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

Essex Savings Bank boosted its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 2.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,811 shares of the basic materials company’s stock after buying an additional 51 shares during the quarter. 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.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CX Institutional grew its stake in shares of Air Products and Chemicals by 2.6% in the 3rd quarter. CX Institutional now owns 1,343 shares of the basic materials company’s stock worth $400,000 after purchasing an additional 34 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its stake in shares of Air Products and Chemicals by 0.3% in 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 worth $3,452,000 after purchasing an additional 34 shares during the last quarter. Bank of Stockton increased its position in shares of Air Products and Chemicals by 1.9% in the third quarter. Bank of Stockton now owns 1,813 shares of the basic materials company’s stock worth $540,000 after acquiring an additional 34 shares in the last quarter. Cape Investment Advisory Inc. increased its position in shares of Air Products and Chemicals by 1.0% in the first quarter. Cape Investment Advisory Inc. now owns 3,740 shares of the basic materials company’s stock worth $906,000 after acquiring an additional 37 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its position in shares of Air Products and Chemicals by 22.3% in the third quarter. Exchange Traded Concepts LLC now owns 203 shares of the basic materials company’s stock worth $60,000 after acquiring an additional 37 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Performance

Air Products and Chemicals stock opened at $312.99 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $332.42. The company has a market cap of $69.58 billion, a PE ratio of 27.12, a PEG ratio of 3.22 and a beta of 0.81. The company’s 50-day moving average is $301.56 and its two-hundred day moving average is $276.93.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. BMO Capital Markets lifted their target price on shares of Air Products and Chemicals from $300.00 to $323.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. UBS Group lifted their target price 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. Redburn Atlantic raised shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. lowered their price objective on shares of Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Jefferies Financial Group raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and boosted their price objective for the company from $295.00 to $364.00 in a research report on Monday, October 7th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $327.00.

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.