Air Products and Chemicals, Inc. (NYSE:APD) Shares Bought by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC boosted its position in Air Products and Chemicals, Inc. (NYSE:APD) by 318.7% during the third quarter, Holdings Channel reports. The institutional investor owned 948,723 shares of the basic materials company’s stock after purchasing an additional 722,132 shares during the quarter. Air Products and Chemicals comprises approximately 5.8% of Mizuho Markets Americas LLC’s portfolio, making the stock its 2nd largest holding. Mizuho Markets Americas LLC’s holdings in Air Products and Chemicals were worth $282,473,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of APD. Capital Research Global Investors increased its stake in Air Products and Chemicals by 62.3% in the 1st 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 buying an additional 4,309,040 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Air Products and Chemicals by 4.2% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,062,859 shares of the basic materials company’s stock worth $790,371,000 after buying an additional 122,676 shares during the last quarter. Pathway Financial Advisers LLC raised its position in Air Products and Chemicals by 29,954.1% during the third quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company’s stock worth $861,722,000 after acquiring an additional 2,884,581 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Air Products and Chemicals by 127.3% in the 2nd 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 acquiring an additional 1,564,169 shares during the period. Finally, Raymond James & Associates increased its stake in shares of Air Products and Chemicals by 1.7% during the 3rd quarter. Raymond James & Associates now owns 2,043,099 shares of the basic materials company’s stock worth $608,312,000 after purchasing an additional 33,313 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

APD has been the subject of several recent analyst reports. Jefferies Financial Group upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and raised their target price for the company from $295.00 to $364.00 in a research note on Monday, October 7th. BMO Capital Markets lifted their target price on Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft cut Air Products and Chemicals from a “buy” rating to a “hold” rating and dropped their price target for the company from $310.00 to $280.00 in a research note on Monday, July 22nd. Wells Fargo & Company lifted their price objective on shares of Air Products and Chemicals from $280.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. 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 analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $329.76.

Air Products and Chemicals Price Performance

Air Products and Chemicals stock opened at $317.10 on Friday. The stock’s fifty day moving average price is $305.56 and its two-hundred day moving average price is $279.66. The firm has a market cap of $70.49 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 3.14 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 1.34. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $332.42.

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.