Chesapeake Capital Corp IL Boosts Position in Air Products and Chemicals, Inc. (NYSE:APD)

Chesapeake Capital Corp IL boosted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 216.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,139 shares of the basic materials company's stock after buying an additional 2,831 shares during the quarter. Air Products and Chemicals makes up about 1.1% of Chesapeake Capital Corp IL's investment portfolio, making the stock its 14th largest holding. Chesapeake Capital Corp IL's holdings in Air Products and Chemicals were worth $1,238,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Capital Research Global Investors lifted its holdings in Air Products and Chemicals by 62.3% during 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 in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Air Products and Chemicals by 4.2% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,062,859 shares of the basic materials company's stock valued at $790,371,000 after purchasing an additional 122,676 shares in the last quarter. Pathway Financial Advisers LLC lifted its holdings in Air Products and Chemicals by 29,954.1% during the third quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company's stock valued at $861,722,000 after purchasing an additional 2,884,581 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Air Products and Chemicals by 127.3% during 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 purchasing an additional 1,564,169 shares in the last quarter. Finally, Raymond James & Associates lifted its holdings in Air Products and Chemicals by 1.7% during the third quarter. Raymond James & Associates now owns 2,043,099 shares of the basic materials company's stock valued at $608,312,000 after purchasing an additional 33,313 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. lowered their price target on shares of Air Products and Chemicals from $350.00 to $345.00 and set an "overweight" rating on the stock in a report on Friday, November 8th. Barclays boosted 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 report on Friday, November 8th. 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 report on Monday, October 7th. Jefferies Financial Group raised 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. Finally, Vertical Research raised 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. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $329.76.

Air Products and Chemicals Trading Up 0.4 %

APD stock traded up $1.22 during mid-day trading on Friday, reaching $317.10. 1,113,047 shares of the stock traded hands, compared to its average volume of 1,434,932. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $332.42. The stock has a market capitalization of $70.49 billion, a PE ratio of 18.46, a PEG ratio of 3.18 and a beta of 0.81. The business has a 50-day moving average price of $305.56 and a two-hundred day moving average price of $279.96.

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.