Jensen Investment Management Inc. Grows Position in Air Products and Chemicals, Inc. (NYSE:APD)

Jensen Investment Management Inc. increased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 65.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 13,170 shares of the basic materials company’s stock after buying an additional 5,190 shares during the quarter. Jensen Investment Management Inc.’s holdings in Air Products and Chemicals were worth $3,921,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of APD. Meeder Asset Management Inc. acquired a new stake in shares of Air Products and Chemicals in the 2nd quarter valued at approximately $32,000. Iron Horse Wealth Management LLC grew its position in 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 acquiring an additional 55 shares during the period. Trifecta Capital Advisors LLC grew its position 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 acquiring an additional 136 shares during the period. Beacon Capital Management LLC grew its position in 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 acquiring an additional 103 shares during the period. Finally, Valued Wealth Advisors LLC lifted its stake in shares of Air Products and Chemicals by 1,425.0% during the second quarter. Valued Wealth Advisors LLC now owns 183 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 171 shares in the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Mizuho boosted their price target on Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 9th. BMO Capital Markets raised their target price on Air Products and Chemicals from $300.00 to $323.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Vertical Research raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price objective for the company in a research note on Monday, October 7th. JPMorgan Chase & Co. reduced their price objective on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Citigroup raised their target price on Air Products and Chemicals from $330.00 to $345.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $327.00.

Air Products and Chemicals Trading Up 0.1 %

Shares of Air Products and Chemicals stock traded up $0.17 during trading on Friday, reaching $312.99. The company’s stock had a trading volume of 2,585,110 shares, compared to its average volume of 1,427,137. The company has a market cap of $69.58 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 3.22 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. 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 firm’s 50-day moving average is $301.56 and its two-hundred day moving average is $277.23.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Thursday, November 7th. The basic materials company reported $3.56 EPS for the quarter, topping the consensus estimate of $3.44 by $0.12. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. The firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.19 billion. On average, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 12.31 earnings per share for the current year.

Air Products and Chemicals 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.