Harbour Trust & Investment Management Co Lowers Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Harbour Trust & Investment Management Co reduced its position in Air Products and Chemicals, Inc. (NYSE:APD) by 0.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,299 shares of the basic materials company’s stock after selling 32 shares during the quarter. Harbour Trust & Investment Management Co’s holdings in Air Products and Chemicals were worth $5,746,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in APD. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its position in Air Products and Chemicals by 0.3% during the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,593 shares of the basic materials company’s stock worth $3,452,000 after purchasing an additional 34 shares in the last quarter. CX Institutional raised its position 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 during the period. Cape Investment Advisory Inc. grew its stake in shares of 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 buying an additional 37 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Air Products and Chemicals by 22.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 203 shares of the basic materials company’s stock valued at $60,000 after buying an additional 37 shares during the period. Finally, First Citizens Bank & Trust Co. lifted its position in Air Products and Chemicals by 0.4% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 10,906 shares of the basic materials company’s stock worth $2,814,000 after acquiring an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on APD shares. UBS Group upped 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. Barclays raised their target price on Air Products and Chemicals from $290.00 to $295.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. StockNews.com upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday, September 23rd. BMO Capital Markets increased their price target on Air Products and Chemicals from $300.00 to $323.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft downgraded 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 report on Monday, July 22nd. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $326.12.

Air Products and Chemicals Stock Performance

Shares of APD opened at $322.01 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.27. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $332.42. The firm has a fifty day moving average of $292.79 and a 200-day moving average of $270.59. The company has a market cap of $71.58 billion, a price-to-earnings ratio of 29.06, a price-to-earnings-growth ratio of 3.87 and a beta of 0.82.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Thursday, August 1st. The basic materials company reported $3.20 EPS for the quarter, beating the consensus estimate of $3.04 by $0.16. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.04 billion. As a group, equities analysts anticipate that Air Products and Chemicals, Inc. will post 12.33 earnings per share for the current year.

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.