2,160 Shares in Air Products and Chemicals, Inc. (NYSE:APD) Acquired by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI bought a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,160 shares of the basic materials company’s stock, valued at approximately $644,000.

Other hedge funds have also made changes to their positions in the company. Meadow Creek Wealth Advisors LLC raised its holdings in shares of Air Products and Chemicals by 2.6% in the third quarter. Meadow Creek Wealth Advisors LLC now owns 2,248 shares of the basic materials company’s stock valued at $669,000 after acquiring an additional 57 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Air Products and Chemicals by 5.9% in the 3rd quarter. Private Advisor Group LLC now owns 32,553 shares of the basic materials company’s stock worth $9,692,000 after purchasing an additional 1,800 shares during the period. Symphony Financial Ltd. Co. boosted its stake in shares of Air Products and Chemicals by 8.0% during the third quarter. Symphony Financial Ltd. Co. now owns 3,112 shares of the basic materials company’s stock valued at $935,000 after purchasing an additional 230 shares in the last quarter. Waldron Private Wealth LLC increased its holdings in Air Products and Chemicals by 4.2% during the third quarter. Waldron Private Wealth LLC now owns 1,350 shares of the basic materials company’s stock valued at $402,000 after buying an additional 55 shares during the period. Finally, Eastern Bank raised its stake in Air Products and Chemicals by 5.7% in the third quarter. Eastern Bank now owns 74,607 shares of the basic materials company’s stock worth $22,213,000 after buying an additional 4,046 shares in the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft downgraded Air Products and Chemicals from a “buy” rating to a “hold” rating and cut their price target for the company from $310.00 to $280.00 in a report on Monday, July 22nd. Evercore ISI raised shares of Air Products and Chemicals from an “in-line” rating to an “outperform” rating and increased their price target for the company from $305.00 to $365.00 in a research report on Monday, October 7th. StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. Citigroup increased their target price on shares of Air Products and Chemicals from $330.00 to $345.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Finally, Barclays lifted their price target on shares of Air Products and Chemicals from $290.00 to $295.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $320.82.

Air Products and Chemicals Trading Down 1.1 %

Shares of NYSE:APD opened at $326.62 on Thursday. The business has a 50-day moving average price of $292.79 and a 200-day moving average price of $270.59. The stock has a market cap of $72.61 billion, a price-to-earnings ratio of 29.48, a PEG ratio of 3.87 and a beta of 0.82. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $332.42. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.77.

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