Strategy Asset Managers LLC Acquires 7,965 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Strategy Asset Managers LLC lifted its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 708.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,089 shares of the basic materials company’s stock after purchasing an additional 7,965 shares during the period. Strategy Asset Managers LLC’s holdings in Air Products and Chemicals were worth $2,706,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its stake in Air Products and Chemicals by 0.3% during the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,593 shares of the basic materials company’s stock worth $3,452,000 after buying an additional 34 shares during the period. CX Institutional boosted its holdings in Air Products and Chemicals by 2.6% during the third quarter. CX Institutional now owns 1,343 shares of the basic materials company’s stock worth $400,000 after purchasing an additional 34 shares during the last quarter. Bank of Stockton grew its position in Air Products and Chemicals by 1.9% in the third quarter. Bank of Stockton now owns 1,813 shares of the basic materials company’s stock valued at $540,000 after purchasing an additional 34 shares in the last quarter. Cape Investment Advisory Inc. increased its stake in Air Products and Chemicals by 1.0% in the 1st quarter. Cape Investment Advisory Inc. now owns 3,740 shares of the basic materials company’s stock valued at $906,000 after buying an additional 37 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its position in Air Products and Chemicals by 22.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 203 shares of the basic materials company’s stock worth $60,000 after buying an additional 37 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Jefferies Financial Group upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and raised their price objective for the company from $295.00 to $364.00 in a report on Monday, October 7th. The Goldman Sachs Group raised their price target on 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. JPMorgan Chase & Co. dropped their price objective on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Mizuho raised their target price on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a research note on Wednesday, October 9th. Finally, Barclays boosted their target price on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $331.53.

Air Products and Chemicals Stock Down 0.0 %

Shares of APD opened at $327.73 on Wednesday. The firm’s 50-day simple moving average is $307.69 and its 200 day simple moving average is $281.43. 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 firm has a market cap of $72.86 billion, a P/E ratio of 19.08, a price-to-earnings-growth ratio of 3.18 and a beta of 0.81. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $332.42.

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.