Mitchell & Pahl Private Wealth LLC Increases Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Mitchell & Pahl Private Wealth LLC lifted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 2.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,198 shares of the basic materials company’s stock after purchasing an additional 200 shares during the period. Air Products and Chemicals comprises approximately 1.3% of Mitchell & Pahl Private Wealth LLC’s holdings, making the stock its 20th biggest holding. Mitchell & Pahl Private Wealth LLC’s holdings in Air Products and Chemicals were worth $2,739,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Thompson Investment Management Inc. acquired a new stake in shares of Air Products and Chemicals during the 1st quarter worth about $27,000. Meeder Asset Management Inc. acquired a new stake in Air Products and Chemicals during the second quarter worth approximately $32,000. Hexagon Capital Partners LLC boosted 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 last quarter. 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 worth $37,000 after acquiring an additional 136 shares during the period. Finally, OFI Invest Asset Management raised its holdings in Air Products and Chemicals by 104.3% in the 1st quarter. OFI Invest Asset Management now owns 188 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 96 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

APD has been the topic of several recent analyst reports. Barclays increased their price objective on shares of 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. JPMorgan Chase & Co. upped their price target on Air Products and Chemicals from $300.00 to $340.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Evercore ISI raised Air Products and Chemicals from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $305.00 to $365.00 in a research note on Monday, October 7th. Citigroup boosted their target price on Air Products and Chemicals from $330.00 to $345.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Finally, Wells Fargo & Company raised their price target on shares of Air Products and Chemicals from $280.00 to $330.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $320.24.

Air Products and Chemicals Stock Up 0.4 %

Shares of Air Products and Chemicals stock traded up $1.31 during trading hours on Thursday, hitting $328.01. 306,087 shares of the company’s stock traded hands, compared to its average volume of 1,625,595. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $328.72. The company has a market cap of $72.92 billion, a PE ratio of 29.54, a PEG ratio of 3.87 and a beta of 0.82. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.77. The stock has a 50 day simple moving average of $287.49 and a 200-day simple moving average of $267.44.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data 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. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.04 billion. Equities research analysts anticipate 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.