Police & Firemen s Retirement System of New Jersey grew its stake in Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 4.4% during the second quarter, Holdings Channel reports. The firm owned 33,812 shares of the basic materials company’s stock after purchasing an additional 1,428 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Air Products and Chemicals were worth $9,537,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of APD. Financial Connections Group Inc. boosted its holdings in Air Products and Chemicals by 46.7% during the 2nd quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 35 shares during the last quarter. Meadow Creek Wealth Advisors LLC lifted its position in shares of Air Products and Chemicals by 1.6% during the second quarter. Meadow Creek Wealth Advisors LLC now owns 2,276 shares of the basic materials company’s stock valued at $642,000 after purchasing an additional 35 shares in the last quarter. Atlatl Advisers LLC lifted its position in shares of Air Products and Chemicals by 2.5% during the second quarter. Atlatl Advisers LLC now owns 1,488 shares of the basic materials company’s stock valued at $420,000 after purchasing an additional 37 shares in the last quarter. GPS Wealth Strategies Group LLC grew its position in Air Products and Chemicals by 7.0% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 568 shares of the basic materials company’s stock worth $160,000 after purchasing an additional 37 shares in the last quarter. Finally, Hamilton Capital LLC grew its position in Air Products and Chemicals by 1.5% in the 1st quarter. Hamilton Capital LLC now owns 2,594 shares of the basic materials company’s stock worth $765,000 after purchasing an additional 38 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.
Air Products and Chemicals Stock Performance
Shares of APD opened at $263.26 on Friday. Air Products and Chemicals, Inc. has a 1 year low of $235.55 and a 1 year high of $341.14. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12. The stock’s fifty day moving average price is $266.49 and its two-hundred day moving average price is $277.91. The firm has a market cap of $58.59 billion, a PE ratio of 37.88, a PEG ratio of 5.16 and a beta of 0.81.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the company. Argus upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating in a research note on Friday, September 12th. Citigroup cut their price objective on Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating on the stock in a research report on Monday, October 6th. The Goldman Sachs Group set a $335.00 price objective on Air Products and Chemicals in a research note on Wednesday, October 1st. JPMorgan Chase & Co. lowered their target price on Air Products and Chemicals from $275.00 to $260.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Finally, Evercore ISI cut their price target on shares of Air Products and Chemicals from $375.00 to $325.00 and set an “outperform” rating on the stock in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $313.75.
Read Our Latest Stock Analysis on APD
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.
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