Air Products and Chemicals, Inc. (NYSE:APD) Stock Position Raised by Pathstone Holdings LLC

Pathstone Holdings LLC boosted its position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 5.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 36,129 shares of the basic materials company's stock after acquiring an additional 2,007 shares during the period. Pathstone Holdings LLC's holdings in Air Products and Chemicals were worth $10,757,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pathway Financial Advisers LLC boosted its holdings in shares of Air Products and Chemicals by 29,954.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company's stock valued at $861,722,000 after purchasing an additional 2,884,581 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of Air Products and Chemicals by 2,931.0% in the 2nd quarter. National Bank of Canada FI now owns 1,796,531 shares of the basic materials company's stock valued at $444,352,000 after purchasing an additional 1,737,260 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Air Products and Chemicals by 127.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,792,470 shares of the basic materials company's stock valued at $720,597,000 after purchasing an additional 1,564,169 shares during the last quarter. ING Groep NV boosted its holdings in shares of Air Products and Chemicals by 240.7% in the 3rd quarter. ING Groep NV now owns 1,023,433 shares of the basic materials company's stock valued at $304,717,000 after purchasing an additional 723,019 shares during the last quarter. Finally, Mizuho Markets Americas LLC boosted its holdings in shares of Air Products and Chemicals by 318.7% in the 3rd quarter. Mizuho Markets Americas LLC now owns 948,723 shares of the basic materials company's stock valued at $282,473,000 after purchasing an additional 722,132 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on APD shares. UBS Group upgraded shares of Air Products and Chemicals from a "neutral" rating to a "buy" rating and set a $375.00 target price on the stock in a report on Monday. Wells Fargo & Company lifted their target price on shares of Air Products and Chemicals from $280.00 to $330.00 and gave the company an "equal weight" rating in a report on Friday, October 11th. Citigroup lifted their target price on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the company a "buy" rating in a report on Monday, November 11th. JPMorgan Chase & Co. reduced their target price on shares of Air Products and Chemicals from $350.00 to $345.00 and set an "overweight" rating on the stock in a report on Friday, November 8th. Finally, Redburn Atlantic upgraded shares of Air Products and Chemicals from a "sell" rating to a "neutral" rating and set a $330.00 target price on the stock in a report on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Air Products and Chemicals presently has a consensus rating of "Moderate Buy" and a consensus price target of $331.53.

Air Products and Chemicals Price Performance

APD opened at $327.85 on Thursday. The company has a 50-day moving average of $308.70 and a 200-day moving average of $281.76. The company has a market capitalization of $72.88 billion, a P/E ratio of 19.08, a PEG ratio of 3.18 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 debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52.

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.