Tower Bridge Advisors Has $4.43 Million Position in Air Products and Chemicals, Inc. (NYSE:APD)

Tower Bridge Advisors grew its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 11.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,879 shares of the basic materials company’s stock after acquiring an additional 1,519 shares during the quarter. Tower Bridge Advisors’ holdings in Air Products and Chemicals were worth $4,430,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of APD. Forsta AP Fonden grew its position in shares of Air Products and Chemicals by 13.4% during the 3rd quarter. Forsta AP Fonden now owns 45,700 shares of the basic materials company’s stock worth $13,607,000 after purchasing an additional 5,400 shares in the last quarter. 1832 Asset Management L.P. lifted its position in shares of 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 valued at $16,355,000 after acquiring an additional 2,321 shares during the period. Jensen Investment Management Inc. lifted its position in shares of Air Products and Chemicals by 65.0% during the 3rd quarter. Jensen Investment Management Inc. now owns 13,170 shares of the basic materials company’s stock valued at $3,921,000 after acquiring an additional 5,190 shares during the period. Woodstock Corp grew its holdings in shares of 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 purchasing an additional 2,387 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. increased its position in shares of Air Products and Chemicals by 33.8% in the third quarter. ZWJ Investment Counsel Inc. now owns 51,110 shares of the basic materials company’s stock worth $15,217,000 after purchasing an additional 12,925 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on APD. 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. Deutsche Bank Aktiengesellschaft lowered shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and reduced their price target for the stock from $310.00 to $280.00 in a research report on Monday, July 22nd. Barclays boosted 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 research report on Friday, November 8th. Citigroup raised their target price on Air Products and Chemicals from $345.00 to $365.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, UBS Group lifted their price target on Air Products and Chemicals from $307.00 to $345.00 and gave the company a “neutral” rating in a research note on Tuesday, October 15th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $329.76.

Air Products and Chemicals Trading Up 0.4 %

NYSE APD opened at $317.10 on Friday. The firm has a market capitalization of $70.49 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 3.18 and a beta of 0.81. The business’s 50-day moving average price is $305.56 and its two-hundred day moving average price is $279.96. The company has a current ratio of 1.52, a quick ratio of 1.34 and a debt-to-equity ratio of 0.72. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month 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.