F M Investments LLC Has $8.15 Million Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

F M Investments LLC cut its position in Air Products and Chemicals, Inc. (NYSE:APD) by 1.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,359 shares of the basic materials company’s stock after selling 299 shares during the period. F M Investments LLC’s holdings in Air Products and Chemicals were worth $8,145,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tower Wealth Partners Inc. acquired a new position in Air Products and Chemicals in the third quarter valued at about $266,000. Farther Finance Advisors LLC boosted its position in Air Products and Chemicals by 8.6% in the third quarter. Farther Finance Advisors LLC now owns 2,605 shares of the basic materials company’s stock valued at $776,000 after buying an additional 207 shares in the last quarter. Silver Coast Investments LLC boosted its position in Air Products and Chemicals by 14.7% in the third quarter. Silver Coast Investments LLC now owns 981 shares of the basic materials company’s stock valued at $292,000 after buying an additional 126 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its position in shares of Air Products and Chemicals by 5.8% during the third quarter. Creative Financial Designs Inc. ADV now owns 4,042 shares of the basic materials company’s stock worth $1,204,000 after purchasing an additional 223 shares in the last quarter. Finally, Principal Securities Inc. lifted its position in shares of Air Products and Chemicals by 7.4% during the third quarter. Principal Securities Inc. now owns 17,412 shares of the basic materials company’s stock worth $5,184,000 after purchasing an additional 1,195 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Trading Down 0.4 %

Shares of NYSE:APD opened at $309.21 on Friday. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 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 company’s fifty day simple moving average is $298.45 and its 200 day simple moving average is $274.55. The firm has a market cap of $68.74 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 3.28 and a beta of 0.82.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, August 1st. The basic materials company reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $3.04 by $0.16. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.04 billion. As a group, research analysts forecast that Air Products and Chemicals, Inc. will post 12.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

APD has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft lowered shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and reduced their target price for the stock from $310.00 to $280.00 in a research report on Monday, July 22nd. UBS Group upped their target price on shares of Air Products and Chemicals from $307.00 to $345.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 15th. StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. The Goldman Sachs Group upped their target price on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Finally, Citigroup upped their target price on shares of 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 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 company has a consensus rating of “Moderate Buy” and an average price target 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.