Mesirow Financial Investment Management Inc. Buys New Shares in Air Products and Chemicals, Inc. (NYSE:APD)

Mesirow Financial Investment Management Inc. purchased a new position in Air Products and Chemicals, Inc. (NYSE:APD) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 755 shares of the basic materials company’s stock, valued at approximately $225,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital Research Global Investors lifted its holdings in Air Products and Chemicals by 62.3% in the 1st quarter. Capital Research Global Investors now owns 11,230,051 shares of the basic materials company’s stock worth $2,720,704,000 after purchasing an additional 4,309,040 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Air Products and Chemicals by 4.2% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,062,859 shares of the basic materials company’s stock worth $790,371,000 after buying an additional 122,676 shares in the last quarter. Pathway Financial Advisers LLC boosted its position in shares of Air Products and Chemicals by 29,954.1% during the third quarter. Pathway Financial Advisers LLC now owns 2,894,211 shares of the basic materials company’s stock worth $861,722,000 after acquiring an additional 2,884,581 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Air Products and Chemicals by 127.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,792,470 shares of the basic materials company’s stock valued at $720,597,000 after acquiring an additional 1,564,169 shares in the last quarter. Finally, Raymond James & Associates increased its holdings in Air Products and Chemicals by 1.7% in the 3rd quarter. Raymond James & Associates now owns 2,043,099 shares of the basic materials company’s stock valued at $608,312,000 after acquiring an additional 33,313 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Trading Down 0.9 %

Shares of APD opened at $311.13 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.10. The firm has a market capitalization of $69.17 billion, a price-to-earnings ratio of 18.11, a PEG ratio of 3.46 and a beta of 0.81. The company has a 50-day moving average of $302.27 and a 200 day moving average of $278.09. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year high of $332.42.

Analyst Upgrades and Downgrades

APD has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lowered Air Products and Chemicals from a “buy” rating to a “hold” rating and cut their price objective for the company from $310.00 to $280.00 in a research report on Monday, July 22nd. StockNews.com raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday, September 23rd. UBS Group increased their target price on Air Products and Chemicals from $307.00 to $345.00 and gave the company a “neutral” rating in a research report on Tuesday, October 15th. Mizuho boosted their price target on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company increased their price objective on shares of Air Products and Chemicals from $280.00 to $330.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $328.18.

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.