Air Products and Chemicals, Inc. (NYSE:APD) Shares Acquired by Two Point Capital Management Inc.

Two Point Capital Management Inc. lifted its position in Air Products and Chemicals, Inc. (NYSE:APD) by 1.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,982 shares of the basic materials company’s stock after purchasing an additional 402 shares during the quarter. Air Products and Chemicals comprises 2.9% of Two Point Capital Management Inc.’s holdings, making the stock its 17th largest position. Two Point Capital Management Inc.’s holdings in Air Products and Chemicals were worth $8,034,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new stake in Air Products and Chemicals in the 2nd quarter worth approximately $32,000. Iron Horse Wealth Management LLC boosted its holdings in 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 worth $35,000 after buying an additional 55 shares during the last quarter. Trifecta Capital Advisors LLC increased its position in shares of Air Products and Chemicals by 1,700.0% during 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 in the last quarter. Beacon Capital Management LLC grew its holdings in shares of 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 buying an additional 103 shares in the last quarter. Finally, Valued Wealth Advisors LLC grew its stake in Air Products and Chemicals by 1,425.0% during the 2nd quarter. Valued Wealth Advisors LLC now owns 183 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 171 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Mizuho upped their target price on Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. BMO Capital Markets lifted their price objective on Air Products and Chemicals from $300.00 to $323.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Barclays upped their target price on shares of Air Products and Chemicals from $290.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. Vertical Research upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price target on the stock in a report on Monday, October 7th. Finally, UBS Group raised their price objective on shares of 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 analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $326.12.

Air Products and Chemicals Stock Up 0.1 %

Air Products and Chemicals stock opened at $306.73 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.27. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $332.42. The stock has a 50-day simple moving average of $300.16 and a 200-day simple moving average of $276.13. The company has a market capitalization of $68.19 billion, a P/E ratio of 26.58, a PEG ratio of 3.25 and a beta of 0.81.

Air Products and Chemicals 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.