Natixis Advisors LLC Grows Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Natixis Advisors LLC lifted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 31.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 156,833 shares of the basic materials company’s stock after purchasing an additional 37,964 shares during the period. Natixis Advisors LLC owned 0.07% of Air Products and Chemicals worth $46,695,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new stake in shares of Air Products and Chemicals in the 2nd quarter worth about $32,000. Iron Horse Wealth Management LLC lifted its holdings in Air Products and Chemicals by 88.7% in the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after buying an additional 55 shares during the period. Trifecta Capital Advisors LLC boosted its position in Air Products and Chemicals by 1,700.0% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 136 shares in the last quarter. Beacon Capital Management LLC grew its holdings in shares of Air Products and Chemicals by 128.8% during the 1st quarter. Beacon Capital Management LLC now owns 183 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 103 shares during the period. Finally, Valued Wealth Advisors LLC boosted its position in shares of Air Products and Chemicals by 1,425.0% during the second quarter. Valued Wealth Advisors LLC now owns 183 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 171 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on APD. StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. Deutsche Bank Aktiengesellschaft lowered shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $310.00 to $280.00 in a research note on Monday, July 22nd. UBS Group raised their target price on shares of Air Products and Chemicals from $307.00 to $345.00 and gave the company a “neutral” rating in a research note on Tuesday, October 15th. Jefferies Financial Group raised Air Products and Chemicals from a “hold” rating to a “buy” rating and boosted their price target for the stock from $295.00 to $364.00 in a research report on Monday, October 7th. Finally, Citigroup raised their price objective on Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Air Products and Chemicals has an average rating of “Moderate Buy” and an average target price of $329.76.

Air Products and Chemicals Trading Up 0.4 %

NYSE:APD opened at $317.10 on Monday. The company has a market cap of $70.50 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 3.18 and a beta of 0.81. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72. The company has a 50 day simple moving average of $305.56 and a two-hundred day simple moving average of $280.26. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $332.42.

About Air Products and Chemicals

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.