AustralianSuper Pty Ltd Has $2.52 Million Position in Air Products and Chemicals, Inc. (NYSE:APD)

AustralianSuper Pty Ltd reduced its position in Air Products and Chemicals, Inc. (NYSE:APD) by 95.0% during the third quarter, Holdings Channel.com reports. The firm owned 8,475 shares of the basic materials company’s stock after selling 160,127 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Air Products and Chemicals were worth $2,523,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Meeder Asset Management Inc. acquired a new position in shares of Air Products and Chemicals during the second quarter valued at about $32,000. Iron Horse Wealth Management LLC lifted its position in shares of Air Products and Chemicals by 88.7% during the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 55 shares in the last quarter. Trifecta Capital Advisors LLC lifted its position in shares of 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 purchasing an additional 136 shares in the last quarter. Beacon Capital Management LLC lifted its position in shares of Air Products and Chemicals by 128.8% during 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 in the last quarter. Finally, Valued Wealth Advisors LLC raised its position in Air Products and Chemicals by 1,425.0% in the second quarter. Valued Wealth Advisors LLC now owns 183 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 171 shares during the period. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Down 0.7 %

NYSE:APD opened at $310.53 on Friday. The firm has a market capitalization of $69.03 billion, a P/E ratio of 28.03, a P/E/G ratio of 3.87 and a beta of 0.82. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.77. The company has a fifty day moving average of $297.78 and a 200 day moving average of $273.69. 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 quarterly earnings data 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. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.04 billion. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. On average, research analysts predict that Air Products and Chemicals, Inc. will post 12.33 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Mizuho lifted their price objective on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. Jefferies Financial Group raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $295.00 to $364.00 in a research report on Monday, October 7th. The Goldman Sachs Group boosted their price target on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, Wells Fargo & Company boosted their price target on shares of 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. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $326.12.

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.