J.W. Cole Advisors Inc. Buys 1,694 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

J.W. Cole Advisors Inc. raised its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 24.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,524 shares of the basic materials company’s stock after acquiring an additional 1,694 shares during the period. J.W. Cole Advisors Inc.’s holdings in Air Products and Chemicals were worth $2,538,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new position in shares of Air Products and Chemicals during the second quarter valued at about $32,000. Hexagon Capital Partners LLC lifted its position in shares of Air Products and Chemicals by 2,250.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 141 shares of the basic materials company’s stock worth $34,000 after buying an additional 135 shares in the last quarter. Iron Horse Wealth Management LLC boosted its stake in shares of Air Products and Chemicals by 88.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after buying an additional 55 shares during the last quarter. Trifecta Capital Advisors LLC grew its holdings in shares of Air Products and Chemicals by 1,700.0% in the second quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 136 shares in the last quarter. Finally, Beacon Capital Management LLC increased its position in shares of Air Products and Chemicals by 128.8% during the first quarter. Beacon Capital Management LLC now owns 183 shares of the basic materials company’s stock valued at $44,000 after acquiring an additional 103 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

APD has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price objective 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. JPMorgan Chase & Co. lifted their price objective on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Mizuho increased their target price on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a research report on Wednesday, October 9th. Evercore ISI upgraded Air Products and Chemicals from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $305.00 to $365.00 in a research note on Monday, October 7th. Finally, The Goldman Sachs Group raised their target price on Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $326.12.

Air Products and Chemicals Trading Down 1.3 %

Shares of APD stock opened at $318.02 on Monday. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $332.42. The business’s fifty day moving average is $294.60 and its 200 day moving average is $271.98. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.27. The company has a market capitalization of $70.70 billion, a PE ratio of 28.70, a price-to-earnings-growth ratio of 3.87 and a beta of 0.82.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, August 1st. The basic materials company reported $3.20 EPS for the quarter, topping the consensus estimate of $3.04 by $0.16. The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.04 billion. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. On average, equities research analysts anticipate that Air Products and Chemicals, Inc. will post 12.33 EPS for the current fiscal year.

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.