Air Products and Chemicals, Inc. $APD Shares Purchased by Klingman & Associates LLC

Klingman & Associates LLC lifted its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 3.7% in the second quarter, HoldingsChannel reports. The firm owned 1,381 shares of the basic materials company’s stock after buying an additional 49 shares during the quarter. Klingman & Associates LLC’s holdings in Air Products and Chemicals were worth $390,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Phoenix Financial Ltd. grew its holdings in shares of Air Products and Chemicals by 17.8% in the second quarter. Phoenix Financial Ltd. now owns 12,481 shares of the basic materials company’s stock valued at $3,520,000 after purchasing an additional 1,888 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Air Products and Chemicals by 2.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 49,496 shares of the basic materials company’s stock valued at $13,974,000 after purchasing an additional 1,024 shares in the last quarter. Bogart Wealth LLC grew its holdings in shares of Air Products and Chemicals by 92.1% in the second quarter. Bogart Wealth LLC now owns 461 shares of the basic materials company’s stock valued at $130,000 after purchasing an additional 221 shares in the last quarter. Evermay Wealth Management LLC grew its holdings in shares of Air Products and Chemicals by 2.3% in the second quarter. Evermay Wealth Management LLC now owns 2,290 shares of the basic materials company’s stock valued at $646,000 after purchasing an additional 51 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of Air Products and Chemicals by 7.6% in the second quarter. International Assets Investment Management LLC now owns 2,293 shares of the basic materials company’s stock valued at $647,000 after purchasing an additional 161 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on APD. Weiss Ratings reiterated a “hold (c)” rating on shares of Air Products and Chemicals in a research note on Wednesday, October 8th. Argus upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a research note on Friday, September 12th. Wall Street Zen upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. UBS Group decreased their price target on shares of 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. Finally, The Goldman Sachs Group set a $335.00 price target on shares of 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, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and an average price target of $330.00.

Air Products and Chemicals Trading Up 0.2%

Shares of Air Products and Chemicals stock opened at $254.81 on Wednesday. The company has a fifty day simple moving average of $280.31 and a 200-day simple moving average of $279.19. Air Products and Chemicals, Inc. has a 12-month low of $243.69 and a 12-month high of $341.14. The stock has a market cap of $56.71 billion, a price-to-earnings ratio of 36.66, a PEG ratio of 5.28 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 quarterly earnings results on Thursday, July 31st. The basic materials company reported $3.09 EPS for the quarter, beating the consensus estimate 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 prior year, the firm earned $3.20 EPS. Air Products and Chemicals’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, equities analysts forecast that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Insider Buying and Selling

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 shares were sold at an average price of $292.38, for a total transaction of $397,344.42. Following the completion of the transaction, the vice president owned 8,686 shares in the company, valued at approximately $2,539,612.68. This represents a 13.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.