Empower Advisory Group LLC grew its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 3.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 423,419 shares of the basic materials company's stock after purchasing an additional 14,460 shares during the quarter. Empower Advisory Group LLC owned about 0.19% of Air Products and Chemicals worth $126,069,000 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. Sei Investments Co. increased its position in shares of Air Products and Chemicals by 18.0% during the 1st quarter. Sei Investments Co. now owns 76,476 shares of the basic materials company's stock worth $18,526,000 after purchasing an additional 11,691 shares in the last quarter. Koshinski Asset Management Inc. bought a new stake in shares of Air Products and Chemicals during the first quarter valued at approximately $754,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Air Products and Chemicals by 23.0% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 294,642 shares of the basic materials company's stock valued at $71,383,000 after purchasing an additional 55,103 shares in the last quarter. HBK Sorce Advisory LLC raised its position in Air Products and Chemicals by 245.4% in the 1st quarter. HBK Sorce Advisory LLC now owns 5,202 shares of the basic materials company's stock worth $1,260,000 after purchasing an additional 3,696 shares during the last quarter. Finally, Maple Capital Management Inc. increased its stake in shares of Air Products and Chemicals by 34.4% in the 1st quarter. Maple Capital Management Inc. now owns 59,991 shares of the basic materials company's stock valued at $14,534,000 after buying an additional 15,353 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.
Air Products and Chemicals Stock Performance
APD stock traded up $1.39 during trading hours on Wednesday, reaching $312.51. The stock had a trading volume of 507,124 shares, compared to its average volume of 1,612,677. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $332.42. The stock has a market capitalization of $69.47 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 3.12 and a beta of 0.81. The stock has a 50-day simple moving average of $302.98 and a 200 day simple moving average of $278.62. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34.
Analyst Ratings Changes
APD has been the subject of a number of recent research reports. Redburn Atlantic raised shares of Air Products and Chemicals from a "sell" rating to a "neutral" rating and set a $330.00 price target for the company in a research note on Friday, October 25th. Wells Fargo & Company upped 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 research report on Friday, October 11th. UBS Group raised their price target on Air Products and Chemicals from $307.00 to $345.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. dropped their price objective on Air Products and Chemicals from $350.00 to $345.00 and set an "overweight" rating for the company in a report on Friday, November 8th. Finally, Citigroup increased their target price on Air Products and Chemicals from $345.00 to $365.00 and gave the company a "buy" rating in a research note on Monday. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, Air Products and Chemicals presently has a consensus rating of "Moderate Buy" and a consensus price target of $328.18.
Read Our Latest Analysis on Air Products and Chemicals
Air Products and Chemicals Company Profile
(
Free Report)
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.
Further Reading
Before you consider Air Products and Chemicals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Air Products and Chemicals wasn't on the list.
While Air Products and Chemicals currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
