Creative Planning Acquires 2,131 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Creative Planning raised its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 3.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,202 shares of the basic materials company’s stock after acquiring an additional 2,131 shares during the quarter. Creative Planning’s holdings in Air Products and Chemicals were worth $21,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. CX Institutional raised its stake in Air Products and Chemicals by 2.6% in the third quarter. CX Institutional now owns 1,343 shares of the basic materials company’s stock worth $400,000 after buying an additional 34 shares in the last quarter. Cape Investment Advisory Inc. raised its stake in 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 buying an additional 37 shares in the last quarter. Exchange Traded Concepts LLC raised its stake 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 buying an additional 37 shares in the last quarter. First Citizens Bank & Trust Co. raised its stake in Air Products and Chemicals by 0.4% in the second quarter. First Citizens Bank & Trust Co. now owns 10,906 shares of the basic materials company’s stock worth $2,814,000 after buying an additional 39 shares in the last quarter. Finally, Verdence Capital Advisors LLC raised its stake in Air Products and Chemicals by 2.3% in the second quarter. Verdence Capital Advisors LLC now owns 1,763 shares of the basic materials company’s stock worth $455,000 after buying an additional 39 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Up 1.0 %

Shares of APD stock opened at $332.10 on Monday. Air Products and Chemicals, Inc. has a 1 year low of $212.24 and a 1 year high of $332.17. The firm has a fifty day moving average price of $289.56 and a 200-day moving average price of $268.89. 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 market cap of $73.83 billion, a price-to-earnings ratio of 29.97, a PEG ratio of 3.87 and a beta of 0.82.

Air Products and Chemicals (NYSE:APD) last released its earnings results 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 company had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.04 billion. As a group, equities analysts predict that Air Products and Chemicals, Inc. will post 12.33 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on APD. The Goldman Sachs Group increased their price target on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. BMO Capital Markets upped their price objective on shares of Air Products and Chemicals from $300.00 to $323.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Mizuho upped their price objective on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a report on Wednesday, October 9th. Evercore ISI upgraded shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $305.00 to $365.00 in a report on Monday, October 7th. Finally, Barclays upped their price objective on shares of Air Products and Chemicals from $290.00 to $295.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $320.82.

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.