McClarren Financial Advisors Inc. Has $109,000 Stake in Air Products and Chemicals, Inc. (NYSE:APD)

McClarren Financial Advisors Inc. increased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 41.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 365 shares of the basic materials company’s stock after purchasing an additional 107 shares during the period. McClarren Financial Advisors Inc.’s holdings in Air Products and Chemicals were worth $109,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in APD. Thompson Investment Management Inc. acquired a new position in Air Products and Chemicals in the 1st quarter worth approximately $27,000. Meeder Asset Management Inc. acquired a new position in Air Products and Chemicals in the 2nd quarter worth approximately $32,000. Hexagon Capital Partners LLC boosted its stake in shares of Air Products and Chemicals by 2,250.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 141 shares of the basic materials company’s stock valued at $34,000 after buying an additional 135 shares during the period. Trifecta Capital Advisors LLC boosted its stake in shares of Air Products and Chemicals by 1,700.0% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock valued at $37,000 after buying an additional 136 shares during the period. Finally, OFI Invest Asset Management boosted its stake in shares of Air Products and Chemicals by 104.3% during the 1st quarter. OFI Invest Asset Management now owns 188 shares of the basic materials company’s stock valued at $42,000 after buying an additional 96 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

APD traded up $3.33 during trading on Friday, hitting $332.10. The stock had a trading volume of 1,074,148 shares, compared to its average volume of 1,627,201. The firm has a market cap of $73.83 billion, a PE ratio of 29.97, a P/E/G ratio of 3.87 and a beta of 0.82. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $332.17. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77. The company has a 50 day simple moving average of $289.56 and a 200-day simple moving average of $268.68.

Air Products and Chemicals (NYSE:APD) last announced its earnings results 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. The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.04 billion. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. Analysts expect that Air Products and Chemicals, Inc. will post 12.33 EPS for the current year.

Analyst Ratings Changes

APD has been the subject of a number of research reports. Evercore ISI raised shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $305.00 to $365.00 in a research note on Monday, October 7th. 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 company from $295.00 to $364.00 in a research note on Monday, October 7th. Vertical Research raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 target price for the company in a research note on Monday, October 7th. The Goldman Sachs Group lifted 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, Deutsche Bank Aktiengesellschaft lowered shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and decreased their target price for the company from $310.00 to $280.00 in a research note on Monday, July 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $320.82.

Air Products and Chemicals 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.