HORAN Wealth LLC Invests $2.97 Million in Air Products and Chemicals, Inc. $APD

HORAN Wealth LLC purchased a new stake in Air Products and Chemicals, Inc. (NYSE:APD) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,511 shares of the basic materials company’s stock, valued at approximately $2,965,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. West Oak Capital LLC lifted its position in Air Products and Chemicals by 12.2% during the 2nd quarter. West Oak Capital LLC now owns 10,815 shares of the basic materials company’s stock valued at $3,050,000 after purchasing an additional 1,180 shares during the period. Chapin Davis Inc. grew its stake in shares of Air Products and Chemicals by 16.1% during the 2nd quarter. Chapin Davis Inc. now owns 11,157 shares of the basic materials company’s stock worth $3,147,000 after acquiring an additional 1,551 shares in the last quarter. Revisor Wealth Management LLC grew its stake in shares of Air Products and Chemicals by 110.4% during the 2nd quarter. Revisor Wealth Management LLC now owns 3,265 shares of the basic materials company’s stock worth $966,000 after acquiring an additional 1,713 shares in the last quarter. Norden Group LLC grew its stake in shares of Air Products and Chemicals by 167.3% during the 2nd quarter. Norden Group LLC now owns 5,800 shares of the basic materials company’s stock worth $1,636,000 after acquiring an additional 3,630 shares in the last quarter. Finally, Aberdeen Group plc grew its stake in shares of Air Products and Chemicals by 4.1% during the 2nd quarter. Aberdeen Group plc now owns 113,027 shares of the basic materials company’s stock worth $31,903,000 after acquiring an additional 4,492 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on APD. Wall Street Zen raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Citigroup decreased their target price on shares of Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating for the company in a research note on Monday, October 6th. UBS Group decreased their target price on shares of Air Products and Chemicals from $354.00 to $350.00 and set a “buy” rating for the company in a research note on Monday, October 6th. Wells Fargo & Company raised their target price on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the company an “overweight” rating in a research note on Monday, July 14th. Finally, The Goldman Sachs Group set a $335.00 target price on shares of Air Products and Chemicals in a research note on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $330.00.

Air Products and Chemicals Trading Down 1.5%

Shares of Air Products and Chemicals stock opened at $237.17 on Thursday. The business has a fifty day simple moving average of $270.36 and a two-hundred day simple moving average of $278.19. Air Products and Chemicals, Inc. has a 1 year low of $235.55 and a 1 year high of $341.14. The company has a market capitalization of $52.78 billion, a price-to-earnings ratio of 34.12, a P/E/G ratio of 5.16 and a beta of 0.81. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12.

Air Products and Chemicals Company 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.