Air Products and Chemicals, Inc. (NYSE:APD) Shares Acquired by Mitchell & Pahl Private Wealth LLC

Mitchell & Pahl Private Wealth LLC increased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 2.2% in the third quarter, according to its most recent disclosure with the 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 accounts for about 1.3% of Mitchell & Pahl Private Wealth LLC’s investment portfolio, making the stock its 20th biggest holding. Mitchell & Pahl Private Wealth LLC’s holdings in Air Products and Chemicals were worth $2,739,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP bought a new position in shares of Air Products and Chemicals in the 4th quarter worth about $1,525,000. Nomura Holdings Inc. boosted its stake in Air Products and Chemicals by 46.0% in the fourth quarter. Nomura Holdings Inc. now owns 5,979 shares of the basic materials company’s stock valued at $1,637,000 after acquiring an additional 1,885 shares during the period. CWM LLC grew its holdings in shares of Air Products and Chemicals by 19.0% during the first quarter. CWM LLC now owns 7,125 shares of the basic materials company’s stock valued at $1,726,000 after purchasing an additional 1,136 shares during the last quarter. NBC Securities Inc. raised its position in shares of Air Products and Chemicals by 223.7% during the 1st quarter. NBC Securities Inc. now owns 806 shares of the basic materials company’s stock worth $195,000 after purchasing an additional 557 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Air Products and Chemicals by 5.0% in the 1st quarter. GAMMA Investing LLC now owns 1,522 shares of the basic materials company’s stock worth $369,000 after purchasing an additional 72 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Citigroup upped their price objective on Air Products and Chemicals from $330.00 to $345.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. The Goldman Sachs Group upped their price target on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. lifted their price objective on shares of Air Products and Chemicals from $300.00 to $340.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Mizuho upped their target price on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company lifted their price target on 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 equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $320.24.

Air Products and Chemicals Price Performance

Shares of APD traded up $1.31 during midday trading on Thursday, reaching $328.01. The stock had a trading volume of 306,087 shares, compared to its average volume of 1,625,595. The firm’s 50 day moving average price is $287.49 and its 200-day moving average price is $267.44. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $328.72. The company has a market capitalization of $72.92 billion, a P/E ratio of 29.54, a P/E/G ratio of 3.87 and a beta of 0.82. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 1.10.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, August 1st. The basic materials company reported $3.20 EPS for the quarter, topping the consensus estimate of $3.04 by $0.16. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.04 billion. On average, analysts forecast that Air Products and Chemicals, Inc. will post 12.33 earnings per share for the current fiscal year.

Air Products and Chemicals 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.