Mcdaniel Terry & Co. Acquires 1,688 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Mcdaniel Terry & Co. increased its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 2.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,691 shares of the basic materials company’s stock after purchasing an additional 1,688 shares during the period. Air Products and Chemicals makes up 1.6% of Mcdaniel Terry & Co.’s investment portfolio, making the stock its 28th biggest holding. Mcdaniel Terry & Co.’s holdings in Air Products and Chemicals were worth $19,261,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its holdings in Air Products and Chemicals by 0.3% in the third quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,593 shares of the basic materials company’s stock worth $3,452,000 after purchasing an additional 34 shares in the last quarter. CX Institutional boosted its holdings in Air Products and Chemicals by 2.6% in the third quarter. CX Institutional now owns 1,343 shares of the basic materials company’s stock worth $400,000 after purchasing an additional 34 shares in the last quarter. Cape Investment Advisory Inc. boosted its holdings in Air Products and Chemicals by 1.0% during the first quarter. Cape Investment Advisory Inc. now owns 3,740 shares of the basic materials company’s stock valued at $906,000 after acquiring an additional 37 shares during the period. Exchange Traded Concepts LLC boosted its holdings in Air Products and Chemicals by 22.3% during the third quarter. Exchange Traded Concepts LLC now owns 203 shares of the basic materials company’s stock valued at $60,000 after acquiring an additional 37 shares during the period. Finally, First Citizens Bank & Trust Co. boosted its holdings in Air Products and Chemicals by 0.4% during the second quarter. First Citizens Bank & Trust Co. now owns 10,906 shares of the basic materials company’s stock valued at $2,814,000 after acquiring an additional 39 shares during the period. 81.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

APD has been the subject of a number of recent analyst reports. Barclays upped 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 report on Monday, August 5th. Mizuho upped their price target on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. Citigroup upped their price target on shares of Air Products and Chemicals from $330.00 to $345.00 and gave the company a “buy” rating in a report on Monday, October 7th. Jefferies Financial Group upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and upped their price target for the company from $295.00 to $364.00 in a report on Monday, October 7th. Finally, UBS Group upped their price target on shares of Air Products and Chemicals from $307.00 to $345.00 and gave the company a “neutral” rating in a report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $320.82.

Air Products and Chemicals Stock Performance

NYSE APD opened at $322.01 on Friday. The firm has a market cap of $71.58 billion, a price-to-earnings ratio of 29.06, a PEG ratio of 3.87 and a beta of 0.82. The company has a 50 day moving average of $292.79 and a 200-day moving average of $270.59. 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 1-year low of $212.24 and a 1-year high of $332.42.

Air Products and Chemicals (NYSE:APD) last posted 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. The company had revenue of $2.99 billion during 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%. On average, equities analysts forecast that Air Products and Chemicals, Inc. will post 12.33 earnings per share for the current fiscal 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.