B. Metzler seel. Sohn & Co. Holding AG Acquires Shares of 12,317 Air Products and Chemicals, Inc. (NYSE:APD)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,317 shares of the basic materials company's stock, valued at approximately $3,667,000.

Several other large investors have also bought and sold shares of APD. Meeder Asset Management Inc. acquired a new position in shares of Air Products and Chemicals during the second quarter worth $32,000. Iron Horse Wealth Management LLC increased its holdings in Air Products and Chemicals by 88.7% in the 3rd 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 in the last quarter. Trifecta Capital Advisors LLC raised its position 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 purchasing an additional 136 shares during the last quarter. Beacon Capital Management LLC boosted its stake in shares of Air Products and Chemicals by 128.8% during the first quarter. Beacon Capital Management LLC now owns 183 shares of the basic materials company's stock valued at $44,000 after purchasing an additional 103 shares in the last quarter. Finally, Valued Wealth Advisors LLC grew its holdings in shares of Air Products and Chemicals by 1,425.0% during the second quarter. Valued Wealth Advisors LLC now owns 183 shares of the basic materials company's stock worth $47,000 after purchasing an additional 171 shares during the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Barclays lifted their target price on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the stock an "equal weight" rating in a research report on Friday, November 8th. Jefferies Financial Group raised shares of Air Products and Chemicals from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $295.00 to $364.00 in a research note on Monday, October 7th. The Goldman Sachs Group raised their target price on Air Products and Chemicals from $291.00 to $330.00 and gave the stock a "buy" rating in a research report on Monday, August 5th. Mizuho upped their price target on Air Products and Chemicals from $308.00 to $360.00 and gave the company an "outperform" rating in a research report on Wednesday, October 9th. Finally, Redburn Atlantic raised 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. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $331.53.

Air Products and Chemicals Stock Performance

APD stock opened at $327.85 on Thursday. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. The firm has a market cap of $72.88 billion, a PE ratio of 19.08, a P/E/G ratio of 3.29 and a beta of 0.81. The business has a 50 day moving average of $308.70 and a 200-day moving average of $281.76. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $332.42.

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.