Catalina Capital Group LLC Raises Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Catalina Capital Group LLC increased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 8.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 879 shares of the basic materials company’s stock after purchasing an additional 68 shares during the period. Catalina Capital Group LLC’s holdings in Air Products and Chemicals were worth $262,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in shares of Air Products and Chemicals in the second quarter worth $32,000. Iron Horse Wealth Management LLC increased its stake in shares of 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 buying an additional 55 shares during the period. Trifecta Capital Advisors LLC increased its stake in shares of Air Products and Chemicals by 1,700.0% in the second quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock worth $37,000 after buying an additional 136 shares during the period. Beacon Capital Management LLC increased its stake 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 worth $44,000 after buying an additional 103 shares during the period. Finally, Valued Wealth Advisors LLC increased its stake in shares of 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 buying an additional 171 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $306.73 on Thursday. The firm’s 50 day moving average price is $300.16 and its 200-day moving average price is $276.13. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $332.42. 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 stock has a market capitalization of $68.19 billion, a PE ratio of 26.58, a price-to-earnings-growth ratio of 3.25 and a beta of 0.81.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. The Goldman Sachs Group lifted 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 report on Monday, August 5th. StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. BMO Capital Markets upped their price target on shares of Air Products and Chemicals from $300.00 to $323.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. upped their price target on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Finally, Citigroup upped their price target on shares of Air Products and Chemicals from $330.00 to $345.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.12.

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.