Carmel Capital Partners LLC Has $282,000 Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Carmel Capital Partners LLC raised its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 12.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 946 shares of the basic materials company’s stock after purchasing an additional 102 shares during the period. Carmel Capital Partners LLC’s holdings in Air Products and Chemicals were worth $282,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Iron Horse Wealth Management LLC boosted its holdings in Air Products and Chemicals by 88.7% in the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 55 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Air Products and Chemicals during the second quarter valued at about $32,000. Trifecta Capital Advisors LLC raised its holdings in Air Products and Chemicals by 1,700.0% during the second quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock valued at $37,000 after buying an additional 136 shares in the last quarter. Reston Wealth Management LLC bought a new position in Air Products and Chemicals during the third quarter valued at about $47,000. Finally, Beacon Capital Management LLC grew its position in shares of Air Products and Chemicals by 128.8% in the first quarter. Beacon Capital Management LLC now owns 183 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on APD. Wells Fargo & Company raised their price target on Air Products and Chemicals from $280.00 to $330.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Vertical Research raised 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. 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 report on Monday, October 7th. Mizuho lifted their target price on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a research note on Wednesday, October 9th. Finally, Redburn Atlantic upgraded shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective for the company in a research report on Friday, October 25th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $327.00.

Air Products and Chemicals Stock Up 0.0 %

Shares of APD stock opened at $312.94 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. The firm’s 50-day moving average is $301.56 and its 200-day moving average is $276.93. The stock has a market cap of $69.57 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 3.21 and a beta of 0.81. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $332.42.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Thursday, November 7th. The basic materials company reported $3.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.44 by $0.12. The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.19 billion. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. Sell-side analysts predict that Air Products and Chemicals, Inc. will post 12.31 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.