Studio Investment Management LLC Increases Stake in Air Products and Chemicals, Inc. $APD

Studio Investment Management LLC raised its position in Air Products and Chemicals, Inc. (NYSE:APD) by 5.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,667 shares of the basic materials company’s stock after purchasing an additional 140 shares during the period. Studio Investment Management LLC’s holdings in Air Products and Chemicals were worth $752,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wayfinding Financial LLC purchased a new position in Air Products and Chemicals in the 1st quarter valued at $25,000. Saudi Central Bank purchased a new position in shares of Air Products and Chemicals during the 1st quarter worth $26,000. Cheviot Value Management LLC purchased a new position in shares of Air Products and Chemicals during the 1st quarter worth $27,000. Financial Connections Group Inc. raised its holdings in shares of Air Products and Chemicals by 46.7% during 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 raised its holdings in shares of Air Products and Chemicals by 833.3% during 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. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Insider Buying and Selling at Air Products and Chemicals

In related news, VP Victoria Brifo sold 1,359 shares of the stock in a transaction 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 completion of the sale, the vice president directly owned 8,686 shares of the company’s stock, valued at $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 available through this link. 0.41% of the stock is currently owned by corporate insiders.

Air Products and Chemicals Price Performance

Shares of NYSE APD opened at $254.81 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. Air Products and Chemicals, Inc. has a twelve month low of $243.69 and a twelve month high of $341.14. The stock has a 50 day moving average of $280.31 and a two-hundred day moving average of $279.19. The stock 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.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.10. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.95 billion. During the same period last year, the company earned $3.20 earnings per share. The company’s revenue for the quarter 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. On average, research analysts forecast that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on APD. Citigroup reduced their price target on 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. The Goldman Sachs Group set a $335.00 price objective on Air Products and Chemicals in a research report on Wednesday, October 1st. Argus raised Air Products and Chemicals from a “hold” rating to a “buy” rating in a research report on Friday, September 12th. UBS Group cut their price objective on Air Products and Chemicals from $354.00 to $350.00 and set a “buy” rating for the company in a research report on Monday, October 6th. Finally, Wall Street Zen raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $330.00.

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.