Mcdaniel Terry & Co. Has $18.13 Million Stock Holdings in Air Products and Chemicals, Inc. $APD

Mcdaniel Terry & Co. lowered its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 0.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 64,281 shares of the basic materials company’s stock after selling 199 shares during the quarter. Air Products and Chemicals makes up approximately 1.5% of Mcdaniel Terry & Co.’s investment portfolio, making the stock its 25th largest position. Mcdaniel Terry & Co.’s holdings in Air Products and Chemicals were worth $18,131,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of APD. Peterson Wealth Services grew its stake in Air Products and Chemicals by 2.9% in the second quarter. Peterson Wealth Services now owns 8,425 shares of the basic materials company’s stock valued at $2,376,000 after purchasing an additional 236 shares in the last quarter. Sage Mountain Advisors LLC grew its stake in shares of 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 buying an additional 147 shares in the last quarter. Moment Partners LLC increased its holdings 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 worth $334,000 after buying an additional 47 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in Air Products and Chemicals by 2.5% during the second 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 in the last quarter. Finally, West Michigan Advisors LLC lifted its stake in Air Products and Chemicals by 4.3% in the second quarter. West Michigan Advisors LLC now owns 6,856 shares of the basic materials company’s stock valued at $1,934,000 after acquiring an additional 284 shares during the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on APD. Argus upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a research note on Friday, September 12th. The Goldman Sachs Group set a $335.00 price objective on Air Products and Chemicals in a research note on Wednesday, October 1st. UBS Group cut their price objective on Air Products and Chemicals from $354.00 to $350.00 and set a “buy” rating for the company in a research report on Monday, October 6th. Wells Fargo & Company increased their price target 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, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Air Products and Chemicals in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Air Products and Chemicals presently has an average rating of “Moderate Buy” and a consensus target price of $330.00.

Air Products and Chemicals Trading Up 0.1%

APD stock opened at $255.11 on Friday. Air Products and Chemicals, Inc. has a 52 week low of $243.69 and a 52 week high of $341.14. The company has a market capitalization of $56.78 billion, a PE ratio of 36.71, a price-to-earnings-growth ratio of 5.30 and a beta of 0.83. The company’s 50-day simple moving average is $278.03 and its 200 day simple moving average is $279.04. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.29.

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, beating analysts’ consensus estimates of $2.99 by $0.10. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.95 billion. During the same quarter in the previous year, the firm posted $3.20 EPS. The business’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. As a group, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Insider Transactions at Air Products and Chemicals

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

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.