Air Products and Chemicals, Inc. $APD Shares Purchased by Cwm LLC

Cwm LLC increased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 9.4% during the second quarter, HoldingsChannel reports. The fund owned 7,461 shares of the basic materials company’s stock after buying an additional 639 shares during the period. Cwm LLC’s holdings in Air Products and Chemicals were worth $2,104,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wayfinding Financial LLC acquired a new position in Air Products and Chemicals during the first quarter worth $25,000. Saudi Central Bank acquired a new position in Air Products and Chemicals during the first quarter worth $26,000. Cheviot Value Management LLC acquired a new position in Air Products and Chemicals during the first quarter worth $27,000. Financial Connections Group Inc. grew its holdings in Air Products and Chemicals by 46.7% in the second quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 35 shares during the last quarter. Finally, Citizens National Bank Trust Department grew its holdings in Air Products and Chemicals by 833.3% in the first quarter. Citizens National Bank Trust Department now owns 112 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on APD. The Goldman Sachs Group set a $335.00 target price on Air Products and Chemicals in a report on Wednesday, October 1st. Argus raised Air Products and Chemicals from a “hold” rating to a “buy” rating in a report on Friday, September 12th. Citigroup lowered their target price on Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating on the stock in a report on Monday, October 6th. Wells Fargo & Company increased their price objective on Air Products and Chemicals from $320.00 to $345.00 and gave the company an “overweight” rating in a research note on Monday, July 14th. Finally, Wall Street Zen raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $330.00.

Air Products and Chemicals Stock Performance

NYSE APD opened at $253.32 on Friday. The business’s 50-day moving average price is $281.60 and its 200 day moving average price is $279.45. Air Products and Chemicals, Inc. has a twelve month low of $243.69 and a twelve month high of $341.14. The company has a market capitalization of $56.38 billion, a PE ratio of 36.45, a price-to-earnings-growth ratio of 5.25 and a beta of 0.83. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.10. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.The firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.95 billion. During the same period in the prior year, the business posted $3.20 earnings per share. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. Air Products and Chemicals has set its FY 2025 guidance at 11.900-12.100 EPS. Q4 2025 guidance at 3.270-3.470 EPS. On average, research analysts predict that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Insider Activity at Air Products and Chemicals

In other news, VP Victoria Brifo sold 1,359 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $292.38, for a total value of $397,344.42. Following the transaction, the vice president directly owned 8,686 shares in the company, valued at $2,539,612.68. This trade represents a 13.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.41% of the stock is currently owned by company insiders.

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.