Hixon Zuercher LLC Has $2.35 Million Stake in Air Products and Chemicals, Inc. $APD

Hixon Zuercher LLC lifted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 2.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,342 shares of the basic materials company’s stock after buying an additional 181 shares during the period. Hixon Zuercher LLC’s holdings in Air Products and Chemicals were worth $2,353,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. West Oak Capital LLC boosted its position in Air Products and Chemicals by 12.2% during the 2nd quarter. West Oak Capital LLC now owns 10,815 shares of the basic materials company’s stock worth $3,050,000 after acquiring an additional 1,180 shares during the last quarter. Chapin Davis Inc. boosted its holdings in Air Products and Chemicals by 16.1% during the second quarter. Chapin Davis Inc. now owns 11,157 shares of the basic materials company’s stock worth $3,147,000 after purchasing an additional 1,551 shares during the last quarter. Revisor Wealth Management LLC grew its position in Air Products and Chemicals by 110.4% in the second quarter. Revisor Wealth Management LLC now owns 3,265 shares of the basic materials company’s stock valued at $966,000 after purchasing an additional 1,713 shares in the last quarter. Norden Group LLC increased its stake in Air Products and Chemicals by 167.3% in the 2nd quarter. Norden Group LLC now owns 5,800 shares of the basic materials company’s stock valued at $1,636,000 after buying an additional 3,630 shares during the last quarter. Finally, Aberdeen Group plc lifted its position in Air Products and Chemicals by 4.1% during the 2nd quarter. Aberdeen Group plc now owns 113,027 shares of the basic materials company’s stock worth $31,903,000 after buying an additional 4,492 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

Shares of APD opened at $255.11 on Friday. The company’s 50-day moving average is $278.03 and its 200-day moving average is $279.26. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12. The firm has a market capitalization of $56.78 billion, a PE ratio of 36.71, a PEG ratio of 5.30 and a beta of 0.83. Air Products and Chemicals, Inc. has a fifty-two week low of $243.69 and a fifty-two week high of $341.14.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Thursday, July 31st. The basic materials company reported $3.09 EPS for the quarter, topping the consensus estimate of $2.99 by $0.10. The business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.95 billion. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. Air Products and Chemicals’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.20 EPS. 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 forecast that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Insider Activity at Air Products and Chemicals

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. The Goldman Sachs Group set a $335.00 target price on Air Products and Chemicals in a research report on Wednesday, October 1st. Mizuho increased their price objective on Air Products and Chemicals from $310.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Air Products and Chemicals in a research note on Friday. UBS Group dropped their price target on shares of Air Products and Chemicals from $354.00 to $350.00 and set a “buy” rating on the stock in a research report on Monday, October 6th. Finally, Argus raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a research report on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $330.00.

Air Products and Chemicals 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.