B. Metzler seel. Sohn & Co. Holding AG Invests $3.67 Million in Air Products and Chemicals, Inc. (NYSE:APD)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the third quarter, Holdings Channel reports. The fund bought 12,317 shares of the basic materials company’s stock, valued at approximately $3,667,000.

Several other hedge funds have also modified their holdings of APD. Pathway Financial Advisers LLC raised its holdings in Air Products and Chemicals by 29,954.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company’s stock worth $861,722,000 after buying an additional 2,884,581 shares during the period. National Bank of Canada FI raised its holdings in shares of Air Products and Chemicals by 2,931.0% during the second quarter. National Bank of Canada FI now owns 1,796,531 shares of the basic materials company’s stock valued at $444,352,000 after acquiring an additional 1,737,260 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Air Products and Chemicals by 127.3% in the 2nd 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 acquiring an additional 1,564,169 shares in the last quarter. ING Groep NV boosted its stake in Air Products and Chemicals by 240.7% in the 3rd quarter. ING Groep NV now owns 1,023,433 shares of the basic materials company’s stock worth $304,717,000 after purchasing an additional 723,019 shares during the period. Finally, Mizuho Markets Americas LLC grew its position in Air Products and Chemicals by 318.7% during the 3rd quarter. Mizuho Markets Americas LLC now owns 948,723 shares of the basic materials company’s stock worth $282,473,000 after purchasing an additional 722,132 shares in the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

APD has been the subject of a number of research analyst reports. Citigroup increased their target price on Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a report on Monday, November 11th. The Goldman Sachs Group lifted their target price on Air Products and Chemicals from $291.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Evercore ISI raised shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $305.00 to $365.00 in a research report on Monday, October 7th. Redburn Atlantic raised shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective on the stock in a research report on Friday, October 25th. Finally, Mizuho increased their target price on shares of 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. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $331.53.

Air Products and Chemicals Stock Down 0.0 %

Shares of APD stock opened at $327.85 on Thursday. The stock’s 50 day simple moving average is $308.70 and its 200 day simple moving average is $281.76. 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 debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52. The company has a market capitalization of $72.88 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 3.18 and a beta of 0.81.

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.