Apollon Wealth Management LLC Has $4.25 Million Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Apollon Wealth Management LLC increased its holdings in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 44.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 14,281 shares of the basic materials company's stock after buying an additional 4,379 shares during the period. Apollon Wealth Management LLC's holdings in Air Products and Chemicals were worth $4,252,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of APD. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its stake in 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 purchasing an additional 34 shares during the period. CX Institutional lifted its stake in shares of Air Products and Chemicals by 2.6% in the 3rd 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 period. Bank of Stockton lifted its stake in shares of Air Products and Chemicals by 1.9% in 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 period. Cape Investment Advisory Inc. lifted its stake in shares of 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 acquiring an additional 37 shares during the period. Finally, Exchange Traded Concepts LLC lifted its stake in shares of 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 worth $60,000 after acquiring an additional 37 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Stock Performance

Shares of NYSE APD traded up $0.76 during trading hours on Wednesday, hitting $311.88. 363,647 shares of the stock were exchanged, compared to its average volume of 1,611,917. 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 company's 50 day moving average is $302.98 and its 200 day moving average is $278.62. The firm has a market capitalization of $69.33 billion, a P/E ratio of 18.11, a P/E/G ratio of 3.15 and a beta of 0.81. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $332.42.

Wall Street Analysts Forecast Growth

APD has been the topic of a number of research reports. Vertical Research upgraded shares of Air Products and Chemicals from a "hold" rating to a "buy" rating and set a $336.00 target price on the stock in a report on Monday, October 7th. Jefferies Financial Group upgraded shares of Air Products and Chemicals from a "hold" rating to a "buy" rating and boosted their target price for the stock from $295.00 to $364.00 in a report on Monday, October 7th. BMO Capital Markets boosted their target price on shares of Air Products and Chemicals from $300.00 to $323.00 and gave the stock an "outperform" rating in a report on Monday, August 5th. Redburn Atlantic upgraded shares of Air Products and Chemicals from a "sell" rating to a "neutral" rating and set a $330.00 price target on the stock in a report on Friday, October 25th. Finally, Barclays boosted their price target on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the company an "equal weight" rating in a report on Friday, November 8th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $328.18.

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.