Brookstone Capital Management Lowers Stake in Air Products and Chemicals, Inc. $APD

Brookstone Capital Management reduced its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 43.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 2,989 shares of the basic materials company’s stock after selling 2,293 shares during the period. Brookstone Capital Management’s holdings in Air Products and Chemicals were worth $843,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wayfinding Financial LLC purchased a new position in Air Products and Chemicals during the 1st quarter worth $25,000. Saudi Central Bank acquired a new stake in shares of Air Products and Chemicals in the 1st quarter worth $26,000. Cheviot Value Management LLC acquired a new stake in shares of Air Products and Chemicals in the 1st quarter worth $27,000. Financial Connections Group Inc. lifted its stake in shares of Air Products and Chemicals by 46.7% in the 2nd quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 35 shares during the period. Finally, Citizens National Bank Trust Department lifted its stake in shares of Air Products and Chemicals by 833.3% in the 1st quarter. Citizens National Bank Trust Department now owns 112 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 100 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Up 0.1%

Shares of NYSE APD opened at $255.11 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.93. Air Products and Chemicals, Inc. has a 52 week low of $243.69 and a 52 week high of $341.14. The firm has a 50-day moving average price of $278.03 and a 200 day moving average price of $279.26. The stock has a market capitalization of $56.78 billion, a price-to-earnings ratio of 36.71, a price-to-earnings-growth ratio of 5.30 and a beta of 0.83.

Air Products and Chemicals (NYSE:APD) last announced 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 during the quarter, compared to analysts’ expectations of $2.95 billion. During the same quarter last year, the business earned $3.20 earnings per share. 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. Equities research analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on APD shares. Mizuho raised their target price on shares of Air Products and Chemicals from $310.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. Citigroup reduced their target price on shares of 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. Weiss Ratings restated a “hold (c)” rating on shares of Air Products and Chemicals in a research note on Friday. Argus upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a research note on Friday, September 12th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $330.00.

Insider Activity at Air Products and Chemicals

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of Air Products and Chemicals stock in a transaction dated 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. The trade was a 13.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.41% of the stock is owned by company insiders.

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.