Natixis Advisors LLC Acquires 37,964 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Natixis Advisors LLC raised its position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 31.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,833 shares of the basic materials company's stock after purchasing an additional 37,964 shares during the period. Natixis Advisors LLC owned 0.07% of Air Products and Chemicals worth $46,695,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in APD. Iron Horse Wealth Management LLC lifted its stake in shares of Air Products and Chemicals by 88.7% in 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 during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Air Products and Chemicals during the 2nd quarter worth $32,000. Trifecta Capital Advisors LLC grew its stake in Air Products and Chemicals by 1,700.0% in the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company's stock valued at $37,000 after buying an additional 136 shares during the last quarter. Reston Wealth Management LLC acquired a new position in Air Products and Chemicals in the 3rd quarter valued at $47,000. 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 worth $44,000 after acquiring an additional 103 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on APD. UBS Group raised Air Products and Chemicals from a "neutral" rating to a "buy" rating and set a $375.00 price target on the stock in a research report on Monday. Deutsche Bank Aktiengesellschaft lowered Air Products and Chemicals from a "buy" rating to a "hold" rating and lowered their price target for the company from $310.00 to $280.00 in a research note on Monday, July 22nd. Evercore ISI upgraded Air Products and Chemicals from an "in-line" rating to an "outperform" rating and raised their price objective for the stock from $305.00 to $365.00 in a research report on Monday, October 7th. Mizuho lifted their price objective on 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, Jefferies Financial Group upgraded Air Products and Chemicals from a "hold" rating to a "buy" rating and upped their target price for the company from $295.00 to $364.00 in a research note on Monday, October 7th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Air Products and Chemicals presently has a consensus rating of "Moderate Buy" and a consensus target price of $331.53.

Air Products and Chemicals Price Performance

Shares of APD traded up $10.80 on Monday, hitting $327.90. The company's stock had a trading volume of 1,898,355 shares, compared to its average volume of 1,611,343. The company 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 fifty-two week low of $212.24 and a fifty-two week high of $332.42. The company has a market capitalization of $72.90 billion, a PE ratio of 18.46, a PEG ratio of 3.18 and a beta of 0.81. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34.

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.