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

Horan Capital Advisors LLC. reduced its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 0.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 10,422 shares of the basic materials company’s stock after selling 98 shares during the period. 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.

Other institutional investors have also modified their holdings of the company. Meeder Asset Management Inc. purchased a new position in Air Products and Chemicals in the 2nd quarter valued at $32,000. Iron Horse Wealth Management LLC lifted its stake in shares of Air Products and Chemicals by 88.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 55 shares during the period. Trifecta Capital Advisors LLC boosted its holdings in shares of Air Products and Chemicals by 1,700.0% in the second 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 increased its stake in shares of Air Products and Chemicals by 128.8% during the first 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 raised its holdings in 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 worth $47,000 after purchasing an additional 171 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Trading Up 3.4 %

Shares of APD opened at $327.90 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year high of $332.42. The stock 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 firm has a 50 day simple moving average of $306.64 and a 200-day simple moving average of $280.86.

Analyst Ratings Changes

APD has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft lowered Air Products and Chemicals from a “buy” rating to a “hold” rating and lowered their price objective for the company from $310.00 to $280.00 in a report on Monday, July 22nd. UBS Group upgraded Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price target on the stock in a research note on Monday. Wells Fargo & Company increased their price objective on Air Products and Chemicals from $280.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Vertical Research upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 target price on the stock in a research report on Monday, October 7th. Finally, Citigroup upped their price target 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. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.