Two Point Capital Management Inc. Boosts Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Two Point Capital Management Inc. boosted its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,982 shares of the basic materials company’s stock after buying an additional 402 shares during the quarter. Air Products and Chemicals makes up 2.9% of Two Point Capital Management Inc.’s portfolio, making the stock its 17th largest position. Two Point Capital Management Inc.’s holdings in Air Products and Chemicals were worth $8,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Iron Horse Wealth Management LLC raised its position in Air Products and Chemicals by 88.7% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 55 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Air Products and Chemicals during the second quarter valued at $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 valued at $37,000 after acquiring an additional 136 shares in the last quarter. Reston Wealth Management LLC purchased a new stake in Air Products and Chemicals in the third quarter worth about $47,000. Finally, Beacon Capital Management LLC grew its holdings in Air Products and Chemicals by 128.8% during the 1st quarter. Beacon Capital Management LLC now owns 183 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Up 0.1 %

APD stock opened at $306.73 on Thursday. The stock has a market capitalization of $68.19 billion, a PE ratio of 26.58, a price-to-earnings-growth ratio of 3.25 and a beta of 0.81. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $332.42. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.77. The firm has a 50 day moving average of $300.16 and a 200 day moving average of $276.13.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group boosted their price target on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the company a “buy” rating in a report on Monday, August 5th. Evercore ISI raised shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $305.00 to $365.00 in a research note on Monday, October 7th. Jefferies Financial Group raised Air Products and Chemicals from a “hold” rating to a “buy” rating and increased their target price for the company from $295.00 to $364.00 in a research report on Monday, October 7th. StockNews.com upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. Finally, UBS Group upped their price objective on Air Products and Chemicals from $307.00 to $345.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 15th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Air Products and Chemicals 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.