Horan Capital Advisors LLC. Trims Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Horan Capital Advisors LLC. cut its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 0.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,422 shares of the basic materials company’s stock after selling 98 shares during the quarter. Horan Capital Advisors LLC.’s holdings in Air Products and Chemicals were worth $3,103,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Forsta AP Fonden boosted its stake in Air Products and Chemicals by 13.4% during the third quarter. Forsta AP Fonden now owns 45,700 shares of the basic materials company’s stock worth $13,607,000 after buying an additional 5,400 shares during the period. 1832 Asset Management L.P. boosted its position in shares of Air Products and Chemicals by 3.6% during the 1st quarter. 1832 Asset Management L.P. now owns 67,507 shares of the basic materials company’s stock worth $16,355,000 after purchasing an additional 2,321 shares during the period. Jensen Investment Management Inc. increased its holdings in Air Products and Chemicals by 65.0% in the 3rd quarter. Jensen Investment Management Inc. now owns 13,170 shares of the basic materials company’s stock valued at $3,921,000 after purchasing an additional 5,190 shares during the last quarter. Woodstock Corp raised its position in Air Products and Chemicals by 6.5% in the third quarter. Woodstock Corp now owns 38,976 shares of the basic materials company’s stock valued at $11,605,000 after purchasing an additional 2,387 shares during the period. Finally, Impax Asset Management Group plc acquired a new position in Air Products and Chemicals during the third quarter worth $3,234,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Trading Up 3.4 %

APD opened at $327.90 on Tuesday. The business’s 50 day moving average is $306.64 and its two-hundred day moving average is $280.86. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $332.42. The firm has a market cap of $72.90 billion, a price-to-earnings ratio of 19.09, a price-to-earnings-growth ratio of 3.18 and a beta of 0.81. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72.

Analyst Ratings Changes

APD has been the topic of several research analyst reports. BMO Capital Markets boosted their price objective on Air Products and Chemicals from $323.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Mizuho boosted their price target on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 9th. Redburn Atlantic raised shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective for the company in a research note on Friday, October 25th. Citigroup upped their target price on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Air Products and Chemicals has an average rating of “Moderate Buy” and an average target price of $331.53.

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.