Fiduciary Family Office LLC Purchases Shares of 2,271 Air Products and Chemicals, Inc. (NYSE:APD)

Fiduciary Family Office LLC purchased a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,271 shares of the basic materials company’s stock, valued at approximately $676,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in APD. Iron Horse Wealth Management LLC grew its holdings in shares of Air Products and Chemicals by 88.7% during the third 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. Meeder Asset Management Inc. purchased a new stake in Air Products and Chemicals in the 2nd quarter valued at approximately $32,000. Trifecta Capital Advisors LLC raised 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 worth $37,000 after acquiring an additional 136 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in shares of Air Products and Chemicals in the third quarter valued at $47,000. Finally, Beacon Capital Management LLC boosted its stake 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. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

Shares of NYSE:APD traded down $0.11 during trading on Tuesday, reaching $305.98. 248,309 shares of the company’s stock traded hands, compared to its average volume of 1,604,988. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $332.42. The stock has a market capitalization of $68.02 billion, a P/E ratio of 26.52, a price-to-earnings-growth ratio of 3.25 and a beta of 0.81. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 1.10. The company has a 50 day moving average of $298.99 and a 200-day moving average of $275.39.

Analysts Set New Price Targets

APD has been the subject of several analyst reports. BMO Capital Markets upped 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. Redburn Atlantic upgraded 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 note on Friday, October 25th. UBS Group increased their target price on Air Products and Chemicals from $307.00 to $345.00 and gave the company a “neutral” rating in a research note on Tuesday, October 15th. Jefferies Financial Group upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and upped their price target for the stock from $295.00 to $364.00 in a report on Monday, October 7th. Finally, Barclays boosted their target price on shares of Air Products and Chemicals from $290.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.