Boston Financial Mangement LLC Has $46.73 Million Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Boston Financial Mangement LLC decreased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 2.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 156,961 shares of the basic materials company’s stock after selling 4,404 shares during the quarter. Air Products and Chemicals makes up approximately 1.4% of Boston Financial Mangement LLC’s portfolio, making the stock its 17th largest position. Boston Financial Mangement LLC’s holdings in Air Products and Chemicals were worth $46,734,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

APD has been the topic of several research reports. Redburn Atlantic raised shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price target on the stock in a report on Friday. UBS Group boosted their target price on shares of 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. Wells Fargo & Company increased their price target on Air Products and Chemicals from $280.00 to $330.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Vertical Research upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price objective on the stock in a research report on Monday, October 7th. Finally, Mizuho increased their target price on Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a research report on Wednesday, October 9th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $326.12.

Air Products and Chemicals Stock Up 0.1 %

Shares of NYSE:APD opened at $318.26 on Tuesday. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $332.42. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 1.10. The business’s 50-day moving average is $295.48 and its 200-day moving average is $272.56. The company has a market capitalization of $70.75 billion, a price-to-earnings ratio of 28.72, a P/E/G ratio of 3.87 and a beta of 0.82.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, August 1st. The basic materials company reported $3.20 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.16. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.04 billion. Equities research analysts predict that Air Products and Chemicals, Inc. will post 12.33 earnings per share for the current year.

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.