Grandfield & Dodd LLC Increases Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Grandfield & Dodd LLC increased its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 1.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 110,219 shares of the basic materials company's stock after buying an additional 1,661 shares during the period. Air Products and Chemicals accounts for about 1.9% of Grandfield & Dodd LLC's portfolio, making the stock its 18th largest holding. Grandfield & Dodd LLC's holdings in Air Products and Chemicals were worth $32,817,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lake Street Advisors Group LLC grew its holdings in shares of Air Products and Chemicals by 20.6% during the 1st quarter. Lake Street Advisors Group LLC now owns 2,016 shares of the basic materials company's stock worth $492,000 after purchasing an additional 345 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake in Air Products and Chemicals by 5.0% in the first quarter. CANADA LIFE ASSURANCE Co now owns 128,767 shares of the basic materials company's stock valued at $31,217,000 after acquiring an additional 6,132 shares during the last quarter. Natixis increased its stake in Air Products and Chemicals by 27.8% in the first quarter. Natixis now owns 29,717 shares of the basic materials company's stock valued at $7,200,000 after acquiring an additional 6,469 shares during the last quarter. Crewe Advisors LLC bought a new stake in Air Products and Chemicals during the first quarter worth $88,000. Finally, LGT Group Foundation boosted its holdings in shares of Air Products and Chemicals by 397.6% in the 1st quarter. LGT Group Foundation now owns 3,871 shares of the basic materials company's stock valued at $938,000 after purchasing an additional 3,093 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on APD. Wells Fargo & Company increased 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. Evercore ISI raised shares of Air Products and Chemicals from an "in-line" rating to an "outperform" rating and boosted their target price for the stock from $305.00 to $365.00 in a research note on Monday, October 7th. Jefferies Financial Group upgraded Air Products and Chemicals from a "hold" rating to a "buy" rating and increased their price target for the company from $295.00 to $364.00 in a research note on Monday, October 7th. Vertical Research upgraded Air Products and Chemicals from a "hold" rating to a "buy" rating and set a $336.00 price objective on the stock in a research report on Monday, October 7th. Finally, Mizuho increased their target price on Air Products and Chemicals from $308.00 to $360.00 and gave the company an "outperform" rating in a research report on Wednesday, October 9th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $331.53.

Air Products and Chemicals Price Performance

NYSE APD traded down $0.15 on Wednesday, hitting $327.85. The stock had a trading volume of 1,634,688 shares, compared to its average volume of 1,612,912. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $332.42. The company has a market capitalization of $72.88 billion, a price-to-earnings ratio of 19.08, a price-to-earnings-growth ratio of 3.18 and a beta of 0.81. The firm has a 50-day moving average of $307.69 and a 200-day moving average of $281.43.

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.