CNB Bank Sells 154 Shares of Air Products and Chemicals, Inc. $APD

CNB Bank reduced its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 5.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,707 shares of the basic materials company’s stock after selling 154 shares during the period. CNB Bank’s holdings in Air Products and Chemicals were worth $764,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sage Mountain Advisors LLC boosted its holdings in Air Products and Chemicals by 9.0% in the second quarter. Sage Mountain Advisors LLC now owns 1,775 shares of the basic materials company’s stock valued at $501,000 after acquiring an additional 147 shares during the last quarter. Moment Partners LLC boosted its position in Air Products and Chemicals by 4.1% during the second quarter. Moment Partners LLC now owns 1,185 shares of the basic materials company’s stock valued at $334,000 after acquiring an additional 47 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in Air Products and Chemicals by 2.5% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 577,303 shares of the basic materials company’s stock worth $162,834,000 after acquiring an additional 14,207 shares during the period. West Michigan Advisors LLC raised its position in shares of Air Products and Chemicals by 4.3% in the 2nd quarter. West Michigan Advisors LLC now owns 6,856 shares of the basic materials company’s stock worth $1,934,000 after acquiring an additional 284 shares in the last quarter. Finally, Moloney Securities Asset Management LLC increased its holdings in Air Products and Chemicals by 2.4% in the second quarter. Moloney Securities Asset Management LLC now owns 7,377 shares of the basic materials company’s stock worth $2,081,000 after purchasing an additional 173 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

APD has been the topic of several research analyst reports. 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. Citigroup dropped 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. Mizuho lifted their price objective on shares of Air Products and Chemicals from $310.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, July 15th. Wall Street Zen upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Argus raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a report on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $330.00.

Air Products and Chemicals Trading Up 0.1%

Shares of Air Products and Chemicals stock opened at $255.11 on Friday. The company has a 50 day simple moving average of $278.03 and a two-hundred day simple moving average of $279.04. The firm has a market cap of $56.78 billion, a PE ratio of 36.71, a PEG ratio of 5.30 and a beta of 0.83. Air Products and Chemicals, Inc. has a 1 year low of $243.69 and a 1 year high of $341.14. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $3.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.10. The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.95 billion. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.20 EPS. 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. Analysts expect that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Insider Buying and Selling at Air Products and Chemicals

In related news, VP Victoria Brifo sold 1,359 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $292.38, for a total value of $397,344.42. Following the completion of the sale, the vice president owned 8,686 shares in the company, valued at $2,539,612.68. The trade was a 13.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.41% of the company’s stock.

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.