Ritholtz Wealth Management Raises Stock Holdings in Air Products and Chemicals, Inc. $APD

Ritholtz Wealth Management boosted its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 17.8% during the second quarter, Holdings Channel.com reports. The firm owned 1,889 shares of the basic materials company’s stock after purchasing an additional 286 shares during the quarter. Ritholtz Wealth Management’s holdings in Air Products and Chemicals were worth $533,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Financial Connections Group Inc. lifted its position in Air Products and Chemicals by 46.7% during the second quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 35 shares during the last quarter. Hamilton Capital LLC increased its position in shares of Air Products and Chemicals by 1.5% during the first quarter. Hamilton Capital LLC now owns 2,594 shares of the basic materials company’s stock worth $765,000 after purchasing an additional 38 shares in the last quarter. DB Fitzpatrick & Co Inc lifted its holdings in shares of Air Products and Chemicals by 1.0% during the 2nd quarter. DB Fitzpatrick & Co Inc now owns 3,860 shares of the basic materials company’s stock valued at $1,089,000 after purchasing an additional 38 shares during the last quarter. Kathmere Capital Management LLC boosted its position in shares of Air Products and Chemicals by 2.6% in the 1st quarter. Kathmere Capital Management LLC now owns 1,541 shares of the basic materials company’s stock worth $454,000 after purchasing an additional 39 shares in the last quarter. Finally, Connecticut Wealth Management LLC grew its stake in Air Products and Chemicals by 1.7% during the 1st quarter. Connecticut Wealth Management LLC now owns 2,385 shares of the basic materials company’s stock worth $703,000 after buying an additional 39 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Victoria Brifo sold 1,359 shares of the business’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 transaction, the vice president owned 8,686 shares of the company’s stock, valued at $2,539,612.68. The trade was a 13.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.41% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wells Fargo & Company raised their price target on Air Products and Chemicals from $320.00 to $345.00 and gave the stock an “overweight” rating in a report on Monday, July 14th. Mizuho lifted 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. Weiss Ratings restated a “hold (c)” rating on shares of Air Products and Chemicals in a research note on Wednesday, October 8th. 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, UBS Group cut their target price on 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $330.00.

Air Products and Chemicals Stock Performance

Shares of NYSE APD opened at $253.32 on Monday. The company has a 50 day simple moving average of $281.60 and a two-hundred day simple moving average of $279.43. The stock has a market cap of $56.38 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 5.26 and a beta of 0.83. 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 12 month low of $243.69 and a 12 month high of $341.14.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $0.10. The firm had revenue of $3.02 billion during 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%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the company posted $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. As a group, analysts predict that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

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.