Schear Investment Advisers LLC Has $1.11 Million Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Schear Investment Advisers LLC grew its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 4.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,730 shares of the basic materials company’s stock after purchasing an additional 146 shares during the quarter. Schear Investment Advisers LLC’s holdings in Air Products and Chemicals were worth $1,111,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Capital Research Global Investors lifted its position in Air Products and Chemicals by 62.3% during the 1st quarter. Capital Research Global Investors now owns 11,230,051 shares of the basic materials company’s stock worth $2,720,704,000 after buying an additional 4,309,040 shares in the last quarter. Pathway Financial Advisers LLC grew its stake in shares of Air Products and Chemicals by 29,954.1% during the third quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company’s stock valued at $861,722,000 after purchasing an additional 2,884,581 shares during the last quarter. National Bank of Canada FI increased its holdings in shares of Air Products and Chemicals by 2,931.0% in the second quarter. National Bank of Canada FI now owns 1,796,531 shares of the basic materials company’s stock valued at $444,352,000 after purchasing an additional 1,737,260 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Air Products and Chemicals by 127.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,792,470 shares of the basic materials company’s stock worth $720,597,000 after purchasing an additional 1,564,169 shares during the last quarter. Finally, ING Groep NV lifted its holdings in Air Products and Chemicals by 240.7% during the 3rd quarter. ING Groep NV now owns 1,023,433 shares of the basic materials company’s stock worth $304,717,000 after buying an additional 723,019 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

APD has been the subject of a number of recent research reports. Jefferies Financial Group upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and boosted their target price for the stock from $295.00 to $364.00 in a research report on Monday, October 7th. Citigroup raised their target price on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a research note on Monday, November 11th. BMO Capital Markets lifted their price target on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday. The Goldman Sachs Group lifted their target price on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Finally, Barclays upped their target price on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $329.76.

Air Products and Chemicals Stock Performance

Shares of APD stock opened at $317.10 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $332.42. The company’s 50 day moving average price is $305.56 and its two-hundred day moving average price is $279.96. The company has a market capitalization of $70.49 billion, a P/E ratio of 18.46, a price-to-earnings-growth ratio of 3.14 and a beta of 0.81.

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.