Haverford Financial Services Inc. Has $5.26 Million Stock Position in Air Products & Chemicals, Inc. (NYSE:APD)

Haverford Financial Services Inc. reduced its position in Air Products & Chemicals, Inc. (NYSE:APD) by 10.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 23,724 shares of the basic materials company’s stock after selling 2,770 shares during the period. Air Products & Chemicals accounts for approximately 1.8% of Haverford Financial Services Inc.’s investment portfolio, making the stock its 25th largest holding. Haverford Financial Services Inc.’s holdings in Air Products & Chemicals were worth $5,263,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in APD. Bailard Inc. grew its stake in shares of Air Products & Chemicals by 2.0% during the second quarter. Bailard Inc. now owns 2,347 shares of the basic materials company’s stock worth $531,000 after purchasing an additional 45 shares during the period. Sullivan Bruyette Speros & Blaney LLC lifted its holdings in Air Products & Chemicals by 3.2% during the second quarter. Sullivan Bruyette Speros & Blaney LLC now owns 1,549 shares of the basic materials company’s stock worth $351,000 after acquiring an additional 48 shares in the last quarter. Jaffetilchin Investment Partners LLC lifted its holdings in Air Products & Chemicals by 1.7% during the third quarter. Jaffetilchin Investment Partners LLC now owns 2,945 shares of the basic materials company’s stock worth $653,000 after acquiring an additional 48 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in Air Products & Chemicals by 1.6% during the third quarter. Municipal Employees Retirement System of Michigan now owns 3,090 shares of the basic materials company’s stock worth $686,000 after acquiring an additional 50 shares in the last quarter. Finally, Rehmann Capital Advisory Group lifted its holdings in Air Products & Chemicals by 8.0% during the second quarter. Rehmann Capital Advisory Group now owns 719 shares of the basic materials company’s stock worth $163,000 after acquiring an additional 53 shares in the last quarter. 85.26% of the stock is owned by institutional investors.

Several research analysts have weighed in on APD shares. ValuEngine lowered Air Products & Chemicals from a “buy” rating to a “hold” rating in a report on Tuesday, September 10th. Citigroup set a $260.00 target price on Air Products & Chemicals and gave the stock a “buy” rating in a report on Monday, July 15th. Barclays lifted their target price on Air Products & Chemicals from $220.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Zacks Investment Research upgraded Air Products & Chemicals from a “sell” rating to a “hold” rating and set a $228.00 target price on the stock in a report on Thursday, October 31st. Finally, BMO Capital Markets lifted their target price on Air Products & Chemicals from $235.00 to $252.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Air Products & Chemicals currently has a consensus rating of “Hold” and a consensus target price of $238.47.

Shares of Air Products & Chemicals stock traded up $6.29 during trading on Friday, reaching $233.87. The stock had a trading volume of 1,809,915 shares, compared to its average volume of 833,822. The company has a market capitalization of $47.72 billion, a price-to-earnings ratio of 31.39, a P/E/G ratio of 1.91 and a beta of 0.84. The stock has a fifty day moving average price of $216.06 and a two-hundred day moving average price of $218.06. Air Products & Chemicals, Inc. has a 52 week low of $149.64 and a 52 week high of $232.47. The company has a current ratio of 2.28, a quick ratio of 2.09 and a debt-to-equity ratio of 0.28.

Air Products & Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, November 7th. The basic materials company reported $2.27 EPS for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.02). Air Products & Chemicals had a net margin of 19.14% and a return on equity of 15.42%. The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.37 billion. During the same quarter last year, the firm earned $2.00 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. On average, equities analysts forecast that Air Products & Chemicals, Inc. will post 8.24 EPS for the current fiscal year.

About Air Products & Chemicals

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

Read More: Example of operating income, EBIT and EBITDA

Institutional Ownership by Quarter for Air Products & Chemicals (NYSE:APD)

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