Kirtland Hills Capital Management LLC Sells 103 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Kirtland Hills Capital Management LLC lessened its position in Air Products and Chemicals, Inc. (NYSE:APD) by 3.3% during the third quarter, Holdings Channel.com reports. The fund owned 2,998 shares of the basic materials company’s stock after selling 103 shares during the period. Kirtland Hills Capital Management LLC’s holdings in Air Products and Chemicals were worth $892,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of APD. Meeder Asset Management Inc. bought a new stake in shares of Air Products and Chemicals during the 2nd quarter valued at about $32,000. Iron Horse Wealth Management LLC boosted its stake in shares of Air Products and Chemicals by 88.7% during the 3rd 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 Air Products and Chemicals by 1,700.0% during the 2nd 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. Prospera Private Wealth LLC purchased a new position in Air Products and Chemicals during the 3rd quarter valued at about $42,000. Finally, Beacon Capital Management LLC lifted its position in Air Products and Chemicals by 128.8% during the 1st 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. Institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on APD. Wells Fargo & Company lifted 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. BMO Capital Markets lifted their target price on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. decreased their target price on shares of Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Mizuho lifted their target price on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a report on Wednesday, October 9th. Finally, UBS Group raised shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $375.00 price objective for the company in a report on Monday. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $331.53.

Air Products and Chemicals Stock Performance

APD opened at $327.73 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34. The firm has a fifty day moving average price of $307.69 and a 200 day moving average price of $281.43. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $332.42. The stock has a market cap of $72.86 billion, a P/E ratio of 19.08, a P/E/G ratio of 3.18 and a beta of 0.81.

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.