Air Products and Chemicals, Inc. (NYSE:APD) Shares Acquired by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC raised its position in Air Products and Chemicals, Inc. (NYSE:APD) by 318.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 948,723 shares of the basic materials company’s stock after buying an additional 722,132 shares during the period. Air Products and Chemicals accounts for about 5.8% of Mizuho Markets Americas LLC’s investment portfolio, making the stock its 2nd biggest position. Mizuho Markets Americas LLC owned 0.43% of Air Products and Chemicals worth $282,473,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in APD. Capital Research Global Investors increased its stake in shares of Air Products and Chemicals by 62.3% in 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 buying an additional 4,309,040 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in Air Products and Chemicals by 4.2% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,062,859 shares of the basic materials company’s stock valued at $790,371,000 after acquiring an additional 122,676 shares in the last quarter. Pathway Financial Advisers LLC increased its position in Air Products and Chemicals by 29,954.1% in 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 acquiring an additional 2,884,581 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of 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 acquiring an additional 1,564,169 shares during the last quarter. Finally, Raymond James & Associates lifted its position in shares of Air Products and Chemicals by 1.7% during the third quarter. Raymond James & Associates now owns 2,043,099 shares of the basic materials company’s stock worth $608,312,000 after purchasing an additional 33,313 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on APD shares. Citigroup boosted their price objective on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. cut their price target 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. Jefferies Financial Group upgraded 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 report on Monday, October 7th. Evercore ISI upgraded shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and upped their target price for the company from $305.00 to $365.00 in a research report on Monday, October 7th. Finally, UBS Group lifted their price target on shares of Air Products and Chemicals from $307.00 to $345.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 15th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $329.76.

Air Products and Chemicals Price Performance

Shares of APD opened at $317.10 on Friday. The stock has a 50 day simple moving average of $305.56 and a 200 day simple moving average of $279.66. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $332.42. 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 capitalization of $70.49 billion, a PE ratio of 18.46, a P/E/G ratio of 3.14 and a beta of 0.81.

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.