Fiduciary Family Office LLC Buys Shares of 2,271 Air Products and Chemicals, Inc. (NYSE:APD)

Fiduciary Family Office LLC purchased a new position in Air Products and Chemicals, Inc. (NYSE:APD) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 2,271 shares of the basic materials company’s stock, valued at approximately $676,000.

Other large investors also recently modified their holdings of the company. Crestwood Advisors Group LLC bought a new stake in shares of Air Products and Chemicals during the 3rd quarter worth about $230,000. Stoneridge Investment Partners LLC bought a new stake in Air Products and Chemicals during the third quarter worth approximately $1,000,000. Catalyst Capital Advisors LLC boosted its stake in Air Products and Chemicals by 301.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,083 shares of the basic materials company’s stock valued at $322,000 after purchasing an additional 813 shares in the last quarter. Impax Asset Management Group plc acquired a new position in shares of Air Products and Chemicals during the 3rd quarter valued at $3,234,000. Finally, National Pension Service raised its stake in shares of Air Products and Chemicals by 7.7% in the 3rd quarter. National Pension Service now owns 436,143 shares of the basic materials company’s stock worth $129,857,000 after buying an additional 31,028 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

APD has been the topic of a number of research analyst reports. Evercore ISI raised Air Products and Chemicals from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $305.00 to $365.00 in a report on Monday, October 7th. Wells Fargo & Company boosted their target price on shares of 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. Redburn Atlantic upgraded shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price for the company in a report on Friday, October 25th. Barclays increased their price objective on Air Products and Chemicals from $290.00 to $295.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. lifted their target price on Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Nine equities research 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 stock presently has an average rating of “Moderate Buy” and an average price target of $326.12.

Air Products and Chemicals Stock Performance

APD traded down $0.11 during midday trading on Tuesday, reaching $305.98. The company’s stock had a trading volume of 248,309 shares, compared to its average volume of 1,604,988. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77. The company has a fifty day simple moving average of $298.99 and a 200 day simple moving average of $275.39. The stock has a market cap of $68.02 billion, a P/E ratio of 26.52, a PEG ratio of 3.25 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.

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.