Empower Advisory Group LLC Has $126.07 Million Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Empower Advisory Group LLC lifted its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 3.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 423,419 shares of the basic materials company’s stock after buying an additional 14,460 shares during the quarter. Empower Advisory Group LLC’s holdings in Air Products and Chemicals were worth $126,069,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Aptus Capital Advisors LLC increased its holdings in Air Products and Chemicals by 20.0% during the 3rd quarter. Aptus Capital Advisors LLC now owns 3,386 shares of the basic materials company’s stock valued at $1,008,000 after purchasing an additional 565 shares in the last quarter. Prime Capital Investment Advisors LLC increased its holdings in Air Products and Chemicals by 3.6% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 4,443 shares of the basic materials company’s stock valued at $1,323,000 after purchasing an additional 155 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in Air Products and Chemicals by 0.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 606,457 shares of the basic materials company’s stock valued at $180,567,000 after purchasing an additional 2,413 shares in the last quarter. Patron Partners LLC increased its stake in shares of Air Products and Chemicals by 6.2% in the 3rd quarter. Patron Partners LLC now owns 2,274 shares of the basic materials company’s stock valued at $677,000 after buying an additional 132 shares during the period. Finally, Apollon Wealth Management LLC increased its stake in shares of Air Products and Chemicals by 44.2% in the 3rd quarter. Apollon Wealth Management LLC now owns 14,281 shares of the basic materials company’s stock valued at $4,252,000 after buying an additional 4,379 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on APD shares. Evercore ISI raised Air Products and Chemicals from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $305.00 to $365.00 in a research note on Monday, October 7th. StockNews.com raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday, September 23rd. Wells Fargo & Company raised their price target on Air Products and Chemicals from $280.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. UBS Group raised their price target on Air Products and Chemicals from $307.00 to $345.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 15th. Finally, The Goldman Sachs Group raised their price target on Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $328.18.

Air Products and Chemicals Stock Down 0.9 %

Air Products and Chemicals stock opened at $311.13 on Wednesday. The company has a current ratio of 1.52, a quick ratio of 1.10 and a debt-to-equity ratio of 0.72. The company has a fifty day simple moving average of $302.27 and a 200 day simple moving average of $278.09. The company has a market cap of $69.17 billion, a P/E ratio of 18.11, a price-to-earnings-growth ratio of 3.46 and a beta of 0.81. 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 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.