Forum Financial Management LP Acquires 394 Shares of Air Products and Chemicals, Inc. $APD

Forum Financial Management LP lifted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 7.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 5,868 shares of the basic materials company’s stock after purchasing an additional 394 shares during the period. Forum Financial Management LP’s holdings in Air Products and Chemicals were worth $1,655,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Dodge & Cox increased its position in shares of Air Products and Chemicals by 31.5% during the first quarter. Dodge & Cox now owns 8,759,722 shares of the basic materials company’s stock worth $2,583,417,000 after acquiring an additional 2,096,568 shares in the last quarter. Raymond James Financial Inc. grew its position in Air Products and Chemicals by 1.4% in the 1st 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. grew its position in Air Products and Chemicals by 159.2% in the 1st 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. grew its position in Air Products and Chemicals by 110.5% in the 1st 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. grew its position in Air Products and Chemicals by 1.5% in the 1st 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. 81.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on APD shares. Citigroup reduced their price objective on shares of Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating for the company in a research report on Monday, October 6th. Wall Street Zen raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Argus raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a research report on Friday, September 12th. The Goldman Sachs Group set a $335.00 target price on shares of Air Products and Chemicals in a research note on Wednesday, October 1st. Finally, Mizuho boosted their target price 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 equities research 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $330.00.

Air Products and Chemicals Stock Down 0.7%

APD opened at $252.88 on Thursday. The stock has a market cap of $56.28 billion, a price-to-earnings ratio of 36.39, a PEG ratio of 5.29 and a beta of 0.83. 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 company’s 50-day moving average price is $279.48 and its two-hundred day moving average price is $279.01. 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 results on Thursday, July 31st. The basic materials company reported $3.09 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.10. The company had revenue of $3.02 billion for the quarter, compared to analysts’ expectations 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 period in the prior year, the company 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. As a group, 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 related news, VP Victoria Brifo sold 1,359 shares of the company’s stock in a transaction that occurred 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 sale, the vice president directly 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 SEC, which can be accessed through this hyperlink. Insiders own 0.41% of the company’s stock.

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.