Air Products and Chemicals, Inc. (NYSE:APD) Shares Bought by Essex Savings Bank

Essex Savings Bank lifted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 2.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,811 shares of the basic materials company’s stock after buying an additional 51 shares during the period. Essex Savings Bank’s holdings in Air Products and Chemicals were worth $539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Meeder Asset Management Inc. acquired a new stake in shares of Air Products and Chemicals during the 2nd quarter worth approximately $32,000. Iron Horse Wealth Management LLC boosted its position in shares of Air Products and Chemicals by 88.7% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 55 shares during the period. Trifecta Capital Advisors LLC boosted its position in shares of 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 worth $37,000 after purchasing an additional 136 shares during the period. Beacon Capital Management LLC boosted its position in shares of Air Products and Chemicals by 128.8% during the 1st quarter. Beacon Capital Management LLC now owns 183 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 103 shares during the period. Finally, Valued Wealth Advisors LLC boosted its position in shares of Air Products and Chemicals by 1,425.0% during 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 period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $312.99 on Friday. The company has a 50-day simple moving average of $301.56 and a 200-day simple moving average of $276.93. 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 debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.27. The stock has a market capitalization of $69.58 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 3.22 and a beta of 0.81.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Thursday, November 7th. The basic materials company reported $3.56 EPS for the quarter, beating analysts’ consensus estimates of $3.44 by $0.12. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. The business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.19 billion. On average, analysts predict that Air Products and Chemicals, Inc. will post 12.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on APD. Barclays increased their price objective on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a research report on Friday. JPMorgan Chase & Co. decreased their price target on shares of Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating for the company in a research report on Friday. Evercore ISI raised shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and raised their price target for the company from $305.00 to $365.00 in a research report on Monday, October 7th. BMO Capital Markets raised their price target on shares of Air Products and Chemicals from $300.00 to $323.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Finally, Jefferies Financial Group raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and raised their price target for the company from $295.00 to $364.00 in a research report on Monday, October 7th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $327.00.

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.