Kirtland Hills Capital Management LLC Has $892,000 Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Kirtland Hills Capital Management LLC decreased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 3.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,998 shares of the basic materials company’s stock after selling 103 shares during the period. Kirtland Hills Capital Management LLC’s holdings in Air Products and Chemicals were worth $892,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Strategy Asset Managers LLC lifted its holdings in Air Products and Chemicals by 708.6% in the third quarter. Strategy Asset Managers LLC now owns 9,089 shares of the basic materials company’s stock valued at $2,706,000 after buying an additional 7,965 shares during the period. Prospera Private Wealth LLC acquired a new position in shares of Air Products and Chemicals during the third quarter valued at about $42,000. West Family Investments Inc. acquired a new position in shares of Air Products and Chemicals during the third quarter valued at about $240,000. Aberdeen Wealth Management LLC acquired a new position in shares of Air Products and Chemicals during the third quarter valued at about $238,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Air Products and Chemicals during the third quarter valued at about $3,667,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

Air Products and Chemicals stock opened at $327.73 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $332.42. The firm’s fifty day moving average price is $307.69 and its 200-day moving average price is $281.43. The stock has a market cap of $72.86 billion, a P/E ratio of 19.08, a price-to-earnings-growth ratio of 3.18 and a beta of 0.81.

Analyst Ratings Changes

Several brokerages have recently weighed in on APD. Wells Fargo & Company upped their price objective on shares of Air Products and Chemicals from $280.00 to $330.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. Barclays upped their target price on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. Mizuho upped their target price on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a report on Wednesday, October 9th. Finally, Redburn Atlantic upgraded shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price on the stock in a report on Friday, October 25th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and an average target price of $331.53.

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.