Claro Advisors LLC Lowers Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Claro Advisors LLC decreased its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 8.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,089 shares of the basic materials company’s stock after selling 277 shares during the period. Claro Advisors LLC’s holdings in Air Products and Chemicals were worth $920,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of APD. Capital Research Global Investors lifted its position in Air Products and Chemicals by 62.3% during the first quarter. Capital Research Global Investors now owns 11,230,051 shares of the basic materials company’s stock valued at $2,720,704,000 after purchasing an additional 4,309,040 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in Air Products and Chemicals by 4.2% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,062,859 shares of the basic materials company’s stock valued at $790,371,000 after purchasing an additional 122,676 shares during the period. Pathway Financial Advisers LLC boosted its holdings in shares of Air Products and Chemicals by 29,954.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company’s stock valued at $861,722,000 after buying an additional 2,884,581 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Air Products and Chemicals by 127.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,792,470 shares of the basic materials company’s stock valued at $720,597,000 after buying an additional 1,564,169 shares in the last quarter. Finally, Raymond James & Associates boosted its stake in Air Products and Chemicals by 1.7% in the 3rd quarter. Raymond James & Associates now owns 2,043,099 shares of the basic materials company’s stock worth $608,312,000 after purchasing an additional 33,313 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Price Performance

APD stock opened at $317.10 on Monday. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $332.42. 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 market capitalization of $70.50 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 3.18 and a beta of 0.81. The business has a 50 day simple moving average of $305.56 and a 200-day simple moving average of $280.26.

Analyst Ratings Changes

Several equities analysts have issued reports on APD shares. UBS Group upped their target price on shares of Air Products and Chemicals from $307.00 to $345.00 and gave the company a “neutral” rating in a research note on Tuesday, October 15th. Citigroup raised their price target on Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Redburn Atlantic upgraded Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price target on the stock in a research note on Friday, October 25th. Wells Fargo & Company raised their price target on Air Products and Chemicals from $280.00 to $330.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Finally, Barclays lifted their target price on Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $329.76.

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.