Mycio Wealth Partners LLC Decreases Position in Air Products and Chemicals, Inc. $APD

Mycio Wealth Partners LLC decreased its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,424 shares of the basic materials company’s stock after selling 182 shares during the quarter. Air Products and Chemicals makes up approximately 0.9% of Mycio Wealth Partners LLC’s portfolio, making the stock its 14th biggest position. Mycio Wealth Partners LLC’s holdings in Air Products and Chemicals were worth $4,069,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Wayfinding Financial LLC purchased a new stake in Air Products and Chemicals during the first quarter worth approximately $25,000. Saudi Central Bank purchased a new stake in Air Products and Chemicals in the first quarter valued at approximately $26,000. Cheviot Value Management LLC purchased a new stake in Air Products and Chemicals in the first quarter valued at approximately $27,000. Financial Connections Group Inc. lifted its stake 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 buying an additional 35 shares during the last quarter. Finally, Citizens National Bank Trust Department lifted its stake 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 buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Up 0.1%

Shares of APD stock opened at $255.11 on Friday. The business’s fifty day moving average price is $278.03 and its 200 day moving average price is $279.04. Air Products and Chemicals, Inc. has a 1-year low of $243.69 and a 1-year high of $341.14. The firm has a market capitalization of $56.78 billion, a PE ratio of 36.71, a P/E/G ratio of 5.30 and a beta of 0.83. 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 earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.10. The company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.95 billion. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.Air Products and Chemicals’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.20 earnings per share. 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 forecast that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on APD. Argus upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating in a research note on Friday, September 12th. UBS Group cut their price target on Air Products and Chemicals from $354.00 to $350.00 and set a “buy” rating for the company in a research note on Monday, October 6th. Citigroup cut their price target on Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating for the company in a research note on Monday, October 6th. Wells Fargo & Company upped their price target on Air Products and Chemicals from $320.00 to $345.00 and gave the stock an “overweight” rating in a research note on Monday, July 14th. Finally, The Goldman Sachs Group set a $335.00 price target on Air Products and Chemicals in a research note on Wednesday, October 1st. One 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 presently has an average rating of “Moderate Buy” and an average target price of $330.00.

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 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 sale, the vice president owned 8,686 shares of the company’s stock, valued at approximately $2,539,612.68. This represents a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.41% of the company’s stock.

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.