Air Products and Chemicals, Inc. (NYSE:APD) Shares Purchased by Iron Horse Wealth Management LLC

Iron Horse Wealth Management LLC grew its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 88.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 117 shares of the basic materials company’s stock after purchasing an additional 55 shares during the quarter. Iron Horse Wealth Management LLC’s holdings in Air Products and Chemicals were worth $35,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Research Global Investors lifted its stake in Air Products and Chemicals by 62.3% in the 1st quarter. Capital Research Global Investors now owns 11,230,051 shares of the basic materials company’s stock worth $2,720,704,000 after purchasing an additional 4,309,040 shares in the last quarter. National Bank of Canada FI lifted its position in 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 worth $444,352,000 after buying an additional 1,737,260 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in 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 buying an additional 1,564,169 shares during the last quarter. Clearbridge Investments LLC grew its holdings in Air Products and Chemicals by 50.6% in the 1st quarter. Clearbridge Investments LLC now owns 1,547,202 shares of the basic materials company’s stock valued at $374,841,000 after buying an additional 520,179 shares in the last quarter. Finally, Scharf Investments LLC acquired a new stake in shares of Air Products and Chemicals in the 1st quarter worth $87,173,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on APD shares. Deutsche Bank Aktiengesellschaft cut shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and cut their price objective for the stock from $310.00 to $280.00 in a research report on Monday, July 22nd. Evercore ISI upgraded Air Products and Chemicals from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $305.00 to $365.00 in a report on Monday, October 7th. Citigroup lifted their price objective on Air Products and Chemicals from $330.00 to $345.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Barclays raised their target price on shares of Air Products and Chemicals from $290.00 to $295.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Finally, 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Air Products and Chemicals presently has an average rating of “Moderate Buy” and an average target price of $320.82.

Air Products and Chemicals Price Performance

NYSE:APD traded down $4.53 during mid-day trading on Wednesday, hitting $325.84. 269,806 shares of the company’s stock traded hands, compared to its average volume of 1,614,971. The company has a market cap of $72.44 billion, a PE ratio of 29.82, a price-to-earnings-growth ratio of 3.87 and a beta of 0.82. 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 debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.27. The firm’s 50 day simple moving average is $291.79 and its 200 day simple moving average is $270.20.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, August 1st. The basic materials company reported $3.20 earnings per share for the quarter, topping 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 business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.04 billion. Sell-side analysts expect that Air Products and Chemicals, Inc. will post 12.33 EPS for the current year.

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.