Maxwell Wealth Strategies Inc. Grows Position in Air Products and Chemicals, Inc. (NYSE:APD)

Maxwell Wealth Strategies Inc. boosted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,031 shares of the basic materials company’s stock after buying an additional 146 shares during the quarter. Maxwell Wealth Strategies Inc.’s holdings in Air Products and Chemicals were worth $2,461,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Iron Horse Wealth Management LLC raised its stake in shares of Air Products and Chemicals by 88.7% during the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 55 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in Air Products and Chemicals during the 2nd quarter valued at about $32,000. Trifecta Capital Advisors LLC raised its position in Air Products and Chemicals by 1,700.0% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 136 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in Air Products and Chemicals in the 3rd quarter worth approximately $47,000. Finally, Beacon Capital Management LLC grew its position in shares of Air Products and Chemicals by 128.8% in the 1st quarter. Beacon Capital Management LLC now owns 183 shares of the basic materials company’s stock worth $44,000 after buying an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

Air Products and Chemicals stock opened at $317.10 on Friday. The stock’s 50 day moving average is $305.56 and its 200 day moving average is $279.66. The company has a market capitalization of $70.49 billion, a P/E ratio of 18.46, a PEG ratio of 3.14 and a beta of 0.81. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $332.42. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72.

Analysts Set New Price Targets

APD has been the subject of a number of recent analyst reports. Citigroup upped their target price on Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a report on Monday, November 11th. The Goldman Sachs Group upped their price objective on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft cut shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and dropped their target price for the stock from $310.00 to $280.00 in a research report on Monday, July 22nd. Vertical Research upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price target on the stock in a research report on Monday, October 7th. Finally, Barclays raised their price objective on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Nine 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 $329.76.

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.