Cutter & CO Brokerage Inc. Has $3.61 Million Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Cutter & CO Brokerage Inc. grew its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 5.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,116 shares of the basic materials company’s stock after buying an additional 576 shares during the quarter. Air Products and Chemicals makes up 0.8% of Cutter & CO Brokerage Inc.’s portfolio, making the stock its 29th largest position. Cutter & CO Brokerage Inc.’s holdings in Air Products and Chemicals were worth $3,608,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its holdings in Air Products and Chemicals by 0.3% in the third 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 during the last quarter. CX Institutional boosted its holdings in 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 worth $400,000 after buying an additional 34 shares during 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 buying an additional 34 shares during the last quarter. Cape Investment Advisory Inc. boosted its holdings in Air Products and Chemicals by 1.0% during the first quarter. Cape Investment Advisory Inc. now owns 3,740 shares of the basic materials company’s stock worth $906,000 after buying an additional 37 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in Air Products and Chemicals by 22.3% during the third quarter. Exchange Traded Concepts LLC now owns 203 shares of the basic materials company’s stock worth $60,000 after buying an additional 37 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on APD. Wells Fargo & Company raised their target price on Air Products and Chemicals from $280.00 to $330.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. StockNews.com upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. Evercore ISI upgraded Air Products and Chemicals from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $305.00 to $365.00 in a report on Monday, October 7th. BMO Capital Markets raised their target price on Air Products and Chemicals from $300.00 to $323.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, UBS Group raised their price target on 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 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, the company has a consensus rating of “Moderate Buy” and an average price target of $326.12.

Air Products and Chemicals Price Performance

NYSE:APD traded down $2.85 during mid-day trading on Tuesday, reaching $315.41. The stock had a trading volume of 123,849 shares, compared to its average volume of 1,607,833. The stock has a 50-day simple moving average of $295.48 and a two-hundred day simple moving average of $272.56. The stock has a market capitalization of $70.12 billion, a PE ratio of 28.72, 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, Inc. has a 12 month low of $212.24 and a 12 month high of $332.42.

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

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.