Richard C. Young & CO. LTD. Has $15.14 Million Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Richard C. Young & CO. LTD. lessened its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 0.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 50,852 shares of the basic materials company’s stock after selling 177 shares during the period. Air Products and Chemicals accounts for about 1.7% of Richard C. Young & CO. LTD.’s portfolio, making the stock its 27th largest position. Richard C. Young & CO. LTD.’s holdings in Air Products and Chemicals were worth $15,141,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Upgrades and Downgrades

APD has been the subject of several research analyst reports. Barclays raised their price target on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Vertical Research upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price target for the company in a research report on Monday, October 7th. BMO Capital Markets raised their target price on Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a research note on Thursday. Jefferies Financial Group upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and upped their price target for the company from $295.00 to $364.00 in a research report on Monday, October 7th. Finally, The Goldman Sachs Group boosted their price objective 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. Nine 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, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and an average target price of $329.76.

Air Products and Chemicals Trading Up 0.4 %

Shares of APD opened at $317.10 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52. The firm has a market cap of $70.50 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 3.18 and a beta of 0.81. The firm has a 50 day moving average price of $305.56 and a 200-day moving average price of $280.26. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $332.42.

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.