Sumitomo Mitsui Trust Group Inc. Buys 2,413 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Sumitomo Mitsui Trust Group Inc. boosted its holdings in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 0.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 606,457 shares of the basic materials company's stock after purchasing an additional 2,413 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.27% of Air Products and Chemicals worth $180,567,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APD. Capital Research Global Investors increased its holdings in shares of Air Products and Chemicals by 62.3% in the first quarter. Capital Research Global Investors now owns 11,230,051 shares of the basic materials company's stock valued at $2,720,704,000 after purchasing an additional 4,309,040 shares during the last quarter. Pathway Financial Advisers LLC boosted its holdings in shares of Air Products and Chemicals by 29,954.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company's stock worth $861,722,000 after buying an additional 2,884,581 shares during the period. National Bank of Canada FI raised its holdings in 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 acquiring an additional 1,737,260 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Air Products and Chemicals by 127.3% in the second 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 buying an additional 1,564,169 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Air Products and Chemicals by 1,685.4% in the third quarter. Van ECK Associates Corp now owns 764,489 shares of the basic materials company's stock worth $249,698,000 after purchasing an additional 721,671 shares during the period. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Stock Up 0.5 %

Shares of Air Products and Chemicals stock traded up $1.64 during midday trading on Wednesday, hitting $312.76. The company had a trading volume of 955,225 shares, compared to its average volume of 1,614,711. The stock has a market capitalization of $69.53 billion, a P/E ratio of 18.21, a P/E/G ratio of 3.12 and a beta of 0.81. 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 50 day moving average of $302.98 and a 200 day moving average of $278.62. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $332.42.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on APD shares. Citigroup increased their price target on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the stock a "buy" rating in a research report on Monday. StockNews.com raised shares of Air Products and Chemicals from a "sell" rating to a "hold" rating in a report on Monday, September 23rd. Redburn Atlantic raised shares of Air Products and Chemicals from a "sell" rating to a "neutral" rating and set a $330.00 price objective for the company in a research note on Friday, October 25th. 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. Finally, BMO Capital Markets increased their price target on Air Products and Chemicals from $300.00 to $323.00 and gave the company an "outperform" rating in a research note on Monday, August 5th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, Air Products and Chemicals presently has an average rating of "Moderate Buy" and an average target price of $328.18.

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.