Bank of Stockton Has $540,000 Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Bank of Stockton raised its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 1.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,813 shares of the basic materials company’s stock after buying an additional 34 shares during the quarter. Bank of Stockton’s holdings in Air Products and Chemicals were worth $540,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mediolanum International Funds Ltd raised its position in shares of Air Products and Chemicals by 24.9% in the third quarter. Mediolanum International Funds Ltd now owns 2,411 shares of the basic materials company’s stock valued at $723,000 after purchasing an additional 481 shares during the period. Lake Street Advisors Group LLC grew its stake in Air Products and Chemicals by 5.6% in the 3rd quarter. Lake Street Advisors Group LLC now owns 1,997 shares of the basic materials company’s stock valued at $595,000 after buying an additional 106 shares during the last quarter. Tandem Capital Management Corp ADV raised its holdings in Air Products and Chemicals by 40.3% in the 3rd quarter. Tandem Capital Management Corp ADV now owns 4,923 shares of the basic materials company’s stock valued at $1,466,000 after acquiring an additional 1,413 shares during the period. Ballentine Partners LLC lifted its holdings in Air Products and Chemicals by 6.1% during the 3rd quarter. Ballentine Partners LLC now owns 5,732 shares of the basic materials company’s stock worth $1,707,000 after purchasing an additional 328 shares during the last quarter. Finally, Nicholson Wealth Management Group LLC bought a new stake in Air Products and Chemicals in the 3rd quarter valued at $779,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Trading Down 0.5 %

Shares of APD stock traded down $1.57 on Friday, hitting $320.53. The company had a trading volume of 340,030 shares, compared to its average volume of 1,612,430. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $332.42. 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 firm has a market cap of $71.26 billion, a P/E ratio of 28.90, a P/E/G ratio of 3.87 and a beta of 0.82. The stock’s 50-day moving average is $292.79 and its two-hundred day moving average is $270.59.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, August 1st. The basic materials company reported $3.20 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $3.04 billion. On average, equities research analysts anticipate that Air Products and Chemicals, Inc. will post 12.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on APD. JPMorgan Chase & Co. boosted their target price on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Wells Fargo & Company increased their target price on Air Products and Chemicals from $280.00 to $330.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. UBS Group lifted their price objective on shares of 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. BMO Capital Markets boosted their price objective on shares of Air Products and Chemicals from $300.00 to $323.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Finally, Evercore ISI upgraded Air Products and Chemicals from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $305.00 to $365.00 in a research note on Monday, October 7th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.