Maxwell Wealth Strategies Inc. Acquires 146 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Maxwell Wealth Strategies Inc. grew its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 8,031 shares of the basic materials company’s stock after purchasing an additional 146 shares during the period. Maxwell Wealth Strategies Inc.’s holdings in Air Products and Chemicals were worth $2,461,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on APD. Redburn Atlantic upgraded Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price on the stock in a research note on Friday, October 25th. UBS Group upped their price objective on Air Products and Chemicals from $307.00 to $345.00 and gave the company a “neutral” rating in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft cut Air Products and Chemicals from a “buy” rating to a “hold” rating and lowered their target price for the stock from $310.00 to $280.00 in a research note on Monday, July 22nd. The Goldman Sachs Group increased their price target on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, Vertical Research raised shares of 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 report on Monday, October 7th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $329.76.

Air Products and Chemicals Price Performance

APD stock opened at $317.10 on Friday. 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 $70.49 billion, a P/E ratio of 18.46, a P/E/G ratio of 3.14 and a beta of 0.81. The firm’s fifty day moving average is $305.56 and its 200 day moving average is $279.66. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $332.42.

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.