Swiss National Bank Boosts Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Swiss National Bank lifted its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 0.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 659,800 shares of the basic materials company's stock after acquiring an additional 1,600 shares during the quarter. Swiss National Bank owned approximately 0.30% of Air Products and Chemicals worth $196,449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in APD. Iron Horse Wealth Management LLC grew its stake in Air Products and Chemicals by 88.7% during the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company's stock worth $35,000 after purchasing an additional 55 shares during the period. Meeder Asset Management Inc. acquired a new stake in Air Products and Chemicals in the second quarter valued at approximately $32,000. Trifecta Capital Advisors LLC grew its stake in Air Products and Chemicals by 1,700.0% in the second quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company's stock valued at $37,000 after acquiring an additional 136 shares during the period. Reston Wealth Management LLC acquired a new stake in Air Products and Chemicals in the third quarter valued at approximately $47,000. Finally, Beacon Capital Management LLC grew its stake in Air Products and Chemicals by 128.8% in the first quarter. Beacon Capital Management LLC now owns 183 shares of the basic materials company's stock valued at $44,000 after acquiring an additional 103 shares during the period. 81.66% of the stock is currently owned by institutional investors.

Air Products and Chemicals Price Performance

Air Products and Chemicals stock traded up $10.80 during midday trading on Monday, hitting $327.90. 1,898,355 shares of the company's stock were exchanged, compared to its average volume of 1,611,343. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $332.42. The stock has a 50-day moving average price of $305.56 and a two-hundred day moving average price of $280.26. 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 company has a market cap of $72.90 billion, a P/E ratio of 18.46, a PEG ratio of 3.18 and a beta of 0.81.

Analysts Set New Price Targets

A number of brokerages have commented on APD. UBS Group raised Air Products and Chemicals from a "neutral" rating to a "buy" rating and set a $375.00 price objective for the company in a research note on Monday. Citigroup lifted their target price on Air Products and Chemicals from $345.00 to $365.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Barclays lifted their target price on 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. StockNews.com raised Air Products and Chemicals from a "sell" rating to a "hold" rating in a research report on Monday, September 23rd. Finally, Deutsche Bank Aktiengesellschaft cut Air Products and Chemicals from a "buy" rating to a "hold" rating and cut their target price for the company from $310.00 to $280.00 in a research report on Monday, July 22nd. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $331.53.

About Air Products and Chemicals

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.