Pacific Heights Asset Management LLC Acquires 7,000 Shares of Air Products and Chemicals, Inc. $APD

Pacific Heights Asset Management LLC lifted its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 11.7% during the second quarter, HoldingsChannel.com reports. The firm owned 67,000 shares of the basic materials company’s stock after purchasing an additional 7,000 shares during the period. Air Products and Chemicals accounts for 1.0% of Pacific Heights Asset Management LLC’s portfolio, making the stock its 25th biggest position. Pacific Heights Asset Management LLC’s holdings in Air Products and Chemicals were worth $18,898,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Dodge & Cox lifted its position in shares of Air Products and Chemicals by 31.5% in the first quarter. Dodge & Cox now owns 8,759,722 shares of the basic materials company’s stock worth $2,583,417,000 after purchasing an additional 2,096,568 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of Air Products and Chemicals by 1.4% in the first quarter. Raymond James Financial Inc. now owns 3,096,277 shares of the basic materials company’s stock worth $913,154,000 after purchasing an additional 43,695 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Air Products and Chemicals by 159.2% in the first quarter. Principal Financial Group Inc. now owns 1,725,762 shares of the basic materials company’s stock worth $508,962,000 after purchasing an additional 1,059,970 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Air Products and Chemicals by 110.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,441,752 shares of the basic materials company’s stock worth $425,202,000 after purchasing an additional 756,780 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Air Products and Chemicals by 1.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,307,807 shares of the basic materials company’s stock worth $385,698,000 after purchasing an additional 19,237 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

NYSE:APD opened at $254.81 on Wednesday. Air Products and Chemicals, Inc. has a one year low of $243.69 and a one year high of $341.14. The company has a market cap of $56.71 billion, a P/E ratio of 36.66, a P/E/G ratio of 5.28 and a beta of 0.83. The firm’s fifty day moving average price is $280.31 and its two-hundred day moving average price is $279.19. 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 released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $2.95 billion. During the same period in the previous year, the company earned $3.20 earnings per share. The company’s quarterly revenue 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. Equities analysts expect that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Insider Activity at Air Products and Chemicals

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 value of $397,344.42. Following the transaction, the vice president directly owned 8,686 shares in the company, valued at $2,539,612.68. The trade was 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 available at this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. UBS Group lowered their target price on shares of Air Products and Chemicals from $354.00 to $350.00 and set a “buy” rating on the stock 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 report on Wednesday, October 1st. Wall Street Zen upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Argus upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a report on Friday, September 12th. Finally, Citigroup lowered their target price on shares of 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. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and an average target price of $330.00.

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.