 3,265 shares of the basic materials company’s stock valued at $966,000 after acquiring an additional 1,713 shares in the last quarter. Norden Group LLC boosted its holdings in Air Products and Chemicals by 167.3% in the second quarter. Norden Group LLC now owns 5,800 shares of the basic materials company’s stock valued at $1,636,000 after acquiring an additional 3,630 shares in the last quarter. Finally, Aberdeen Group plc boosted its holdings in Air Products and Chemicals by 4.1% in the second quarter. Aberdeen Group plc now owns 113,027 shares of the basic materials company’s stock valued at $31,903,000 after acquiring an additional 4,492 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Stock Performance

Shares of Air Products and Chemicals stock opened at $239.31 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $53.26 billion, a P/E ratio of 34.43, a P/E/G ratio of 5.16 and a beta of 0.83. The business has a fifty day simple moving average of $272.58 and a two-hundred day simple moving average of $278.63. Air Products and Chemicals, Inc. has a 12 month low of $235.97 and a 12 month high of $341.14.

Analyst Ratings Changes

APD has been the topic of several recent analyst reports. Citigroup cut their price target on shares of Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating on the stock in a report on Monday, October 6th. The Goldman Sachs Group set a $335.00 price target on shares of Air Products and Chemicals in a report on Wednesday, October 1st. Mizuho lifted their price target on shares of Air Products and Chemicals from $310.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. Wall Street Zen upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Air Products and Chemicals in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $330.00.

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.