Air Products and Chemicals, Inc. (NYSE:APD) is ING Groep NV's 9th Largest Position

ING Groep NV lifted its stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 240.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,023,433 shares of the basic materials company's stock after acquiring an additional 723,019 shares during the quarter. Air Products and Chemicals accounts for about 1.8% of ING Groep NV's investment portfolio, making the stock its 9th largest holding. ING Groep NV owned 0.46% of Air Products and Chemicals worth $304,717,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its holdings in Air Products and Chemicals by 0.3% during the third quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,593 shares of the basic materials company's stock valued at $3,452,000 after purchasing an additional 34 shares in the last quarter. CX Institutional lifted its holdings in Air Products and Chemicals by 2.6% during the third quarter. CX Institutional now owns 1,343 shares of the basic materials company's stock valued at $400,000 after purchasing an additional 34 shares in the last quarter. Bank of Stockton lifted its holdings in Air Products and Chemicals by 1.9% during the third quarter. Bank of Stockton now owns 1,813 shares of the basic materials company's stock valued at $540,000 after purchasing an additional 34 shares in the last quarter. Cape Investment Advisory Inc. raised its position in shares of Air Products and Chemicals by 1.0% during the first quarter. Cape Investment Advisory Inc. now owns 3,740 shares of the basic materials company's stock valued at $906,000 after buying an additional 37 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its position in shares of Air Products and Chemicals by 22.3% during the third quarter. Exchange Traded Concepts LLC now owns 203 shares of the basic materials company's stock valued at $60,000 after buying an additional 37 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company's stock.

Wall Street Analysts Forecast Growth

APD has been the topic of several recent analyst reports. Mizuho lifted their price objective on shares of 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. The Goldman Sachs Group lifted their price objective on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the company a "buy" rating in a research report on Monday, August 5th. Jefferies Financial Group upgraded shares of Air Products and Chemicals from a "hold" rating to a "buy" rating and lifted their price objective for the company from $295.00 to $364.00 in a research report on Monday, October 7th. Wells Fargo & Company lifted their price objective 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. Finally, Redburn Atlantic upgraded shares of Air Products and Chemicals from a "sell" rating to a "neutral" rating and set a $330.00 price target on the stock in a research report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Air Products and Chemicals has an average rating of "Moderate Buy" and a consensus target price of $329.76.

Air Products and Chemicals Stock Up 1.0 %

NYSE:APD traded up $2.99 during mid-day trading on Thursday, reaching $315.88. The company's stock had a trading volume of 1,081,165 shares, compared to its average volume of 1,612,298. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $332.42. The stock has a fifty day moving average of $303.74 and a 200-day moving average of $278.86. The firm has a market capitalization of $70.22 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 3.12 and a beta of 0.81. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72.

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.