According to Bloomberg, the twenty-one analysts following Air Products and Chemicals, Inc. (NYSE: A.P.D.) have assigned the company an average “Moderate Buy.” The research analysts have given the stock a buy rating with an average rating of “Moderate Buy,” and eight have recommended keeping the stock in one’s portfolio. In contrast, the other eight have given the stock a buy rating. Eight of the research analysts have given the stock a buy rating, and the remaining eight have given the stock a recommendation to maintain the stock’s position in one’s portfolio. The investment banks and brokerage houses that provided ratings for the stock in the preceding year have projected that the price of the stock will rise to an average of $313.79 in the year that will follow.
In the past few years, there have been multiple investigations using analytical methods conducted concerning A.P.D. The price objective that Deutsche Bank Aktiengesellschaft has placed on air products and chemicals has increased from $292.00 to $340.00, as stated in a research report that was made public on Wednesday, December 7. The stock of the company was the subject of the study. Vertical Research shifted its recommendation for Air Products and Chemicals from a “buy” status to a “hold” status and lowered its price objective for the company to $328.00. On January 4, the results of a study were made available to the general public. JPMorgan Chase & Co. stated, in a research report that was made public on November 4, that the price target that they had established for Air Products and Chemicals had been reduced from $295.00 to $290.00. The report was made public by JPMorgan Chase & Co. B.M.O. Capital Markets upgraded their rating for the stock from “market perform” to “outperform” and increased their price objective for Air Products and Chemicals from $339.00 to $390.00 in a research report that was made public on November 22. Last but not least, in a research note published on Wednesday, October 12, Berenberg Bank decreased the price target that they had set for the shares of Air Products and Chemicals from $290.00 to $260.00 while maintaining their “hold” rating on the stock.
According to related news, Vice President Sean D. Major sold 485 Air Products and Chemicals stock on Tuesday, December 20. This transaction took place. The shares were sold on the open market for $151,805.00, which is $313.00 per share when broken down into individual prices. The vice president now directly controls 14,275 company shares, which have a combined value of $4,468,075 as a direct result of the transaction. Legal documentation regarding the transaction was provided to the Securities and Exchange Commission, and the entirety of that documentation can be viewed by following the link provided in the previous sentence. Internal shareholders hold 0.40% of the total number of shares in the company.
Recently, there has been a lot of activity in the market from various institutional investors, including buying and selling A.P.D. shares. During the quarter that ended on December 31, Oak Harbor Wealth Partners L.L.C. increased the percentage of Air Products and Chemicals stock that it owned to 1.7% higher than before. Oak Harbor Wealth Partners L.L.C. now holds 5,780 shares of the basic materials company’s stock, which has a market value of $1,782,000 after purchasing an additional 95 shares during the most recent fiscal quarter. This brings the total number of shares owned by Oak Harbor Wealth Partners L.L.C. to 5,780. Beaumont Asset Management L.L.C. achieved the increase in ownership of Air Products and Chemicals stock as a result of a 0.8% increase in the firm’s holdings during the most recent quarter Beaumont Asset Management L.L.C. now directly owns 4,639 shares. Of the stock held by the basic materials company after making an additional purchase of 37 shares during the most recent fiscal quarter. These shares are currently worth a total of 1,430,000 dollars as of right now. During the fourth quarter of the fiscal year, Wesbanco Bank Inc. increased the percentage of Air Products and Chemicals stock owned by 36.0%. Wesbanco Bank, Inc. has bought an additional 3,054 shares of the company specializing in primary materials, bringing the total number of shares it owns to 11,542. The current value of these shares, when traded on the market, is $3,558,000. During the final three months of 2018, Hanson & Doremus Investment Management saw a 188.4% increase in the number of Air Products and Chemicals shares it held in its portfolio. After making an additional purchase of 2,919 shares during the most recent fiscal quarter, Hanson & Doremus Investment Management now owns a total of 4,468 shares of the basic materials company’s stock, which have a combined value of $1,377,000. This brings the firm’s total number of shares to 4,468. In the fourth and final quarter of 2018, Argus Investors Counsel Inc. increased the amount of Air Products and Chemicals stock owned by 0.8%, making this the last and most important point. Argus Investors Counsel Inc. now has a total of 8,922 shares of the stock of the basic materials company