Hartford Investment Management Co. Has $4.17 Million Position in Air Products and Chemicals, Inc. (NYSE:APD)

Hartford Investment Management Co. cut its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 1.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,990 shares of the basic materials company’s stock after selling 248 shares during the period. Hartford Investment Management Co.’s holdings in Air Products and Chemicals were worth $4,165,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in APD. Meeder Asset Management Inc. acquired a new position in shares of Air Products and Chemicals during the second quarter worth approximately $32,000. Hexagon Capital Partners LLC increased its position in Air Products and Chemicals by 2,250.0% during the first quarter. Hexagon Capital Partners LLC now owns 141 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 135 shares during the period. Trifecta Capital Advisors LLC raised its stake in 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 last quarter. Beacon Capital Management LLC boosted its holdings in Air Products and Chemicals by 128.8% in the 1st quarter. Beacon Capital Management LLC now owns 183 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 103 shares during the period. Finally, Valued Wealth Advisors LLC grew its position 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 purchasing an additional 171 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

APD has been the subject of several research reports. JPMorgan Chase & Co. increased their target price on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Barclays lifted their price objective on Air Products and Chemicals from $290.00 to $295.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. BMO Capital Markets upped their target price on Air Products and Chemicals from $300.00 to $323.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Vertical Research upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price target on the stock in a research note on Monday, October 7th. Finally, Jefferies Financial Group upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and increased their price objective for the company from $295.00 to $364.00 in a research note on Monday, October 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $320.82.

Air Products and Chemicals Stock Down 1.1 %

NYSE APD opened at $326.62 on Thursday. The stock’s 50 day simple moving average is $292.79 and its 200 day simple moving average is $270.59. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 1.10. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $332.42. The firm has a market cap of $72.61 billion, a PE ratio of 29.48, a price-to-earnings-growth ratio of 3.87 and a beta of 0.82.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Thursday, August 1st. The basic materials company reported $3.20 earnings per share for the quarter, beating analysts’ consensus estimates of $3.04 by $0.16. The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.04 billion. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. As a group, sell-side analysts forecast that Air Products and Chemicals, Inc. will post 12.33 earnings per share for the current fiscal year.

About Air Products and Chemicals

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.