Oakview Capital Management L.P. Has $4.07 Million Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Oakview Capital Management L.P. trimmed its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 7.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,674 shares of the basic materials company’s stock after selling 1,117 shares during the period. Air Products and Chemicals comprises 18.9% of Oakview Capital Management L.P.’s holdings, making the stock its largest position. Oakview Capital Management L.P.’s holdings in Air Products and Chemicals were worth $4,071,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of APD. CX Institutional increased its stake in Air Products and Chemicals by 2.6% in the third quarter. CX Institutional now owns 1,343 shares of the basic materials company’s stock valued at $400,000 after purchasing an additional 34 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its stake in Air Products and Chemicals by 0.3% in the third quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,593 shares of the basic materials company’s stock valued at $3,452,000 after purchasing an additional 34 shares in the last quarter. Bank of Stockton increased its stake in Air Products and Chemicals by 1.9% in the third quarter. Bank of Stockton now owns 1,813 shares of the basic materials company’s stock valued at $540,000 after purchasing an additional 34 shares in the last quarter. Cape Investment Advisory Inc. increased its stake in Air Products and Chemicals by 1.0% in the first quarter. Cape Investment Advisory Inc. now owns 3,740 shares of the basic materials company’s stock valued at $906,000 after purchasing an additional 37 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in Air Products and Chemicals by 22.3% in the third quarter. Exchange Traded Concepts LLC now owns 203 shares of the basic materials company’s stock valued at $60,000 after purchasing an additional 37 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

APD has been the subject of several recent research reports. BMO Capital Markets boosted their target price on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. Jefferies Financial Group raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and boosted their target price for the stock from $295.00 to $364.00 in a research report on Monday, October 7th. UBS Group raised shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 target price for the company in a research report on Monday. Finally, Vertical Research raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 target price for the company in a research report on Monday, October 7th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $331.53.

Air Products and Chemicals Stock Performance

Air Products and Chemicals stock opened at $327.73 on Wednesday. The firm’s 50 day simple moving average is $307.69 and its 200 day simple moving average is $281.43. 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 firm has a market capitalization of $72.86 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 3.18 and a beta of 0.81. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year high of $332.42.

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.