Fire Capital Management LLC Buys 40 Shares of Air Products and Chemicals, Inc. $APD

Fire Capital Management LLC boosted its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,538 shares of the basic materials company’s stock after purchasing an additional 40 shares during the period. Fire Capital Management LLC’s holdings in Air Products and Chemicals were worth $716,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in APD. Brighton Jones LLC lifted its stake in Air Products and Chemicals by 14.5% in the 4th quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company’s stock valued at $945,000 after purchasing an additional 412 shares during the last quarter. Bison Wealth LLC bought a new position in shares of Air Products and Chemicals during the fourth quarter valued at $245,000. Robeco Institutional Asset Management B.V. raised its stake in shares of Air Products and Chemicals by 28.0% during the first quarter. Robeco Institutional Asset Management B.V. now owns 10,912 shares of the basic materials company’s stock valued at $3,218,000 after acquiring an additional 2,389 shares during the last quarter. Diversified Trust Co raised its stake in shares of Air Products and Chemicals by 5.7% during the first quarter. Diversified Trust Co now owns 1,512 shares of the basic materials company’s stock valued at $446,000 after acquiring an additional 81 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Air Products and Chemicals by 17.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,965 shares of the basic materials company’s stock valued at $7,589,000 after acquiring an additional 3,868 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Down 0.4%

APD opened at $254.69 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.93. The stock has a market cap of $56.68 billion, a PE ratio of 36.65, a price-to-earnings-growth ratio of 5.32 and a beta of 0.83. The company has a fifty day moving average of $276.68 and a 200-day moving average of $279.18. Air Products and Chemicals, Inc. has a twelve month low of $243.69 and a twelve month high of $341.14.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data 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 firm had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.95 billion. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business 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. On average, sell-side analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on APD. Wells Fargo & Company raised their price target on shares of Air Products and Chemicals from $320.00 to $345.00 and gave the company an “overweight” rating in a research note on Monday, July 14th. UBS Group dropped 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Air Products and Chemicals in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Mizuho raised their price target on shares of Air Products and Chemicals from $310.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $330.00.

Insider Activity at Air Products and Chemicals

In other news, VP Victoria Brifo sold 1,359 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $292.38, for a total value of $397,344.42. Following the completion of the sale, the vice president directly owned 8,686 shares in the company, valued at $2,539,612.68. This trade represents a 13.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.41% of the stock is currently owned by corporate insiders.

Air Products and Chemicals Company 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.