Veracity Capital LLC Makes New Investment in Air Products and Chemicals, Inc. (NYSE:APD)

Veracity Capital LLC bought a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 695 shares of the basic materials company’s stock, valued at approximately $207,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Thompson Investment Management Inc. purchased a new stake in Air Products and Chemicals in the first quarter worth $27,000. Meeder Asset Management Inc. bought a new position in shares of Air Products and Chemicals in the second quarter worth about $32,000. Hexagon Capital Partners LLC increased its stake in Air Products and Chemicals by 2,250.0% in the 1st quarter. Hexagon Capital Partners LLC now owns 141 shares of the basic materials company’s stock worth $34,000 after buying an additional 135 shares during the period. Trifecta Capital Advisors LLC lifted its holdings in Air Products and Chemicals by 1,700.0% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock valued at $37,000 after buying an additional 136 shares in the last quarter. Finally, Beacon Capital Management LLC boosted its position in Air Products and Chemicals by 128.8% in the 1st quarter. Beacon Capital Management LLC now owns 183 shares of the basic materials company’s stock valued at $44,000 after buying an additional 103 shares during the period. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Up 1.0 %

NYSE:APD opened at $332.10 on Monday. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $332.17. The company has a market cap of $73.83 billion, a PE ratio of 29.97, a P/E/G ratio of 3.87 and a beta of 0.82. The company’s 50 day moving average is $289.56 and its two-hundred day moving average is $268.89.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on APD. Barclays lifted their price target on shares of Air Products and Chemicals from $290.00 to $295.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Vertical Research raised Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 target price for the company in a research report on Monday, October 7th. StockNews.com raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. Wells Fargo & Company lifted their price objective on Air Products and Chemicals from $280.00 to $330.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. Finally, The Goldman Sachs Group increased 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Air Products and Chemicals currently has an average rating of “Moderate Buy” and an average target price of $320.82.

Air Products and Chemicals 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.