Coastline Trust Co Acquires 150 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Coastline Trust Co boosted its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 4.5% during the 3rd quarter, Holdings Channel reports. The firm owned 3,466 shares of the basic materials company’s stock after acquiring an additional 150 shares during the period. Coastline Trust Co’s holdings in Air Products and Chemicals were worth $1,032,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of APD. M&G Plc bought a new stake in Air Products and Chemicals in the first quarter worth about $15,825,000. Cornerstone Advisors LLC bought a new stake in shares of Air Products and Chemicals in the 1st quarter worth approximately $1,381,000. TIAA Trust National Association lifted its stake in Air Products and Chemicals by 205.9% in the first quarter. TIAA Trust National Association now owns 56,528 shares of the basic materials company’s stock valued at $13,695,000 after purchasing an additional 38,049 shares during the last quarter. Patten & Patten Inc. TN grew its holdings in Air Products and Chemicals by 18.7% during the first quarter. Patten & Patten Inc. TN now owns 2,940 shares of the basic materials company’s stock valued at $712,000 after purchasing an additional 464 shares during the period. Finally, Chiron Capital Management LLC bought a new position in Air Products and Chemicals during the first quarter valued at $436,000. Institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on APD shares. BMO Capital Markets upped their price target on Air Products and Chemicals from $323.00 to $350.00 and gave the company an “outperform” rating in a research report on Thursday. Barclays upped their price objective on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. lowered their price target on shares of Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Finally, The Goldman Sachs Group raised their price objective 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. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $329.76.

Air Products and Chemicals Price Performance

APD stock opened at $317.10 on Friday. The firm has a 50 day simple moving average of $305.56 and a two-hundred day simple moving average of $279.66. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34. The stock has a market cap of $70.49 billion, a PE ratio of 18.46, a P/E/G ratio of 3.14 and a beta of 0.81. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $332.42.

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.