Maple Capital Management Inc. Increases Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Maple Capital Management Inc. increased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 3.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 66,521 shares of the basic materials company’s stock after acquiring an additional 2,414 shares during the quarter. Air Products and Chemicals comprises 1.5% of Maple Capital Management Inc.’s investment portfolio, making the stock its 24th largest holding. Maple Capital Management Inc.’s holdings in Air Products and Chemicals were worth $19,806,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in APD. Wellington Management Group LLP bought a new position in Air Products and Chemicals in the 4th quarter worth about $1,525,000. International Assets Investment Management LLC boosted its position in shares of Air Products and Chemicals by 106.8% during the 1st quarter. International Assets Investment Management LLC now owns 2,082 shares of the basic materials company’s stock valued at $507,000 after acquiring an additional 1,075 shares during the last quarter. Harbor Investment Advisory LLC boosted its position in shares of Air Products and Chemicals by 51.6% during the 1st quarter. Harbor Investment Advisory LLC now owns 1,987 shares of the basic materials company’s stock valued at $481,000 after acquiring an additional 676 shares during the last quarter. Riverview Trust Co bought a new stake in shares of Air Products and Chemicals during the 1st quarter valued at about $74,000. Finally, Dynamic Advisor Solutions LLC boosted its position in shares of Air Products and Chemicals by 96.1% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 8,399 shares of the basic materials company’s stock valued at $2,035,000 after acquiring an additional 4,116 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

Shares of APD opened at $331.56 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.77. The business has a 50-day simple moving average of $290.72 and a two-hundred day simple moving average of $269.55. The stock has a market cap of $73.71 billion, a price-to-earnings ratio of 29.92, a PEG ratio of 3.87 and a beta of 0.82. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $332.42.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, August 1st. The basic materials company reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $3.04 by $0.16. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.04 billion. On average, analysts expect that Air Products and Chemicals, Inc. will post 12.33 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on APD shares. BMO Capital Markets boosted their target price on Air Products and Chemicals from $300.00 to $323.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Jefferies Financial Group raised Air Products and Chemicals from a “hold” rating to a “buy” rating and lifted their price target for the stock from $295.00 to $364.00 in a research note on Monday, October 7th. Citigroup lifted their price target on Air Products and Chemicals from $330.00 to $345.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. JPMorgan Chase & Co. boosted their target price on Air Products and Chemicals from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Mizuho boosted their target price on Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a research note on Wednesday, October 9th. 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. Based on data from MarketBeat, the stock 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.