Mutual of America Capital Management LLC Reduces Stock Position in Air Products and Chemicals, Inc. $APD

Mutual of America Capital Management LLC reduced its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 1.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,517 shares of the basic materials company’s stock after selling 350 shares during the period. Mutual of America Capital Management LLC’s holdings in Air Products and Chemicals were worth $7,197,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Koshinski Asset Management Inc. grew its stake in shares of Air Products and Chemicals by 1.8% in the 2nd quarter. Koshinski Asset Management Inc. now owns 3,922 shares of the basic materials company’s stock worth $1,106,000 after buying an additional 71 shares in the last quarter. Huntleigh Advisors Inc. boosted its stake in shares of Air Products and Chemicals by 4.5% during the 2nd quarter. Huntleigh Advisors Inc. now owns 8,703 shares of the basic materials company’s stock worth $2,455,000 after purchasing an additional 372 shares during the period. Nicholson Wealth Management Group LLC boosted its stake in shares of Air Products and Chemicals by 0.7% during the 2nd quarter. Nicholson Wealth Management Group LLC now owns 5,272 shares of the basic materials company’s stock worth $1,487,000 after purchasing an additional 38 shares during the period. Chevy Chase Trust Holdings LLC boosted its stake in shares of Air Products and Chemicals by 0.7% during the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 120,950 shares of the basic materials company’s stock worth $34,115,000 after purchasing an additional 868 shares during the period. Finally, Stratos Wealth Partners LTD. boosted its stake in shares of Air Products and Chemicals by 5.6% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 22,657 shares of the basic materials company’s stock worth $6,391,000 after purchasing an additional 1,199 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Air Products and Chemicals

In other news, VP Victoria Brifo sold 1,359 shares of the business’s stock in a transaction dated Tuesday, August 5th. The shares were 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 owned 8,686 shares in the company, valued at approximately $2,539,612.68. The trade was a 13.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.41% of the company’s stock.

Air Products and Chemicals Trading Up 0.3%

Shares of APD opened at $254.05 on Tuesday. Air Products and Chemicals, Inc. has a 1-year low of $243.69 and a 1-year high of $341.14. The company has a 50-day moving average of $281.00 and a 200 day moving average of $279.36. The firm has a market capitalization of $56.54 billion, a price-to-earnings ratio of 36.55, a PEG ratio of 5.26 and a beta of 0.83. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on APD shares. 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. The Goldman Sachs Group set a $335.00 price target on shares of Air Products and Chemicals in a research note on Wednesday, October 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Air Products and Chemicals in a research note on Wednesday, October 8th. Mizuho lifted their price target 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. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Air Products and Chemicals presently has an average rating of “Moderate Buy” and an average price target 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.