Air Products and Chemicals, Inc. (NYSE:APD) Stock Position Lifted by Jmac Enterprises LLC

Jmac Enterprises LLC boosted its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 49.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,109 shares of the basic materials company’s stock after buying an additional 2,028 shares during the quarter. Jmac Enterprises LLC’s holdings in Air Products and Chemicals were worth $1,819,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Capital Research Global Investors boosted its position in Air Products and Chemicals by 62.3% during the first quarter. Capital Research Global Investors now owns 11,230,051 shares of the basic materials company’s stock valued at $2,720,704,000 after purchasing an additional 4,309,040 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Air Products and Chemicals by 4.2% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,062,859 shares of the basic materials company’s stock valued at $790,371,000 after buying an additional 122,676 shares during the last quarter. Pathway Financial Advisers LLC grew its stake in shares of Air Products and Chemicals by 29,954.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company’s stock valued at $861,722,000 after buying an additional 2,884,581 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Air Products and Chemicals by 127.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,792,470 shares of the basic materials company’s stock worth $720,597,000 after buying an additional 1,564,169 shares during the last quarter. Finally, Raymond James & Associates raised its position in Air Products and Chemicals by 1.7% during the third quarter. Raymond James & Associates now owns 2,043,099 shares of the basic materials company’s stock valued at $608,312,000 after acquiring an additional 33,313 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Stock Up 2.4 %

APD opened at $314.02 on Thursday. The firm has a market cap of $69.81 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 3.25 and a beta of 0.81. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.27. The firm’s 50-day simple moving average is $300.16 and its 200-day simple moving average is $276.13. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $332.42.

Analyst Ratings Changes

APD has been the topic of several analyst reports. Barclays increased their price target on shares of Air Products and Chemicals from $290.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. Citigroup raised their target price on Air Products and Chemicals from $330.00 to $345.00 and gave the company a “buy” rating in a report on Monday, October 7th. UBS Group upped their price target on Air Products and Chemicals from $307.00 to $345.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. raised their price objective on Air Products and Chemicals from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft cut Air Products and Chemicals from a “buy” rating to a “hold” rating and decreased their target price for the stock from $310.00 to $280.00 in a research report on Monday, July 22nd. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $326.12.

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.