Nations Financial Group Inc. IA ADV Has $1.02 Million Position in Air Products and Chemicals, Inc. (NYSE:APD)

Nations Financial Group Inc. IA ADV increased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 179.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,435 shares of the basic materials company’s stock after acquiring an additional 2,207 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Air Products and Chemicals were worth $1,023,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in APD. Capital Research Global Investors raised 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 purchasing an additional 4,309,040 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Air Products and Chemicals by 4.2% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,062,859 shares of the basic materials company’s stock worth $790,371,000 after acquiring an additional 122,676 shares during the last quarter. Pathway Financial Advisers LLC boosted its holdings in Air Products and Chemicals by 29,954.1% in 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 acquiring an additional 2,884,581 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Air Products and Chemicals by 127.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,792,470 shares of the basic materials company’s stock valued at $720,597,000 after purchasing an additional 1,564,169 shares during the period. Finally, Raymond James & Associates raised its holdings in Air Products and Chemicals by 1.7% during the 3rd quarter. Raymond James & Associates now owns 2,043,099 shares of the basic materials company’s stock worth $608,312,000 after purchasing an additional 33,313 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on APD. BMO Capital Markets increased their price objective on shares of Air Products and Chemicals from $300.00 to $323.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Jefferies Financial Group upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and increased their price target for the stock from $295.00 to $364.00 in a report on Monday, October 7th. Evercore ISI upgraded 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 report on Monday, October 7th. The Goldman Sachs Group increased their price target on 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, Mizuho lifted 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. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $328.18.

Air Products and Chemicals Stock Performance

Shares of APD opened at $311.13 on Wednesday. The firm has a market capitalization of $69.17 billion, a P/E ratio of 18.11, a P/E/G ratio of 3.46 and a beta of 0.81. 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 50 day moving average price of $302.27 and a two-hundred day moving average price of $278.09. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.10 and a current ratio of 1.52.

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.