Meeder Advisory Services Inc. Purchases 55 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Meeder Advisory Services Inc. lifted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,983 shares of the basic materials company’s stock after purchasing an additional 55 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Air Products and Chemicals were worth $1,186,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Drive Wealth Management LLC bought a new position in shares of Air Products and Chemicals during the third quarter valued at approximately $207,000. Strengthening Families & Communities LLC raised its stake in Air Products and Chemicals by 8.4% during the third quarter. Strengthening Families & Communities LLC now owns 8,161 shares of the basic materials company’s stock valued at $2,430,000 after buying an additional 632 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Air Products and Chemicals by 3.8% in the third quarter. Thrivent Financial for Lutherans now owns 32,297 shares of the basic materials company’s stock worth $9,616,000 after acquiring an additional 1,177 shares in the last quarter. Chesapeake Capital Corp IL increased its holdings in shares of Air Products and Chemicals by 216.4% during the third quarter. Chesapeake Capital Corp IL now owns 4,139 shares of the basic materials company’s stock valued at $1,238,000 after acquiring an additional 2,831 shares in the last quarter. Finally, Tower Bridge Advisors raised its position in shares of Air Products and Chemicals by 11.4% in the 3rd quarter. Tower Bridge Advisors now owns 14,879 shares of the basic materials company’s stock worth $4,430,000 after purchasing an additional 1,519 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Up 3.4 %

Shares of Air Products and Chemicals stock opened at $327.90 on Tuesday. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $332.42. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. The business has a 50-day moving average price of $306.64 and a 200-day moving average price of $280.86. The firm has a market cap of $72.90 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 3.18 and a beta of 0.81.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. BMO Capital Markets raised their price target on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday, September 23rd. Barclays boosted their target price on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Jefferies Financial Group upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and lifted their price target for the stock from $295.00 to $364.00 in a research note on Monday, October 7th. Finally, Redburn Atlantic upgraded Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective for the company in a research note on Friday, October 25th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and an average target price of $331.53.

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.