Diversify Wealth Management LLC Has $1.82 Million Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Diversify Wealth Management LLC grew its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 14.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,574 shares of the basic materials company’s stock after purchasing an additional 686 shares during the quarter. Diversify Wealth Management LLC’s holdings in Air Products and Chemicals were worth $1,821,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Iron Horse Wealth Management LLC lifted its stake in Air Products and Chemicals by 88.7% in the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 55 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Air Products and Chemicals in the 2nd quarter valued at about $32,000. Trifecta Capital Advisors LLC lifted its stake in Air Products and Chemicals by 1,700.0% in the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 136 shares during the last quarter. Beacon Capital Management LLC increased its position in Air Products and Chemicals by 128.8% during the first quarter. Beacon Capital Management LLC now owns 183 shares of the basic materials company’s stock worth $44,000 after buying an additional 103 shares during the last quarter. Finally, Valued Wealth Advisors LLC raised its stake in Air Products and Chemicals by 1,425.0% in the second quarter. Valued Wealth Advisors LLC now owns 183 shares of the basic materials company’s stock valued at $47,000 after buying an additional 171 shares during the period. Institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on APD. Citigroup lifted their target price on Air Products and Chemicals from $330.00 to $345.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. Mizuho upped their price objective on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. BMO Capital Markets raised their target price on shares of Air Products and Chemicals from $300.00 to $323.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. upped their price target on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and cut their price objective for the stock from $310.00 to $280.00 in a research report on Monday, July 22nd. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $326.12.

Air Products and Chemicals Stock Down 0.8 %

APD stock opened at $312.93 on Thursday. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $332.42. The business has a 50-day simple moving average of $297.06 and a 200 day simple moving average of $273.43. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.77. The company has a market cap of $69.57 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 3.87 and a beta of 0.82.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, August 1st. The basic materials company reported $3.20 earnings per share for the quarter, topping analysts’ consensus estimates of $3.04 by $0.16. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.04 billion. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. Sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 12.33 EPS for the current fiscal year.

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.