Jmac Enterprises LLC Has $1.82 Million Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Jmac Enterprises LLC grew its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 49.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,109 shares of the basic materials company’s stock after acquiring an additional 2,028 shares during the period. Jmac Enterprises LLC’s holdings in Air Products and Chemicals were worth $1,819,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Norden Group LLC raised its position in shares of Air Products and Chemicals by 10.5% during the first quarter. Norden Group LLC now owns 1,785 shares of the basic materials company’s stock worth $432,000 after acquiring an additional 170 shares during the last quarter. Mediolanum International Funds Ltd acquired a new stake in shares of Air Products and Chemicals during the 1st quarter worth approximately $489,000. Avidian Wealth Solutions LLC acquired a new position in Air Products and Chemicals in the first quarter valued at approximately $204,000. SPC Financial Inc. lifted its holdings in Air Products and Chemicals by 30.6% in the first quarter. SPC Financial Inc. now owns 1,957 shares of the basic materials company’s stock valued at $474,000 after buying an additional 458 shares during the period. Finally, Advisory Alpha LLC acquired a new stake in Air Products and Chemicals during the 1st quarter worth $201,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

APD has been the topic of a number of analyst reports. Vertical Research raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price target on the stock in a research note on Monday, October 7th. JPMorgan Chase & Co. boosted their target price on 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. BMO Capital Markets boosted their price objective on shares of Air Products and Chemicals from $300.00 to $323.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft cut shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and reduced their price target for the stock from $310.00 to $280.00 in a research report on Monday, July 22nd. Finally, Barclays lifted their target price on Air Products and Chemicals from $290.00 to $295.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $326.12.

Air Products and Chemicals Stock Performance

Shares of APD stock opened at $314.02 on Thursday. The company has a market capitalization of $69.81 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 3.25 and a beta of 0.81. The company has a 50-day simple moving average of $300.16 and a 200 day simple moving average of $276.13. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.27. 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 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.