Harbour Investment Management LLC Has $3.13 Million Position in Air Products and Chemicals, Inc. (NYSE:APD)

Harbour Investment Management LLC decreased its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 1.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,514 shares of the basic materials company’s stock after selling 200 shares during the period. Air Products and Chemicals comprises about 1.4% of Harbour Investment Management LLC’s holdings, making the stock its 23rd largest holding. Harbour Investment Management LLC’s holdings in Air Products and Chemicals were worth $3,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Capital Research Global Investors increased its stake in shares of Air Products and Chemicals by 62.3% in the first quarter. Capital Research Global Investors now owns 11,230,051 shares of the basic materials company’s stock valued at $2,720,704,000 after buying an additional 4,309,040 shares during the period. Pathway Financial Advisers LLC increased its position in Air Products and Chemicals by 29,954.1% in the 3rd 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 period. National Bank of Canada FI raised its stake in shares of Air Products and Chemicals by 2,931.0% during the second quarter. National Bank of Canada FI now owns 1,796,531 shares of the basic materials company’s stock valued at $444,352,000 after acquiring an additional 1,737,260 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of 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 purchasing an additional 1,564,169 shares during the period. Finally, Van ECK Associates Corp grew its stake in shares of Air Products and Chemicals by 1,685.4% in the third quarter. Van ECK Associates Corp now owns 764,489 shares of the basic materials company’s stock worth $249,698,000 after purchasing an additional 721,671 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Stock Down 0.4 %

APD stock traded down $1.32 during midday trading on Friday, reaching $309.21. 794,696 shares of the company’s stock traded hands, compared to its average volume of 1,611,373. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $332.42. The company has a market cap of $68.74 billion, a price-to-earnings ratio of 26.79, a P/E/G ratio of 3.28 and a beta of 0.82. The firm’s fifty day moving average price is $298.45 and its 200-day moving average price is $274.55. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.77.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Thursday, August 1st. The basic materials company reported $3.20 earnings per share for the quarter, topping analysts’ consensus estimates of $3.04 by $0.16. The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.04 billion. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. As a group, sell-side analysts forecast that Air Products and Chemicals, Inc. will post 12.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

APD has been the subject of several analyst reports. JPMorgan Chase & Co. raised their target price on Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Vertical Research raised 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 note on Monday, October 7th. BMO Capital Markets increased their target price on shares of Air Products and Chemicals from $300.00 to $323.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. The Goldman Sachs Group raised their price target on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Finally, UBS Group upped their price objective 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. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $326.12.

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.