Vest Financial LLC Has $56.15 Million Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Vest Financial LLC grew its position in Air Products and Chemicals, Inc. (NYSE:APD) by 1.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 188,589 shares of the basic materials company’s stock after purchasing an additional 1,807 shares during the period. Air Products and Chemicals comprises approximately 1.1% of Vest Financial LLC’s holdings, making the stock its 20th biggest holding. Vest Financial LLC owned about 0.08% of Air Products and Chemicals worth $56,150,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Avantax Advisory Services Inc. boosted its stake in shares of Air Products and Chemicals by 151.3% in the 1st quarter. Avantax Advisory Services Inc. now owns 24,881 shares of the basic materials company’s stock valued at $6,028,000 after purchasing an additional 14,981 shares in the last quarter. 1832 Asset Management L.P. grew its holdings in Air Products and Chemicals by 3.6% during the 1st quarter. 1832 Asset Management L.P. now owns 67,507 shares of the basic materials company’s stock worth $16,355,000 after acquiring an additional 2,321 shares during the last quarter. Woodstock Corp grew its holdings in Air Products and Chemicals by 6.5% during the 3rd quarter. Woodstock Corp now owns 38,976 shares of the basic materials company’s stock worth $11,605,000 after acquiring an additional 2,387 shares during the last quarter. Trilogy Capital Inc. bought a new stake in Air Products and Chemicals during the 1st quarter worth about $2,625,000. Finally, ZWJ Investment Counsel Inc. grew its holdings in Air Products and Chemicals by 33.8% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 51,110 shares of the basic materials company’s stock worth $15,217,000 after acquiring an additional 12,925 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Trading Up 1.0 %

Air Products and Chemicals stock traded up $3.33 during midday trading on Friday, hitting $332.10. 1,074,148 shares of the stock were exchanged, compared to its average volume of 1,627,201. The company has a fifty day simple moving average of $289.56 and a two-hundred day simple moving average of $268.68. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $332.17. The stock has a market capitalization 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 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 released its quarterly earnings data on Thursday, August 1st. The basic materials company reported $3.20 earnings per share for the quarter, topping the consensus estimate of $3.04 by $0.16. Air Products and Chemicals had a net margin of 21.24% and a return on equity of 16.53%. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.04 billion. Equities research analysts anticipate that Air Products and Chemicals, Inc. will post 12.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. 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 report on Monday, August 5th. Wells Fargo & Company increased their price objective on shares of Air Products and Chemicals from $280.00 to $330.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. UBS Group increased their price objective on shares of Air Products and Chemicals from $307.00 to $345.00 and gave the stock a “neutral” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. increased their price objective on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday. Finally, StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday, September 23rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $320.82.

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.