Signature Estate & Investment Advisors LLC Invests $200,000 in Air Products and Chemicals, Inc. (NYSE:APD)

Signature Estate & Investment Advisors LLC purchased a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 672 shares of the basic materials company’s stock, valued at approximately $200,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in APD. Covestor Ltd raised its holdings in shares of Air Products and Chemicals by 28.4% in the first quarter. Covestor Ltd now owns 628 shares of the basic materials company’s stock valued at $153,000 after buying an additional 139 shares during the last quarter. Rockport Wealth LLC acquired a new position in shares of Air Products and Chemicals during the first quarter worth approximately $215,000. UniSuper Management Pty Ltd grew its stake in shares of Air Products and Chemicals by 103.4% during the first quarter. UniSuper Management Pty Ltd now owns 6,849 shares of the basic materials company’s stock valued at $1,659,000 after purchasing an additional 3,482 shares during the last quarter. PYA Waltman Capital LLC increased its holdings in shares of Air Products and Chemicals by 14.9% in the first quarter. PYA Waltman Capital LLC now owns 3,077 shares of the basic materials company’s stock valued at $746,000 after purchasing an additional 399 shares in the last quarter. Finally, Atlanta Consulting Group Advisors LLC bought a new position in Air Products and Chemicals in the 1st quarter worth approximately $263,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

APD has been the subject of a number of recent research reports. Citigroup boosted their target price on Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. BMO Capital Markets upped their target price on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the company an “outperform” rating in a research report on Thursday. Mizuho lifted their price target on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. Vertical Research upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price objective on the stock in a report on Monday, October 7th. Finally, StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and a consensus price target of $329.76.

Air Products and Chemicals Stock Performance

Shares of APD opened at $317.10 on Monday. The firm’s 50 day moving average price is $305.56 and its two-hundred day moving average price is $280.26. 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 twelve month low of $212.24 and a twelve month high of $332.42. The firm has a market cap of $70.50 billion, a P/E ratio of 18.46, a PEG ratio of 3.18 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.