Air Products and Chemicals, Inc. (NYSE:APD) Shares Acquired by Oak Harbor Wealth Partners LLC

Oak Harbor Wealth Partners LLC lifted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 3.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,686 shares of the basic materials company’s stock after purchasing an additional 212 shares during the period. Oak Harbor Wealth Partners LLC’s holdings in Air Products and Chemicals were worth $1,991,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. ING Groep NV lifted its position in shares of Air Products and Chemicals by 240.7% during the third quarter. ING Groep NV now owns 1,023,433 shares of the basic materials company’s stock worth $304,717,000 after purchasing an additional 723,019 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Air Products and Chemicals by 8.1% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,235 shares of the basic materials company’s stock worth $2,750,000 after buying an additional 691 shares during the last quarter. Metis Global Partners LLC increased its stake in shares of Air Products and Chemicals by 1.5% in the third quarter. Metis Global Partners LLC now owns 7,088 shares of the basic materials company’s stock worth $2,110,000 after buying an additional 106 shares during the last quarter. Curi RMB Capital LLC increased its stake in shares of Air Products and Chemicals by 6.6% in the third quarter. Curi RMB Capital LLC now owns 16,017 shares of the basic materials company’s stock worth $4,769,000 after buying an additional 990 shares during the last quarter. Finally, Zions Bancorporation N.A. increased its stake in shares of Air Products and Chemicals by 19.5% in the third quarter. Zions Bancorporation N.A. now owns 2,947 shares of the basic materials company’s stock worth $877,000 after buying an additional 480 shares during the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Performance

Air Products and Chemicals stock opened at $315.88 on Friday. The stock has a 50-day simple moving average of $303.74 and a 200 day simple moving average of $278.86. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $332.42. The stock has a market capitalization of $70.22 billion, a price-to-earnings ratio of 18.39, a P/E/G ratio of 3.12 and a beta of 0.81.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on APD shares. Vertical Research upgraded shares of 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 note on Monday, October 7th. Jefferies Financial Group upgraded shares of 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. Deutsche Bank Aktiengesellschaft lowered shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and dropped their price target for the stock from $310.00 to $280.00 in a research note on Monday, July 22nd. JPMorgan Chase & Co. lowered their target price on shares of Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Finally, StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday, September 23rd. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $329.76.

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.