Bank of Stockton Has $540,000 Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Bank of Stockton increased its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,813 shares of the basic materials company’s stock after acquiring an additional 34 shares during the quarter. Bank of Stockton’s holdings in Air Products and Chemicals were worth $540,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. CX Institutional boosted its position in shares of 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 buying an additional 34 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its stake in shares of Air Products and Chemicals by 0.3% in the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,593 shares of the basic materials company’s stock worth $3,452,000 after buying an additional 34 shares during the last quarter. Cape Investment Advisory Inc. grew its holdings in shares of Air Products and Chemicals by 1.0% in the first quarter. Cape Investment Advisory Inc. now owns 3,740 shares of the basic materials company’s stock worth $906,000 after acquiring an additional 37 shares during the period. Exchange Traded Concepts LLC boosted its position in Air Products and Chemicals by 22.3% in the third quarter. Exchange Traded Concepts LLC now owns 203 shares of the basic materials company’s stock worth $60,000 after purchasing an additional 37 shares during the last quarter. Finally, First Citizens Bank & Trust Co. grew its position in Air Products and Chemicals by 0.4% during the second quarter. First Citizens Bank & Trust Co. now owns 10,906 shares of the basic materials company’s stock valued at $2,814,000 after buying an additional 39 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Trading Down 0.5 %

Shares of Air Products and Chemicals stock traded down $1.57 on Friday, reaching $320.53. The company had a trading volume of 340,030 shares, compared to its average volume of 1,612,430. The firm’s 50-day moving average price is $292.79 and its two-hundred day moving average price is $270.59. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $332.42. The firm has a market cap of $71.26 billion, a price-to-earnings ratio of 28.90, a P/E/G ratio of 3.87 and a beta of 0.82. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 1.10.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, August 1st. The basic materials company reported $3.20 earnings per share for the quarter, beating analysts’ consensus estimates of $3.04 by $0.16. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.04 billion. As a group, research analysts predict that Air Products and Chemicals, Inc. will post 12.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Barclays upped their price objective on Air Products and Chemicals from $290.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. Jefferies Financial Group upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and raised their price objective for the company from $295.00 to $364.00 in a research report on Monday, October 7th. Vertical Research raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 target price for the company in a report on Monday, October 7th. UBS Group boosted their price objective on Air Products and Chemicals from $307.00 to $345.00 and gave the company a “neutral” rating in a research report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. lifted their target price on Air Products and Chemicals from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Nine 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $326.12.

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.