Strategy Asset Managers LLC Purchases 7,965 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Strategy Asset Managers LLC increased its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 708.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 9,089 shares of the basic materials company's stock after buying an additional 7,965 shares during the period. Strategy Asset Managers LLC's holdings in Air Products and Chemicals were worth $2,706,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of APD. Meeder Asset Management Inc. bought a new position in shares of Air Products and Chemicals during the second quarter worth approximately $32,000. Iron Horse Wealth Management LLC boosted its stake in shares of Air Products and Chemicals by 88.7% during the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company's stock valued at $35,000 after purchasing an additional 55 shares in the last quarter. Trifecta Capital Advisors LLC grew its holdings in shares of Air Products and Chemicals by 1,700.0% during the second quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company's stock worth $37,000 after purchasing an additional 136 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in shares of Air Products and Chemicals in the third quarter valued at approximately $42,000. Finally, Beacon Capital Management LLC raised its holdings in Air Products and Chemicals by 128.8% in the 1st quarter. Beacon Capital Management LLC now owns 183 shares of the basic materials company's stock valued at $44,000 after buying an additional 103 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Stock Performance

Air Products and Chemicals stock traded down $1.44 during mid-day trading on Wednesday, reaching $326.56. 283,265 shares of the company's stock were exchanged, compared to its average volume of 1,606,641. The firm has a market capitalization of $72.60 billion, a PE ratio of 19.08, a P/E/G ratio of 3.18 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. The business's fifty day simple moving average is $307.69 and its 200 day simple moving average is $281.43. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $332.42.

Analysts Set New Price Targets

APD has been the subject of several analyst 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. StockNews.com upgraded shares of Air Products and Chemicals from a "sell" rating to a "hold" rating in a report on Monday, September 23rd. The Goldman Sachs Group lifted their target price on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the stock a "buy" rating in a research note on Monday, August 5th. Mizuho lifted their price objective on Air Products and Chemicals from $308.00 to $360.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 9th. Finally, Evercore ISI raised shares of Air Products and Chemicals from an "in-line" rating to an "outperform" rating and raised their price objective for the stock from $305.00 to $365.00 in a research report on Monday, October 7th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $331.53.

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.