Mizuho Markets Americas LLC Increases Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Mizuho Markets Americas LLC grew its holdings in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 318.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 948,723 shares of the basic materials company's stock after purchasing an additional 722,132 shares during the quarter. Air Products and Chemicals makes up approximately 5.8% of Mizuho Markets Americas LLC's holdings, making the stock its 2nd biggest holding. Mizuho Markets Americas LLC owned about 0.43% of Air Products and Chemicals worth $282,473,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. CX Institutional lifted its holdings in shares of Air Products and Chemicals by 2.6% in the third quarter. CX Institutional now owns 1,343 shares of the basic materials company's stock worth $400,000 after acquiring an additional 34 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its holdings in shares of Air Products and Chemicals by 0.3% during the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,593 shares of the basic materials company's stock valued at $3,452,000 after acquiring an additional 34 shares in the last quarter. Bank of Stockton grew its position in Air Products and Chemicals by 1.9% during the 3rd quarter. Bank of Stockton now owns 1,813 shares of the basic materials company's stock worth $540,000 after acquiring an additional 34 shares during the last quarter. Cape Investment Advisory Inc. increased its holdings in Air Products and Chemicals by 1.0% in the 1st quarter. Cape Investment Advisory Inc. now owns 3,740 shares of the basic materials company's stock worth $906,000 after purchasing an additional 37 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in Air Products and Chemicals by 22.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 203 shares of the basic materials company's stock valued at $60,000 after buying an additional 37 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

Air Products and Chemicals Price Performance

Shares of Air Products and Chemicals stock traded up $1.22 on Friday, hitting $317.10. 1,113,047 shares of the company traded hands, compared to its average volume of 1,610,051. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52. The stock has a market capitalization of $70.49 billion, a P/E ratio of 18.46, a price-to-earnings-growth ratio of 3.14 and a beta of 0.81. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $332.42. The business has a 50-day simple moving average of $305.56 and a 200 day simple moving average of $279.66.

Analysts Set New Price Targets

Several equities analysts have issued reports on APD shares. Evercore ISI upgraded shares of Air Products and Chemicals from an "in-line" rating to an "outperform" rating and upped their price target for the company from $305.00 to $365.00 in a research report on Monday, October 7th. Barclays increased 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. Wells Fargo & Company lifted their price objective on Air Products and Chemicals from $280.00 to $330.00 and gave the stock an "equal weight" rating in a research report on Friday, October 11th. Redburn Atlantic upgraded Air Products and Chemicals from a "sell" rating to a "neutral" rating and set a $330.00 target price for the company in a research note on Friday, October 25th. Finally, Mizuho lifted 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. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Air Products and Chemicals currently has a consensus rating of "Moderate Buy" and a consensus price target of $329.76.

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.