Air Products and Chemicals, Inc. (NYSE:APD) Shares Acquired by BCGM Wealth Management LLC

BCGM Wealth Management LLC increased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 4.4% during the third quarter, Holdings Channel.com reports. The fund owned 3,354 shares of the basic materials company’s stock after buying an additional 140 shares during the period. BCGM Wealth Management LLC’s holdings in Air Products and Chemicals were worth $999,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several analysts have recently issued reports on APD shares. Barclays lifted their target price on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Mizuho boosted their price objective on Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 9th. Redburn Atlantic raised 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. Evercore ISI raised Air Products and Chemicals from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $305.00 to $365.00 in a research note on Monday, October 7th. Finally, UBS Group increased their price objective on Air Products and Chemicals from $307.00 to $345.00 and gave the company a “neutral” rating in a research note on Tuesday, October 15th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $329.76.

Air Products and Chemicals Stock Performance

Air Products and Chemicals stock opened at $317.10 on Friday. The stock has a market cap of $70.49 billion, a price-to-earnings 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. The firm has a 50 day simple moving average of $305.56 and a 200-day simple moving average of $279.96. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year 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.