Schear Investment Advisers LLC Purchases 146 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Schear Investment Advisers LLC grew its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 4.1% in the third quarter, HoldingsChannel reports. The fund owned 3,730 shares of the basic materials company’s stock after acquiring an additional 146 shares during the period. Schear Investment Advisers LLC’s holdings in Air Products and Chemicals were worth $1,111,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of APD. Forsta AP Fonden boosted its holdings in Air Products and Chemicals by 13.4% during the third quarter. Forsta AP Fonden now owns 45,700 shares of the basic materials company’s stock worth $13,607,000 after purchasing an additional 5,400 shares during the last quarter. 1832 Asset Management L.P. boosted its stake in shares of Air Products and Chemicals by 3.6% during the 1st quarter. 1832 Asset Management L.P. now owns 67,507 shares of the basic materials company’s stock worth $16,355,000 after buying an additional 2,321 shares during the last quarter. Jensen Investment Management Inc. grew its holdings in shares of Air Products and Chemicals by 65.0% in the 3rd quarter. Jensen Investment Management Inc. now owns 13,170 shares of the basic materials company’s stock valued at $3,921,000 after acquiring an additional 5,190 shares in the last quarter. Woodstock Corp increased its position in shares of Air Products and Chemicals by 6.5% in the third quarter. Woodstock Corp now owns 38,976 shares of the basic materials company’s stock valued at $11,605,000 after acquiring an additional 2,387 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. raised its holdings in Air Products and Chemicals by 33.8% during the third quarter. ZWJ Investment Counsel Inc. now owns 51,110 shares of the basic materials company’s stock worth $15,217,000 after acquiring an additional 12,925 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

Shares of Air Products and Chemicals stock opened at $317.10 on Friday. 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 stock has a market capitalization of $70.49 billion, a price-to-earnings ratio of 18.46, a price-to-earnings-growth ratio of 3.14 and a beta of 0.81. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $332.42. The company has a 50-day simple moving average of $305.56 and a two-hundred day simple moving average of $279.96.

Wall Street Analyst Weigh In

Several research firms have weighed in on APD. Deutsche Bank Aktiengesellschaft lowered Air Products and Chemicals from a “buy” rating to a “hold” rating and lowered their price target for the stock from $310.00 to $280.00 in a research report on Monday, July 22nd. StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. cut their price target on shares of Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. 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. Finally, BMO Capital Markets lifted their price target on Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Air Products and Chemicals has an average rating of “Moderate Buy” and an average price target of $329.76.

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.