Apollon Wealth Management LLC Has $4.25 Million Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Apollon Wealth Management LLC raised its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 44.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,281 shares of the basic materials company’s stock after buying an additional 4,379 shares during the quarter. Apollon Wealth Management LLC’s holdings in Air Products and Chemicals were worth $4,252,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of APD. Nations Financial Group Inc. IA ADV boosted its holdings in Air Products and Chemicals by 179.7% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 3,435 shares of the basic materials company’s stock valued at $1,023,000 after purchasing an additional 2,207 shares during the period. Loudon Investment Management LLC lifted its stake in shares of Air Products and Chemicals by 21.9% in the third quarter. Loudon Investment Management LLC now owns 5,459 shares of the basic materials company’s stock valued at $1,625,000 after buying an additional 982 shares during the period. Core Wealth Partners LLC bought a new stake in shares of Air Products and Chemicals in the third quarter valued at about $224,000. Delta Financial Advisors LLC grew its position in Air Products and Chemicals by 7.8% during the third quarter. Delta Financial Advisors LLC now owns 8,517 shares of the basic materials company’s stock worth $2,536,000 after buying an additional 619 shares in the last quarter. Finally, Catalytic Wealth RIA LLC increased its stake in Air Products and Chemicals by 8.7% during the third quarter. Catalytic Wealth RIA LLC now owns 1,266 shares of the basic materials company’s stock valued at $377,000 after acquiring an additional 101 shares during the period. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Price Performance

Shares of APD stock opened at $311.13 on Wednesday. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $332.42. The stock has a market capitalization of $69.17 billion, a PE ratio of 18.11, a PEG ratio of 3.46 and a beta of 0.81. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.10 and a current ratio of 1.52. The stock’s fifty day moving average is $302.27 and its 200-day moving average is $278.09.

Analyst Ratings Changes

Several brokerages have recently weighed in on APD. StockNews.com raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. Redburn Atlantic upgraded shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price target on the stock in a research note on Friday, October 25th. Mizuho increased 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 research note on Wednesday, October 9th. Citigroup lifted 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 report on Monday. Finally, Evercore ISI raised shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and upped their target price 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $328.18.

Air Products and Chemicals Company Profile

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.