Natixis Advisors LLC Grows Position in Air Products and Chemicals, Inc. (NYSE:APD)

Natixis Advisors LLC grew its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 31.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 156,833 shares of the basic materials company’s stock after buying an additional 37,964 shares during the quarter. Natixis Advisors LLC’s holdings in Air Products and Chemicals were worth $46,695,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Meeder Asset Management Inc. purchased a new stake in Air Products and Chemicals in the 2nd quarter worth approximately $32,000. Iron Horse Wealth Management LLC increased its stake in shares of Air Products and Chemicals by 88.7% in the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 55 shares in the last quarter. Trifecta Capital Advisors LLC raised its position in shares of 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 purchasing an additional 136 shares during the period. Beacon Capital Management LLC lifted its stake in shares of 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 buying an additional 103 shares in the last quarter. Finally, Valued Wealth Advisors LLC boosted its holdings in Air Products and Chemicals by 1,425.0% in the 2nd quarter. Valued Wealth Advisors LLC now owns 183 shares of the basic materials company’s stock worth $47,000 after buying an additional 171 shares during the period. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

Shares of Air Products and Chemicals stock opened at $317.10 on Monday. The stock has a market cap of $70.50 billion, a price-to-earnings ratio of 18.46, a price-to-earnings-growth ratio of 3.18 and a beta of 0.81. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52. The stock has a 50 day moving average price of $305.56 and a 200-day moving average price of $280.26. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $332.42.

Wall Street Analysts Forecast Growth

APD has been the topic of a number of recent analyst reports. Mizuho raised their price target on Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. Redburn Atlantic raised Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price on the stock in a research note on Friday, October 25th. JPMorgan Chase & Co. dropped their price target 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, November 8th. Evercore ISI upgraded shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $305.00 to $365.00 in a research report on Monday, October 7th. Finally, Jefferies Financial Group upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and upped their target price for the stock from $295.00 to $364.00 in a research report on Monday, October 7th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.