Air Products and Chemicals, Inc. $APD Stock Position Raised by Peterson Wealth Services

Peterson Wealth Services raised its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 2.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,425 shares of the basic materials company’s stock after acquiring an additional 236 shares during the period. Peterson Wealth Services’ holdings in Air Products and Chemicals were worth $2,376,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC boosted its holdings in shares of Air Products and Chemicals by 14.5% during the fourth quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company’s stock valued at $945,000 after acquiring an additional 412 shares during the period. Bison Wealth LLC acquired a new position in Air Products and Chemicals during the 4th quarter valued at about $245,000. GAMMA Investing LLC grew its position in Air Products and Chemicals by 8.0% in the 1st quarter. GAMMA Investing LLC now owns 4,238 shares of the basic materials company’s stock worth $1,250,000 after purchasing an additional 314 shares during the last quarter. Daymark Wealth Partners LLC increased its stake in shares of Air Products and Chemicals by 19.5% in the first quarter. Daymark Wealth Partners LLC now owns 2,692 shares of the basic materials company’s stock valued at $794,000 after purchasing an additional 439 shares during the period. Finally, Spire Wealth Management boosted its position in shares of Air Products and Chemicals by 5.0% during the first quarter. Spire Wealth Management now owns 2,369 shares of the basic materials company’s stock worth $699,000 after buying an additional 112 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Wells Fargo & Company lifted their target price 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. Citigroup reduced their price objective on shares of Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating for the company in a report on Monday, October 6th. The Goldman Sachs Group set a $335.00 target price on shares of Air Products and Chemicals in a research note on Wednesday, October 1st. Wall Street Zen upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Air Products and Chemicals in a report on Friday. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $330.00.

Air Products and Chemicals Price Performance

NYSE APD opened at $255.11 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12. The firm has a market cap of $56.78 billion, a P/E ratio of 36.71, a price-to-earnings-growth ratio of 5.30 and a beta of 0.83. The stock’s 50-day moving average is $278.03 and its two-hundred day moving average is $279.04. Air Products and Chemicals, Inc. has a fifty-two week low of $243.69 and a fifty-two week high of $341.14.

Air Products and Chemicals (NYSE:APD) last posted 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 during the quarter, compared to analyst estimates of $2.95 billion. During the same period in the previous year, the company earned $3.20 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. 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, analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $292.38, for a total transaction of $397,344.42. Following the completion of the sale, the vice president directly owned 8,686 shares in the company, valued at $2,539,612.68. This represents a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is currently owned by corporate insiders.

Air Products and Chemicals 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.