Curi RMB Capital LLC Buys 990 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Curi RMB Capital LLC grew its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 6.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,017 shares of the basic materials company’s stock after buying an additional 990 shares during the quarter. Curi RMB Capital LLC’s holdings in Air Products and Chemicals were worth $4,769,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Capital Research Global Investors raised its position in Air Products and Chemicals by 62.3% during the first quarter. Capital Research Global Investors now owns 11,230,051 shares of the basic materials company’s stock valued at $2,720,704,000 after purchasing an additional 4,309,040 shares in the last quarter. Pathway Financial Advisers LLC raised its holdings in shares of Air Products and Chemicals by 29,954.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company’s stock valued at $861,722,000 after buying an additional 2,884,581 shares in the last quarter. National Bank of Canada FI lifted its position in Air Products and Chemicals by 2,931.0% in the 2nd quarter. National Bank of Canada FI now owns 1,796,531 shares of the basic materials company’s stock worth $444,352,000 after buying an additional 1,737,260 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Air Products and Chemicals by 127.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,792,470 shares of the basic materials company’s stock worth $720,597,000 after buying an additional 1,564,169 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Air Products and Chemicals by 1,685.4% during the third quarter. Van ECK Associates Corp now owns 764,489 shares of the basic materials company’s stock worth $249,698,000 after acquiring an additional 721,671 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Stock Performance

Shares of APD opened at $315.88 on Friday. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $332.42. The company has a 50-day simple moving average of $303.74 and a two-hundred day simple moving average of $278.86. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34. The firm has a market capitalization of $70.22 billion, a PE ratio of 18.39, a price-to-earnings-growth ratio of 3.12 and a beta of 0.81.

Analyst Ratings Changes

APD has been the subject of a number of research reports. The Goldman Sachs Group upped their price objective on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Vertical Research raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price objective on the stock in a research note on Monday, October 7th. Redburn Atlantic upgraded Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective on the stock in a report on Friday, October 25th. BMO Capital Markets raised their price target on Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft cut Air Products and Chemicals from a “buy” rating to a “hold” rating and decreased their price target for the stock from $310.00 to $280.00 in a research note on Monday, July 22nd. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Air Products and Chemicals has an average 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.