689 Shares in Air Products and Chemicals, Inc. (NYSE:APD) Acquired by Traynor Capital Management Inc.

Traynor Capital Management Inc. purchased a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the third quarter, Holdings Channel reports. The firm purchased 689 shares of the basic materials company’s stock, valued at approximately $205,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. grew its stake in Air Products and Chemicals by 151.3% during the 1st quarter. Avantax Advisory Services Inc. now owns 24,881 shares of the basic materials company’s stock worth $6,028,000 after buying an additional 14,981 shares during the last quarter. Forsta AP Fonden grew its stake in shares of Air Products and Chemicals by 13.4% in the 3rd quarter. Forsta AP Fonden now owns 45,700 shares of the basic materials company’s stock valued at $13,607,000 after purchasing an additional 5,400 shares during the last quarter. 1832 Asset Management L.P. grew its stake in shares of Air Products and Chemicals by 3.6% in the 1st quarter. 1832 Asset Management L.P. now owns 67,507 shares of the basic materials company’s stock valued at $16,355,000 after purchasing an additional 2,321 shares during the last quarter. Woodstock Corp grew its stake in shares of Air Products and Chemicals by 6.5% in the 3rd quarter. Woodstock Corp now owns 38,976 shares of the basic materials company’s stock valued at $11,605,000 after purchasing an additional 2,387 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. grew its stake in shares of Air Products and Chemicals by 33.8% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 51,110 shares of the basic materials company’s stock valued at $15,217,000 after purchasing an additional 12,925 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on APD shares. Redburn Atlantic upgraded Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 target price on the stock in a research note on Friday, October 25th. Mizuho lifted their target price on Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a research note on Wednesday, October 9th. Vertical Research upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 target price on the stock in a research note on Monday, October 7th. BMO Capital Markets lifted their target price on Air Products and Chemicals from $300.00 to $323.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, The Goldman Sachs Group raised their price target on Air Products and Chemicals from $291.00 to $330.00 and gave the company a “buy” rating in a report on Monday, August 5th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $326.12.

Air Products and Chemicals Stock Performance

Shares of APD stock opened at $315.30 on Wednesday. The stock has a fifty day moving average price of $296.32 and a 200 day moving average price of $273.15. The stock has a market cap of $70.09 billion, a PE ratio of 28.46, a P/E/G ratio of 3.87 and a beta of 0.82. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $332.42. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.27.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, August 1st. The basic materials company reported $3.20 earnings per share for the quarter, topping analysts’ consensus estimates of $3.04 by $0.16. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. The company had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.04 billion. Sell-side analysts forecast that Air Products and Chemicals, Inc. will post 12.33 earnings per share for the current fiscal year.

About Air Products and Chemicals

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.