EagleClaw Capital Managment LLC Grows Position in Air Products and Chemicals, Inc. (NYSE:APD)

EagleClaw Capital Managment LLC increased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,395 shares of the basic materials company’s stock after acquiring an additional 575 shares during the quarter. Air Products and Chemicals comprises 1.9% of EagleClaw Capital Managment LLC’s holdings, making the stock its 12th biggest position. EagleClaw Capital Managment LLC’s holdings in Air Products and Chemicals were worth $11,134,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in APD. Forsta AP Fonden boosted its position in Air Products and Chemicals by 13.4% in the third quarter. Forsta AP Fonden now owns 45,700 shares of the basic materials company’s stock valued at $13,607,000 after buying an additional 5,400 shares during the last quarter. 1832 Asset Management L.P. boosted its holdings in Air Products and Chemicals by 3.6% during the first quarter. 1832 Asset Management L.P. now owns 67,507 shares of the basic materials company’s stock worth $16,355,000 after buying an additional 2,321 shares in the last quarter. Jensen Investment Management Inc. boosted its holdings in Air Products and Chemicals by 65.0% during the third quarter. Jensen Investment Management Inc. now owns 13,170 shares of the basic materials company’s stock worth $3,921,000 after buying an additional 5,190 shares in the last quarter. Woodstock Corp increased its holdings 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 buying an additional 2,387 shares in the last quarter. Finally, Impax Asset Management Group plc purchased a new position in Air Products and Chemicals in the third quarter valued at $3,234,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on APD. Vertical Research raised 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 note on Monday, October 7th. Wells Fargo & Company increased their price target 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. JPMorgan Chase & Co. cut their price objective on 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. Barclays increased their target price on Air Products and Chemicals from $295.00 to $315.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Finally, Redburn Atlantic raised shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price target on the stock in a research note on Friday, October 25th. Eight investment 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 presently has a consensus rating of “Moderate Buy” and an average target price of $331.53.

Air Products and Chemicals Trading Down 0.2 %

APD stock traded down $0.61 during trading on Wednesday, reaching $327.39. 39,569 shares of the stock were exchanged, compared to its average volume of 1,605,535. The business has a 50 day moving average price of $307.69 and a 200-day moving average price of $281.43. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $332.42. 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 $72.78 billion, a price-to-earnings ratio of 19.08, a P/E/G ratio of 3.18 and a beta of 0.81.

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.