Catalytic Wealth RIA LLC Boosts Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Catalytic Wealth RIA LLC raised its position in Air Products and Chemicals, Inc. (NYSE:APD) by 8.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,266 shares of the basic materials company’s stock after buying an additional 101 shares during the quarter. Catalytic Wealth RIA LLC’s holdings in Air Products and Chemicals were worth $377,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of APD. Capital Research Global Investors lifted its position in 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 purchasing an additional 4,309,040 shares during the period. Pathway Financial Advisers LLC lifted its holdings in shares of 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 buying an additional 2,884,581 shares during the period. National Bank of Canada FI boosted its stake in shares of Air Products and Chemicals by 2,931.0% in the second quarter. National Bank of Canada FI now owns 1,796,531 shares of the basic materials company’s stock valued at $444,352,000 after buying an additional 1,737,260 shares in the last quarter. Massachusetts Financial Services Co. MA boosted 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 valued at $720,597,000 after buying an additional 1,564,169 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in Air Products and Chemicals by 1,685.4% in the third quarter. Van ECK Associates Corp now owns 764,489 shares of the basic materials company’s stock worth $249,698,000 after acquiring an additional 721,671 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on APD shares. Wells Fargo & Company upped their price target on shares of Air Products and Chemicals from $280.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Citigroup upped their target price 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. JPMorgan Chase & Co. decreased 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. StockNews.com raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday, September 23rd. Finally, Deutsche Bank Aktiengesellschaft downgraded Air Products and Chemicals from a “buy” rating to a “hold” rating and decreased their target price for the stock from $310.00 to $280.00 in a research report on Monday, July 22nd. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $328.18.

Air Products and Chemicals Trading Up 0.3 %

Shares of APD stock opened at $313.91 on Tuesday. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year high of $332.42. The firm’s 50-day simple moving average is $301.56 and its 200-day simple moving average is $277.53. The firm has a market cap of $69.79 billion, a P/E ratio of 18.27, a PEG ratio of 3.46 and a beta of 0.81. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.10.

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.