Tokio Marine Asset Management Co. Ltd. Increases Position in Air Products and Chemicals, Inc. (NYSE:APD)

Tokio Marine Asset Management Co. Ltd. boosted its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 8.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,235 shares of the basic materials company’s stock after acquiring an additional 691 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Air Products and Chemicals were worth $2,750,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Iron Horse Wealth Management LLC boosted its holdings in shares of Air Products and Chemicals by 88.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after buying an additional 55 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Air Products and Chemicals in the 2nd quarter worth approximately $32,000. Trifecta Capital Advisors LLC lifted its position in Air Products and Chemicals by 1,700.0% in the second quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 136 shares during the period. Reston Wealth Management LLC bought a new position in Air Products and Chemicals during the 3rd quarter valued at $47,000. Finally, Beacon Capital Management LLC raised its stake 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 in the last quarter. Institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

APD has been the topic of a number of research analyst reports. StockNews.com raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. Jefferies Financial Group upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and lifted their price target for the stock from $295.00 to $364.00 in a research report on Monday, October 7th. Citigroup increased their price objective on Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a research report on Monday. 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 report on Thursday. Finally, UBS Group upped their target price on Air Products and Chemicals from $307.00 to $345.00 and gave the company a “neutral” rating in a report on Tuesday, October 15th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $329.76.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $315.88 on Friday. The firm has a market cap of $70.22 billion, a price-to-earnings ratio of 18.39, a P/E/G ratio of 3.12 and a beta of 0.81. 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 current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72. The business has a fifty day simple moving average of $303.74 and a 200 day simple moving average of $278.86.

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.